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D-Mart on course to being cash surplus, how it spends will be key

Monday, January 13, 2020, 7:49 PM

Improving cash profits and a weak property market are twin tailwinds for Avenue Supermarts to step up its expansion plans. The operator of the D'Mart chain has been increasing its store count by 20-25 every year, but with increasing base and higher number of stores reaching maturity, the company will need to intensify its rate of store addition.