The case study analyses the competitive scenario of the retail industry in India in 2021. It provides a detailed examination of the turbulence in the retail space due to the acquisition of Future Group’s retail business by Reliance Retail, which displaced DMart from its market leadership position. Before the acquisition, DMart, a retail chain of hypermarkets operated under Avenue Supermarts Ltd, was the largest retailer in India. The case describes the dilemma DMart’s CEO, Neville Noronha, faced in enduring the competition in offline and online retail while retaining its present competitive advantages. This case uses secondary data to examine the retail industry dynamic and DMart’s aspirations, positioning, and strengths. It also analyses the challenges that DMart might face on its path to regaining its position and catching the pace of change in the retail industry.