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Competitive and margin pressures likely to cap upsides for DMart
Devangshu Datta Mumbai
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The Street reacted negatively to Avenue Supermarts' (DMart) Q1FY26 pre-quarter update, with the stock down over 1 per cent at close. The standalone revenue of Rs 15,930 crore was up 16.2 per cent year-on-year (Y-o-Y) but was below analysts' estimates. On a quarter-on-quarter (Q-o-Q) basis, growth was 10.2 per cent.
Net store additions stood at nine in the quarter, versus six in Q1FY25 and 28 in Q4FY25. The total store count reached 424. The same-store growth rate was around 3-4 per cent, while the implied or estimated operating profit margin was just below 8 per cent, compared to 8.7 per
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Indian Express
11 minutes ago
- Indian Express
‘I reached Rs 1 cr net worth before turning 26, but stress broke me': Bengaluru techie says he ‘lost hair, drank alcohol'
A Reddit post by a young tech professional has sparked a lively discussion online after he revealed that he built a net worth of Rs 1 crore within just four years of starting his career. In his post, the 25-year-old explained how he reached the milestone shortly before his 26th birthday. 'I reached 1 crore net worth, across equity (Indian + US), MFs (Indian), deposits and money at hand at the age 25. It was shortly before I turned 26, but my aim was to reach that at 25. So that's a target achieved I guess,' he wrote. The poster, an IIT graduate from a middle-class background, credited the 'IIT tag' for opening doors in his career. While financial stability has allowed him to live comfortably, from eating healthy and staying fit to pursuing hobbies, he admitted that it has also changed his relationship with money. 'I can splurge (read 'waste') money, without much consequences. I have games on my PS5 worth tens of thousands that I haven't played for more than 30 mins… I fly premium economy most of the time, and get business class upgrades 1-2 times a year,' he shared. But alongside the perks, he was candid about the hidden costs of achieving the goal. 'While the financial freedom spoils you, the stress from work is extremely high. Quite literally, it breaks you down. I have lost hair, lost weight, at times drank alcohol very frequently just to cope with it. In my defense, I am taking better care of myself now.' Reached 1 crore net worth at 25. All self made as a salaried employee by u/confused_aatma_999 in Indian_flex The thread soon went viral, with Redditors offering both praise and caution. One user wrote, 'Please do not drink alcohol alone when you are stressed… Someone I know lost his life because of alcohol addiction. If you are stressed, go out with friends or work out, and limit alcohol intake as a stress buster (especially alone).' Another user pointed out, 'You are probably not reaching 10 million from a job in India anytime soon… First reach a million. You will understand that it is not as easy.' Another added the reality check: 'Sad part is, you can't even buy a decent 2BHK with 1 cr in Bangalore. Loan is the only way.' Some also encouraged him to think about giving back. When asked about philanthropy, the techie admitted he hasn't done much yet, but has considered sponsoring education or medical treatments in the future. 'Giving away money still feels hard, apart from the small stuff like tipping and all,' he said, while adding that he has made small contributions, including donations to Wikipedia and a dog rescue initiative.
Indian Express
11 minutes ago
- Indian Express
Ban on real money games, penalties for endorsements, warrantless searches: What India's gaming Bill says
India's government is preparing to take aim at the lucrative yet controversial world of real-money online gaming, with a new Bill that could see sweeping bans and harsh penalties for both platforms and their celebrity promoters. The move—framed as a response to mounting national security worries and social harms—is a striking reversal from previous pro-industry overtures. At the heart of the proposed law are blanket prohibitions on online money games, multi-crore fines and potential jail sentences, as officials attempt to rein in an industry increasingly accused of fuelling money laundering, addiction and law evasion, even as it hurtles towards a projected $9 billion market by 2029. The Promotion and Regulation of Online Gaming Bill, 2025, which was shared with Members of Parliament late Tuesday night and is expected to be introduced in Parliament Wednesday, has been drafted over national security concerns related to online gaming platforms, including the use of digital wallets and cryptocurrencies for money laundering and illicit fund transfers, these platforms serving as potential messaging and communication grounds for terror organisations, and offshore entities circumventing Indian tax and legal obligations, among others. The Bill, in its current version, is a sharp departure from just about two years ago, when in April 2023, the IT Ministry had introduced rules for online gaming, which were largely seen as pro-industry. However, those rules proved difficult to implement due to potential conflict of issues, as the rules envisioned creating a self regulatory structure, which could have been influenced by the industry. As such, they remained stuck in limbo, even as national security and socio-economic concerns due to such platforms gained traction. What's at stake: hard numbers If the Bill is implemented in its current form, it will be a death blow to the online real money gaming industry, which is projected to be a $9 billion market by 2029. The industry also faces a 28 per cent Goods and Services Tax (GST), with proposals to increase the rate to as high as 40 per cent. The online gaming industry is a sunrise sector in the