← All formats
Modern Trade — Grocery
Organised value supermarkets and hypermarkets
EDLP and value supermarkets. Organised penetration still <12% of grocery, leaving a multi-decade runway. DMart leads on per-store throughput; Vishal Mega Mart anchors Bharat. Q-comm cannibalisation in metros is the central debate.
GMV $35B+18% YoYCM 8%Capex: HighReg risk: Medium