Indian retail giant DMart is prioritising long-term growth through a massive store expansion strategy that is expected to delay its ability to generate significant cash in the short term, according to the CLSA India Weekender - ALL THINGS INDIA report.
The growth trajectory of quick commerce is underscored by key players such as Zomato's Blinkit, Zepto, and Swiggy Instamart, which are set to reach USD 10 billion in gross order value by FY26.
This optimistic outlook aligns with the Reserve Bank of India's (RBI) latest monetary policy report, which predicts a robust growth rate of 7.2 per cent for India in the fiscal year 2025.
In response, CLSA has made a strategic shift in its India focus portfolio, replacing L&T with HCL Tech, and turning more defensive by favouring private banks, IT, insurance, and commodities.