Latest Radhakishan Damani Portfolio & Shareholdings

Radhakishan Damani, also known as “Retail King of India”, is the founder of D-Mart, India’s leading retail chain. Apart from being a successful entrepreneur, Radhakishan Damani has built a reputation as a strategic investor in the Indian stock market. As of April 2026, Radhakishan Damani’s portfolio comprises 12 publicly disclosed stocks and 9 active stocks with a combined value of nearly ₹198,327.8 cr. Radhakishan Damani’s portfolio shows his preference for diversified long-term investments in fundamentally strong stocks. In this article, we will explore his investment portfolio, focusing on his major holdings, asset allocation, and investment strategies.

List of Stocks in Radhakishan Damani Portfolio 2026

Radhakishan Damani’s 2026 portfolio includes stocks in the following companies.

Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Who is Radhakishan Damani?

Radhakishan Damani is an Indian billionaire investor and businessman who founded Avenue Supermarts Ltd., the parent company of D-Mart.

Radhakishan Damani was born in Mumbai in 1955 and, after his father’s passing, overcame humble beginnings to pursue a career in the stock market. He gained popularity by profiting from short-selling stocks in the 1990s and became a major shareholder of HDFC Bank. In 2002, he established D-Mart, a supermarket chain with over 300 stores in India.

Here are some of the awards and recognitions that Radhakishan Damani has received:

• Padma Bhushan, the third-highest civilian award in India (2018)
• Ernst & Young Entrepreneur of the Year Award (2017)
• Forbes India Business Leader of the Year Award (2016)
• Economic Times Businessman of the Year Award (2015)

Overview of Radhakishan Damani Holdings 

Here is the overview of the top Radhakishan Damani holdings:

• Avenue Supermarts Ltd: Avenue Supermarts, the parent company of D-Mart, operates a successful retail chain offering a wide variety of products. It has become a big player in India’s retail market, known for its affordability and quality.
• VST Industries Ltd: VST Industries holds a leading position in the tobacco industry, and it specialises in the manufacturing of cigarettes and other tobacco products. The company is known for its strong market presence and high-quality products.
• 3M India Ltd: 3M India Ltd is a subsidiary of 3M Company, USA, and operates across four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. 
• United Breweries Ltd: United Breweries Ltd is an India-based company engaged in the manufacturing, purchasing and selling of beer and non-alcoholic beverages. It operates through two segments: Beer and Non-Alcoholic Beverages, with beer accounting for the majority of its revenue.
• TSF Investments Ltd: TSF Investments Ltd (formerly Sundaram Finance Holdings Ltd) is an exempted core investment company and a subsidiary of Sundaram Finance Ltd, part of the TSF Group. The company primarily focuses on strategic investments in the auto component and manufacturing sectors, along with fintech and financial services enablers.

Sector-Wise Breakdown of Radhakishan Damani Portfolio 

RK Damani’s portfolio spans multiple sectors, with holdings concentrated across retail, tobacco, industrial manufacturing, beverages, finance, logistics, chemicals, hospitality, education and utilities.

• Retail: Retail remains the dominant sector in his portfolio, driven by his holding in Avenue Supermarts Ltd, the company behind D-Mart, valued at ₹1,95,682.1 cr. This single holding accounts for the bulk of his total portfolio value. 
• Tobacco: Tobacco is the second-largest sector allocation, represented by his 29.1% stake in VST Industries Ltd, valued at ₹1,177.5 cr.
• Industrial and Manufacturing: Industrial and Manufacturing exposure comes through 3M India Ltd, a diversified conglomerate operating across safety, electronics, healthcare and consumer segments. His holding in the company is valued at ₹524.1 cr.
• Beverages: Beverages is represented by United Breweries Ltd, the maker of Kingfisher and other beer brands, with a holding valued at ₹477.9 cr.
• Finance: Finance exposure comes from TSF Investments Ltd (formerly Sundaram Finance Holdings), a core investment company focused on the auto component and manufacturing sectors, with a holding of ₹163 cr.
• Logistics: Logistics is represented by Blue Dart Express Ltd, one of India’s leading express delivery companies, valued at ₹145.7 cr.
• Chemicals: Chemical sector exposure spans two companies: Bhagiradha Chemicals and Industries Ltd and Mangalam Organics Ltd.
• Hospitality: Hospitality is represented by Advani Hotels and Resorts (India) Ltd, valued at ₹21 cr, while Education exposure comes through Aptech Ltd at ₹15.5 cr. Utilities rounds out the portfolio through BF Utilities Ltd, valued at ₹18.7 cr.

Radhakishan Damani Net Worth Trend

Radhakishan Damani’s net worth is estimated at around ₹1,69,974.91 cr in 2026, based on the latest portfolio data. The figure is down by 12.6% in the latest reported period.

