Magnit, Russia’s second-largest supermarket chain, said today (17 July) that revenues soared 54.5% during the first half of the year as it continued to expand its store network.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The company posted net sales of US$1.6bn after a period in which it opened 116 new stores to bring its total number of outlets to just over 2,000.


Like-for-like sales – excluding new store openings – jumped 22.9% during the first half, Magnit said.

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact