DMart’s future lies in network expansion and FMCG focus, says Jignanshu Gor

Bernstein’s Jignanshu Gor sees DMart’s growth rebounding with improving consumption demand and expanding store network.

Despite quick commerce competition, DMart sustains strong footfalls and same-store sales growth.

Margin improvements are anticipated as demand environment strengthens.

Focus on private labels, D2C brands, and basic apparel positions DMart for long-term growth.