Avenue Supermarts Limited has informed the Exchange regarding 'Store Opening Intimation'.
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Avenue Supermarts (DMART) has opened a new store in Phagwara, Kapurthala district, Punjab, taking its total store count to 420. This is part of the company's ongoing retail expansion across India. The opening reflects continued network growth into tier-2 and tier-3 markets in northern India. No financial details or revenue guidance have been provided in this intimation.
A new store addition is a routine operational update and is broadly positive for long-term growth, as each store contributes incremental revenue. In the short term, this single store opening is unlikely to move the stock price materially.