Aditya Birla Retail (ABRL) is planning to open 10 hypermarkets and up to 100
supermarkets during the current fiscal 2010-11. The Aditya Birla Group runs its
retail business under the brand-name 'More'.
The hypermarkets are likely to come up in existing metros like Delhi,
Bangalore, Hyderabad and Mumbai, while the supermarkets are to come up in tier
II cities. While the estimated investment per hypermarket is to be around Rs 16
crore, it will be Rs 40 lakh per supermarket.
Presently, ABRL has 540 supermarkets and six hypermarkets.