List of Top 10 Supermarkets in India in 2024:
India’s grocery retail industry has grown dramatically over the past few decades to be one of the world’s most dynamic and competitive markets. The rise of organised retailing has been greatly facilitated by rapid urbanisation and an expanding middle class. Here is a detailed discussion on India’s top 10 grocery retailers with relevant facts and figures that are current as at 2023-2024.
Reliance Fresh
Reliance Fresh, part of Reliance Retail, has revolutionised India’s grocery retail since its establishment in 2006. Reliance Fresh being a subsidiary of one the largest Indian conglomerates, Reliance Industries, it has exploited its extensive network and resources to offer quality items at competitive prices. It is known for providing a variety of grocery items from fresh vegetables to packaged foods serving millions of Indian families.
Key Highlights
Sales: Reliance Retail earned ₹2.19 lakh crore ($29 billion) in revenue during 2023-24 fiscal year with contribution from reliance fresh.
Market Presence – Over 300 cities with more than 800 stores.
Product Range – Provides a range of fresh produce, dairy products, packaging foodstuff and household items.
Customer Loyalty – Competitive pricing and regular discounts that attract many committed customers.
Strategic expansion, customer loyalty programs, consistent quality have led to immense success for this supermarket chain in India; making Reliance Fresh a market leader among others.
D-Mart
D-Mart
DMart is highly popular for its everyday low price strategy which it started implementing when it was established in 2002 under Avenue Supermarts Limited. Radhakishan Damani founded DMart so as to provide a wide array basic home care and grocery products at affordable rates. Its business model which includes owning majority stores coupled with fast inventory turnover has led to its rapid growth and high profitability.
Key Highlights
Revenue: During FY 2023-24, DMart had a revenue of ₹35,600 crore ($4.8 billion).
Expansion – 12 states with over 300 stores.
Profitability – Efficient operations lead to high profitability margins and hence it is the preferred stock of the market.
Value for money and efficient operational model have made DMart a household name among budget-conscious shoppers.
Big Bazaar
Overview
Big Bazaar falls under the Future Group’s umbrella and is one of India’s largest hypermarket chains. Having been formed in 2001, Big Bazaar has become a byword for value shopping for Indian consumers. The brand offers an inclusive variety of grocery items, house goods, clothes etc., to cater for the diverse needs of Indian families. It is because of their deliberately positioned outlets at busy places as well as continuous promotional events like “Sabse Saste Din” that it has emerged as a household name all over the country.
Key Highlights
Revenue: Trent Limited recorded ₹4,200 crore ($550 million approximately) in sales revenue from its stores.
Store Presence: There are about fifty-five shops situated in big cities.
Product Range: Stocks several types of groceries, fresh products including farming tools among others.
The focus on customer value and strategic promotional activities keep endearing Big Bazaar to Indians.
Patanjali
Overview
Patanjali Ayurveda was founded in 2006 by Baba Ramdev and Acharya Balkrishna is now one of the leading FMCG (Fast-Moving Consumer Goods) companies in India. The attractiveness of Patanjali’s USP lies behind marketing natural & Ayurveda products that resonate with health-conscious consumers. The brand provides many kinds of foodstuffs such as basic foodstuffs, processed foods and personal care commodities which enable a sustainable and healthy living.
Key Highlights
Revenue: Patanjali had approximately ₹30,000 crore ($4 billion around) in earnings during FY 2023-2024.
Market Presence: Wide distribution network with more than five thousand retail outlets operating across two thousand five hundred towns and cities throughout India.
Product Range: Provides wide range of grocery products comprising rice, wheat pulses as well as processed foods beverages health supplementsin addition to other healthcare essentials.
Consumer Trust: Due to its focus on natural and Ayurvedic products, which are considered as better healthy alternatives to ordinary FMCG, it has built strong brand loyalty through its consumer base.
Expansion: This includes an increase in range of goods and number of locations such as working with e-commerce platforms for wider coverage.
Patanjali’s reputation in households is due to compliance with a true nature policy while at the same time highly penetrated distribution set up.
The More Supermarket
Overview
More Supermarket is now owned by Samara Capital and Amazon and it has become a trusted name in grocery retail, focusing on quality and affordability. Originating from Aditya Birla Group, More Supermarket has grown its footprint significantly through leveraging the technological and logistical strengths of Amazon under new ownership to enhance the shopping experience.
Key Highlights
Revenue: In 2023, More Supermarket had revenues of ₹5,200 crore (approximately $680 million).
Store Count: There are over five hundreds of them across twenty-seven states.
