Pitted against JioMart, Amazon and others, Radhakishan Damani’s DMart has opted for “controlled acceleration” in e-commerce
Pitted against JioMart, Amazon and others, Radhakishan Damani’s DMart has opted for “controlled acceleration” in e-commerce
Sanchita DashJan 11, 2021, 13:01 IST
DMart
DMart’s growth in e-commerce still doesn’t seem as bullish as its competitors.
DMart in its third quarter earnings said that it’s still going slow with e-commerce with ‘controlled acceleration.”
The Radhakishan Damani-led company managed to post profits worth ₹470 crore, accounting for a year-on-year growth of 19.3%.One of India’s biggest retail players, DMart, has posted a strong show in its third quarter earnings, but a big part of the investors’ focus was on how India’s second richest man, Radhakishan Damani, geared up for competition from the likes of JioMart, Amazon and Flipkart.