DMart CEO Neville Noronha sells stock worth Rs.514 million

As DMart’s stock continues to rally, CEO Neville Noronha sells shares worth ₹514 million

Published a year ago on Dec 13, 2019 2 minutes Read

Very few companies — even those with strong economic moats — manage to register growth of more than 20% each year. But Avenue Supermarts, which runs DMart, is truly an outlier. It continues to clock impressive performance. Net sales and profit growth of 24.36% and 40.39%, respectively, in the first half of FY20 reflects that the company has been immune to the consumption slowdown in the country. A combination of everyday discount strategy and a lean business model has helped the company to clock stellar numbers in each quarter. No surprises then that analysts and investors contin


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