country, with a collective enterprise valuation of over Rs 2 lakh crore. Official data shows GST revenues jumped sharply after the Council's decision in July 2023 to impose a uniform 28 per cent levy on online gaming, horse racing and casinos with effect from October 1, 2023. Union Finance Minister Nirmala Sitharaman had said last September that revenue from online gaming 'increased by 412 per cent and reached Rs 6,909 crore in just six months… from Rs 1,349 crore before the notification issued on online gaming'. As per the industry, it pays over Rs 20,000 crore annually in direct and indirect taxes. The sector has attracted foreign direct investment of over 25,000 crore till June 2022, and currently supports over 2 lakh direct and indirect jobs. According to a report by FICCI and EY from March 2025, online gaming companies in India collectively earned a revenue of close to $2.7 billion in 2024. These companies typically make money by taking a cut from a user's winnings. As per the report, more than 155 million Indians engaged with real money gaming sub-segments such as fantasy sports, rummy, poker and other transaction-based games in 2024, marking a 10 per cent increase over 2023. On an average, around 110 million people played these games daily. In a letter to the Home Ministry late Tuesday night, three major gaming industry associations – the E-Gaming Federation (EGF), All India Gaming Federation (AIGF) and Federation of Indian Fantasy Sports (FIFS) – said that the blanket prohibition will 'strike a death knell for this legitimate, job creating industry, and would cause serious harm to Indian users and citizens'. Congress MP Karti Chidambaram said that the law has been introduced without industry consultation, and risks driving financial transactions offshore and pushing users toward the dark web. He has called for the Bill to be referred to a select committee. Highlights of the Bill As per the current version of the draft law, the government will prohibit any person from offering online games in India, failing which they could be imprisoned for up to three years, and penalised Rs 1 crore. Those promoting such platforms, such as social media influencers, will also face jail time of two years, and a penalty of Rs 50 lakh. The government will also prohibit banks and financial institutions from facilitating financial transactions on such platforms. The Bill applies to all online money gaming platforms irrespective of whether they are games of skill or chance, a distinction the industry had lobbied hard for in the past. An 'online money game' has been defined as a service played by a user by paying fees, depositing money or other stakes in expectation of winning which entails monetary and other enrichment in return of money or other stakes; but shall not include any e-sports. This is an expansive definition, and is likely to cover all major gaming platforms like Dream11, Winzo, MPL etc. The government, though, is viewing competitive e-sports and game development as crucial drivers of the online gaming industry in the country, and via the proposed law, is keen to promote them. As such, it wants to recognise e-sports as a legitimate form of competitive sport in the country. The government will also help in the creation of platforms or programmes to support game development and distribution. The Bill has envisioned the creation of a central authority to promote competitive e-sports, while ensuring overall compliance with the law. The Centre will recognise, categorise and register 'online social games' with the authority and facilitate the development and availability of such games for recreational and educational purposes. These may have an option to accept payment in the form of a subscription fee or access fee, as long as it is not in the form of a stake or wager. Similar to the approach the government has taken in its recent Income Tax Bill on digital search and seizures, the online gaming Bill too allows for authorised officials to carry out search operations at physical and virtual places, even without a warrant. '…any (authorised) officer…may enter any place, whether physical or digital, and search and arrest without warrant any person found therein who is reasonably suspected of having committed or of committing or of being about to commit any offence under this Act,' the Bill said. 'Any place' includes any premises, building, vehicle, computer resource, virtual digital space, electronic records or electronic storage devices and the authorised officer can gain access to such computer resources by overriding any access control or security code. Key reasons for Central control: national security, socio-economic harm The Bill said that the unchecked expansion of online money gaming services has been linked to 'unlawful activities including financial fraud, money-laundering, tax evasion, and in some cases, the financing of terrorism, thereby posing threats to national security, public order and the integrity of the State'. The need for such a law arises from the 'deleterious and negative impact of online money games on the individuals, families, society and the nation and given the technical aspects including the very nature of the electronic medium used for online money games, the algorithms applied and the national and transnational networks,' it added. The parallel proliferation of online money games accessible through mobile phones, computers and the internet, and offering monetary returns against user deposits has led to 'serious social, financial, psychological and public health harms, particularly among young individuals and economically disadvantaged groups,' it said, adding that such games often use 'manipulative design features, addictive algorithms, bots and undisclosed agents, undermining fairness, transparency and user protection, while promoting compulsive behaviour leading to financial ruin'.
