India will see more supermarkets and hypermarkets from Aditya Birla Retail, as the company is all set to ramp up its its expansion across the country
“Our rollout strategy is dependent on our ability to execute. We are planning to launch more stores,” Sumant Sinha, chief executive officer of the company, said on the sidelines of the company’s press meet.
However, he did not disclose the number of stores and the investment that the company has earmarked for expansion.
Currently, the company operates two formats—supermarkets and hypermarkets—under the `More’ brand. There are around 500 More supermarkets and two More hypermarkets at present.
Part of the diversified conglomerate Aditya Birla Group, the company has invested over two billion dollars in the retail operations.