regional supermarkets Archives - Business of Food https://www.businessoffood.in/tag/regional-supermarkets/ Latest Food News, Food Industry News & Business Update Fri, 24 Nov 2023 12:28:09 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 https://www.businessoffood.in/wp-content/uploads/2024/01/cropped-Food-in-32x32.png regional supermarkets Archives - Business of Food https://www.businessoffood.in/tag/regional-supermarkets/ 32 32 227603187 Ratnadeep: South India’s fastest-growing supermarket chain https://www.businessoffood.in/ratnadeep-south-indias-fastest-growing-supermarket-chain/ Fri, 24 Nov 2023 12:28:08 +0000 https://businessoffood.in/?p=943 Embarking on its food and grocery supermarket journey in 1987 – when it opened its first store in the city of Hyderabad – Ratnadeep today ranks amongst the most credentialed and fastest-growing regional supermarket chains in India, with a footprint spanning over 4,50,000 sq.ft. Across 150 plus stores operating in Hyderabad, Secundrabad, Guntur, and Bengaluru. […]

The post Ratnadeep: South India’s fastest-growing supermarket chain appeared first on Business of Food.

]]> Embarking on its food and grocery supermarket journey in 1987 – when it opened its first store in the city of Hyderabad – Ratnadeep today ranks amongst the most credentialed and fastest-growing regional supermarket chains in India, with a footprint spanning over 4,50,000 sq.ft. Across 150 plus stores operating in Hyderabad, Secundrabad, Guntur, and Bengaluru.

STORE HIGHLIGHTS

Retailer/ Brand Name: Ratnadeep
Launch Year: 1987 – First store in Hyderabad
Company Headquarters: Hyderabad
Parent Company: Ratnadeep Retail Private Limited
Key Executives: Sandeep Agarwal, Managing Director; Manish Bhartiya, Director; Yash Agarwal, Director; Mitesh Bhartiya, Director
Store Count: 150+
Total Retail Area: 4,50,000 sq.ft.+
Average Size of Stores: 4,000 sq.ft.

KEY SPECS

Ownership Model of Stores: Lease; Rentals
Retail Format: 3 Store Formats — Ratnadeep Supermarket; Ratnadeep Select (large format stores); Ratnadeep Express (A pick & go format store neighborhood store)
Geographical Area of Store Operations: South India — Telangana, Karnataka, Andhra Pradesh; Across cities of Hyderabad, Secundrabad, Guntur, Bengaluru
Major Product Categories: Fruits & Vegetables; Dairy Products; Frozen Foods; Beverages; Cleaning & Sanitation; Groceries; Health & Beauty; Imported Foods; Instant Foods; Ready Foods

PERTINENT NUMBERS

Average Bill Value/ Ticket Size: Rs.800
SKU Count in Stores: 18,000+
Average Daily Footfall: 950
Customers served per month: 12 lakh+
Number of Employees: 4,500+ (70% women)
Annual Revenue: Rs. 1,400 crore in FY21-22 (estimated)
Future Plans: Expand the footprint by opening multiple format stores across new locations; Open 200 stores by 2023.

The post Ratnadeep: South India’s fastest-growing supermarket chain appeared first on Business of Food.

]]> 943