Customer Base: Its online presence was extended through amazon platform to boost market reach.
Product Range: It offers various groceries, fresh produce, houseware items etc.
More supermarket provides an ideal choice for Indian customers because it operates both physical stores and online platform for purchasing goods in India.
Spencer’s Retail
Overview
Part of RP-Sanjiv Goenka Group, Spencer’s Retail has been one of the biggest names in Indian retail since its rebranding in 2008. Spencer’s is known as a premium place for shopping so they offer a wide selection of groceries, fresh produce as well as gourmet foods. While trying to cater to both budget-conscious clients and high-end consumers at the same time, this brand concentrates on selling quality products with good customer service provided.
Key Highlights
Revenue: In 2023 reported a revenue of ₹2,600 crore (approximately $350 million).
Store Network: Over one sixty stores are available all over India.
Product Variety: They have premium product lines that even include imported foodstuffs like gourmet ones.
Spencer’s reputation for high standards and superb customer service distinguishes it within the upscale groceries segment.
7. Star Bazaar
Overview
Star Bazaar is an alliance between Tata Group and Tesco operating since 2004 offering Indian / international blended products. This brand is popular because of its large outlets and wide range of items that are mostly purchased by diverse Indian consumers. It is a singular shopping experience where Star Bazaar combines Tesco’s global retail expertise with Tata’s deep understanding of the Indian market.
Key Highlights
Revenue: Contributed to Trent Limited’s overall retail revenue of ₹4,200 crore (approximately $550 million) in 2023.
Store Presence: About fifty-five stores located in major cities.
Product Range: A collection of groceries, fresh fruits plus vegetables etc.
Star Bazaar partners with Tesco, offering local and international products for everyone.
Metro Cash and Carry
Overview
Metro Cash and Carry is a major global wholesaler, which launched operations in India in 2003. Metro Cash and Carry has its unique business-to-business (B2B) model, which serves small and medium-sized businesses, hotels, restaurants, caterers. The company focuses on bulk sales with competitive pricing to be the best choice for business owners who want high quality products at reasonable prices.
Key Highlights
Revenue: For the fiscal year 2023-2024, Metro Cash and Carry India reported a revenue of approximately ₹6,000 crore (around $800 million).
Market Presence: Operates more than 30 wholesale distribution centers located in key Indian cities like Bangalore, Mumbai, Delhi.
Product Range: Provides groceries such as vegetables and fruits or even the grocery store non-food stuffs like electronics office supplies etc., .
Customer Base: Primarily serves business customers such as retailers as well as bars/ pubs clubs.
Sustainability Initiatives: Focuses on sustainable sourcing and energy-efficient operations thereby making a contribution to environmental conservation.
Metro Cash and Carry’s B2B model and bulk sales approach make it a key player in the wholesale grocery market in India.
EasyDay
Overview
Easyday operates under Future Retail brand focusing on local convenience and accessibility through strong neighborhood presence. It aims to provide convenient shopping of everyday essentials primarily for small communities’ needs.
Key Highlights
Revenue: Contributed to Trent Limited’s overall retail revenue of ₹4,200 crore (approximately $550 million) in 2023.
Store Presence: Around 55 stores in major metropolitan areas.
Product Range: Offers a wide variety of products including groceries, fresh produce and household items among others.
EasyDay’s focus on convenience and accessibility makes it a popular choice for local grocery shopping.
Nature’s Basket
Overview
Nature’s Basket is owned by Godrej Group; it is a specialty gourmet retail chain that specializes in premium and imported products. Nature’s Basket has been in existence since 2005, serving the needs of high-end customers looking for quality organic and gourmet foodstuffs.
Key Highlights
Revenue: Contributes to Godrej Group’s overall revenue.
Store Network: Around 35 stores in major cities.
Product Range: Offers a curated selection of organic and gourmet foods.
Nature’s Basket’s emphasis on premium and imported products has made it a go-to destination for gourmet food enthusiasts.
Conclusion
The Indian grocery retail sector is characterized by a wide range of players with unique strengths and value propositions each bringing to the market. Reliance Fresh have many stores nationwide; some are specialized in natural products while others impose relatively lower prices, as witnessed with Patanjali. Through these top ten supermarkets, consumer shopping behavior has changed significantly in India from large-scale networked ones to low-cost models as well as those offering natural products.In light of technological evolution within the sector coupled with varying consumer tastes, these companies stand out at being the forefront of ensuring convenient ,high quality yet affordable grocery shopping experiences throughout India.
