Magnit
MMOEX:MGNT1,718.00
RUB
-32.00
(-1.83%)
ISIN
RU000A0JKQU8
Return %
Stock
S&P 500
1Y
-41.86
14.20
3Y
-70.58
81.12
5Y
-72.80
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Sluchevsky
- Full Time Employees
- 394,000
- Sector
- Retail trade
- Industry
- Food retail
- Address
- 15/5 Solnechnaya Street Krasnodar KD Russian Federation 350072
- IPO Date
- Apr 24, 2006
- Website
- magnit.com
- Similar Companies
- Business
- Public Joint Stock Company "Magnit" (PJSC Magnit) is one of Russia's leading food retailers, operating a multi-format chain of stores that includes convenience stores under the Magnit and Dixy brands, Magnit Family supermarkets, Magnit Extra superstores, Magnit Cosmetic drogerie stores, Magnit Pharmacy outlets, My Price soft discounters, V1 hard discounters, M City small shops, Magnit GO kiosks, Magnit Convenience Plus stores, and emerging e-commerce delivery services for groceries, express items, and pharmaceuticals via partnerships with Delivery Club and Yandex.Eats; the company also produces private-label foods through 13 manufacturing sites and seven agricultural facilities for vegetables, dry foods, and confectionery, supported by 55 distribution centers and extensive logistics. PJSC Magnit serves approximately 19 million daily customers across 32,589 stores in 4,756 localities throughout 72 regions of Russia, targeting everyday essentials, fresh produce, household goods, cosmetics, pharmaceuticals, and prepared foods for families in urban, suburban, and rural areas. Founded in 1994 and headquartered in Krasnodar, Russia, the company lists its shares on the Moscow Exchange under the ticker MGNT. In a major strategic expansion, PJSC Magnit acquired a controlling stake in premium retailer Azbuka Vkusa (City Supermarket LLC) in April 2025, adding 171 stores primarily in Moscow and St. Petersburg, along with production facilities, distribution centers, and online capabilities to strengthen its presence in the premium segment and prepared foods market. Earlier, in 2024, it gained approval to acquire a stake in Far East retailer Samberi, enhancing regional coverage. These moves complement ongoing multi-format growth and e-commerce pilots launched since 2020.