Time of India
13 minutes ago
- Time of India
Shreeji Shipping IPO Grey Market Premium (GMP) Today
Shreeji Shipping Global is the flagship entity of the Shreeji Group, primarily operating along India's west coast with a strategic focus on non-major ports and private jetties. Shreeji Shipping Global IPO was subscribed 2.78 times on Day 2 so far, led by strong retail and NII demand, while GMP held at 11%. The Rs 411-crore issue, priced at Rs 240-252 per share, closes August 21 with listing set for August 26. Tired of too many ads? Remove Ads Shreeji Shipping Global Subscription Status: Shreeji Shipping Global IPO Price Band and Other Details Tired of too many ads? Remove Ads Purpose of the Issue Financial Highlights Company Overview and Market Outlook Tired of too many ads? Remove Ads Should you subscribe? As per the latest update on Wednesday, the Shreeji Shipping IPO is commanding a grey market premium (GMP) of Rs 27, indicating a potential listing price of approximately Rs 279 — about 11% higher than the issue price. While the GMP reflects positive investor sentiment, it is an unofficial indicator and should not be taken as a definitive forecast of the listing price, as it can fluctuate prior to the stock's of 10:30 AM on Day 2, the IPO had received an overall subscription of 2.78 times. Retail Individual Investors (RIIs) had subscribed to 2.93 times their allocated quota of 57.04 lakh shares. Non-Institutional Investors (NIIs) showed strong interest, subscribing 4.60 times the 24.44 lakh shares reserved for them. Qualified Institutional Buyers (QIBs) placed bids for 1.14 times the 32.59 lakh shares allotted to this Shipping Global Ltd, a growing player in dry bulk cargo logistics, launched its Rs 411-crore initial public offering (IPO) with a price band fixed between Rs 240 and Rs 252 per the subscription window open between August 19 and 21, Shreeji Shipping's shares are expected to list on stock exchanges on August Shreeji Shipping IPO is a pure fresh issue, offering 1.63 crore equity shares with no offer-for-sale (OFS) component, meaning all proceeds will directly benefit the company. At the upper end of the price band, Shreeji Shipping aims to raise the full Rs 411 company has reserved 50% of the issue for Qualified Institutional Buyers (QIBs), 35% for retail investors, and the remaining 15% for Non-Institutional Investors (NIIs).Shreeji plans to utilise Rs 251.2 crore to acquire Supramax-category dry bulk carriers from the secondary market, a strategic move to expand its fleet and operational capacity. Additionally, Rs 23 crore will be allocated for debt repayment to strengthen the company's balance the financial year ending March 31, 2025, Shreeji Shipping Global reported revenues of Rs 610 crore, down 17% year-on-year from Rs 736.17 crore in the revenue decline, profitability improved significantly, with Profit After Tax (PAT) rising 13.4% to Rs 141 crore in FY25 from Rs 124 crore in FY24. EBITDA also saw a modest increase of 1.4%, reaching Rs 200 crore in FY25 compared to Rs 197.89 crore the previous year, reflecting strong operational efficiency amid lower top-line in Jamnagar, Gujarat, Shreeji Shipping Global is the flagship entity of the Shreeji Group, primarily operating along India's west coast with a strategic focus on non-major ports and private to a Dun & Bradstreet report, India's port cargo volume is expected to grow at a CAGR of 10.8%, increasing from 1,540 million metric tonnes (MMT) in FY24 to 2,849 MMT by FY30. Ports in Gujarat are projected to outpace this growth, expanding at 17.5% annually and nearly doubling cargo volume from 317.2 MMT in FY24 to 720 MMT by 12 major ports and 217 minor ports along its extensive 7,500-km coastline, India offers immense opportunities—particularly for companies like Shreeji that focus on the 78 active non-major ports handling Capital Advisors Pvt Ltd and Elara Capital (India) Pvt Ltd are the book-running lead managers for this Rathi's research report highlights Shreeji Shipping Global Limited as a prominent and well-established player in the integrated shipping and logistics sector in time, Shreeji Shipping has built a strong foothold in cargo handling operations, with a particular focus on the dry bulk cargo segment, according to the brokerage firm. Its operational capabilities are further strengthened by the ownership and management of its own fleet, which significantly enhances the company's reliability, efficiency, and overall service quality for its customers. At the upper price band, the company is valued at a price-to-earnings (P/E) ratio of 28.5 times based on its FY25 earnings. Additionally, its enterprise value to EBITDA (EV/EBITDA) stands at 21.4 times, with a market capitalisation of Rs 41,055 million following the issuance of equity shares. Given these valuations, the IPO appears fully priced. Therefore, Anand Rathi recommends a 'Subscribe – Long Term' rating for investors considering this offering.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
