DMart's revenue growth slowed to 14%, its lowest in 15 quarters, as quick commerce models gain popularity.
EBITDA margin dropped to 7.9% in Q2 FY25 as DMart struggles with cost pressures amid rapid delivery services from Blinkit and Zepto.
Quick commerce services offering instant grocery deliveries have contributed to DMart’s dip in revenue per square foot this quarter.
DMart’s slow pace of adding new stores—just six this quarter—compounds its challenges against agile competitors like Zepto and Blinkit.
Despite competition from quick commerce, DMart is hopeful for a recovery during the festive season with a focus on in-store sales.