DMART ACHIEVES 500 STORE COUNT MILESTONE

added 58 stores this quarter taking the total store count to now 500. This acceleration signals a broader strategy shift of stepping up expansion, particularly in the underpenetrated northern market. The rapid store openings also highlight that the management stood firm to their guidance. Additionally, a reduction in the GST rate has spurred consumption and indirectly supported discretionary spending. In the last one month, the company's stock price has surged over 25%. Apart from store expansion, the overall improving consumer demand, supported by stable macroeconomics, is expected to further support these initiatives and drive growth in high-margin general merchandise and apparel categories.