His portfolio has changed significantly over the last decade. In 2015, the value was much lower. It later crossed ₹2 lakh cr and peaked in 2021. The portfolio touched the ₹2 lakh cr mark again in 2024. However, growth has not been steady every year. It saw a sharp correction in 2022 and continued to move up and down during 2025 and 2026.

Avenue Supermarts Ltd (D-Mart) makes up the biggest part of his disclosed portfolio. He also holds investments in companies such as VST Industries, United Breweries and Sundaram Finance.

The recent fall has reduced the portfolio value, but it is still much higher than it was ten years ago. The overall increase points to the long-term growth of his listed equity investments.

Radhakishan Damani Stocks Sold in 2026

As per the latest 2026 shareholding data, Radhakishan Damani reduced his stake in Avenue Supermarts Ltd, the operator of D-Mart, by 0.01 percentage points. Despite this marginal reduction, Avenue Supermarts remains the largest holding in his publicly disclosed equity portfolio.

Radhakishan Damani Investment Strategy

Radhakishan Damani’s investment approach has largely centred on established companies and businesses he has held over time. His disclosed portfolio also shows that he does not spread his money evenly across every sector. Some holdings account for a much larger share of his investments than others.

• Avenue Supermarts Remains a Major Holding: Avenue Supermarts is by far the most prominent name in Damani’s disclosed portfolio. In June 2026, he held approximately 57.59% through tracked entities. With such a large stake, the retail business’s performance is closely tied to the value of his equity holdings.
• A Preference for Holding Established Companies: Damani has continued to hold companies including VST Industries, United Breweries and Avenue Supermarts across several reporting periods. The portfolio has not seen frequent movement across these established businesses. This suggests a preference for holding selected companies longer rather than making regular portfolio changes.
• Strong Presence in Consumer-Facing Businesses: A number of his major investments operate in consumer markets. Avenue Supermarts operates in organised retail, while VST Industries and United Breweries give him exposure to tobacco and beverages. Distribution, brand recognition and recurring consumer demand all play a role in these businesses and their revenues.
• Adding to Sundaram Finance: The June 2026 quarter also brought a notable addition to the portfolio. Damani and his family acquired approximately 2.4% of Sundaram Finance. The holding was valued at around ₹1,184 cr. This increased their disclosed presence in the non-banking financial services space.
• Investments Extend Beyond Retail: Retail may be closely associated with Damani’s portfolio, but his investments cover several other industries as well. His holdings also include financial services, hospitality, chemicals, and industrial businesses. Sundaram Finance, Advani Hotels and 3M India are examples of companies that add these different areas to the portfolio.
• Only a Small Change in Avenue Supermarts: The latest reported period brought a 0.01 percentage point decline in Damani’s Avenue Supermarts holding. That change was small compared with the size of his overall stake. He still holds a substantial stake in the retail company.

Learnings from Radhakishan Damani Portfolio Analysis

Radhakishan Damani’s portfolio is heavily centred on D-Mart, alongside smaller investments in retail, finance, hospitality and other businesses. Here are a few observations from his publicly disclosed holdings.

• A Large Bet on D-Mart: Avenue Supermarts accounts for the bulk of Damani’s listed equity wealth. Its share price movements therefore have a much bigger impact on his portfolio than those of his smaller holdings.
• Staying Invested: Damani has held companies such as VST Industries, United Breweries and Avenue Supermarts for years. His portfolio shows that he does not frequently exit businesses simply because market conditions change.
• Different Sources of Income: D-Mart earns through retail sales, while Sundaram Finance generates income from lending. Both operate in different markets, so their earnings depend on different factors.
• Wealth Can Fluctuate: Damani’s disclosed portfolio value fell 12.6% to ₹1,69,974.91 cr in 2026. Even with large, established companies in his portfolio, stock price changes can significantly affect his wealth.
• Not Every Sale Is a Major Exit: Damani reduced his Avenue Supermarts stake by just 0.01 percentage points. Given his substantial remaining ownership, this was a small change rather than an exit.
• Number of Stocks Isn’t Everything: Damani holds around 12 publicly disclosed stocks, but Avenue Supermarts accounts for most of their combined value. His portfolio shows how allocations can remain concentrated despite investments across several sectors.

To Wrap It Up

Radhakishan Damani’s portfolio reflects a thoughtful approach to investing, focusing on sectors with strong growth potential. However, remember that following someone else’s strategy doesn’t guarantee success. Always do your research and consider your own financial goals and risk tolerance before investing. If you’re looking for a guided approach, you can explore ready-made model portfolios on smallcase created by SEBI-registered experts based on various themes and sectors.

Frequently Asked Questions About the Radhakishan Damani Portfolio

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