Aditya Birla Retail's Future Plans for 'More Hypermarkets'

Aditya Birla Retail is planning to invest aggressively in the coming years. It plans to invest Rs 1800 crores ( $ 400 million) over the next 8 years to add substantial no of it’s ‘More’ Hypermarkets pan India. The company is planning addition of one store per month at an investment of Rs 20 crores ( $ 4.5 Million).

Aditya Birla Retail has currently
I. Supermarkets 632 Nos
II. Hypermarkets 6 Nos

Plans to increase ‘More’ Hypermarkets to 100
The minimum size of the Hypermarkets is 50,000 sq.ft whereas the supermarkets are around 2500 sq. ft in size.

The current Indian Retail sector is estimated to be $ 350 Billion and growing at 15% per annum.