Magnit is one of Russia’s leading food retail chains, number one by the amount of stores and geographical coverage.
The company operates in 5 thousand localities: about 20 million customers visit its stores every day. Magnit utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. As of June 30, 2026, the company had a total of 33,652 stores in 72 regions of Russia. The number of monthly unique customers reached 44.2 million.
Magnit is a unique company for Russian retail. Aside from commodity sale, it operates a private-label food production business. The company manages several plants for growing vegetables and production of dry food and confectionery. Magnit operates 13 manufecturing and seven agricultural sites, which are amongst the largest in Russia. Company’s logistics infrastructure includes 50 distribution centers and 8,558 trucks.
Magnit was founded in 1994 in Krasnodar, the Southern region of Russia, as a small regional company. Since then Magnit has evolved into one of the largest companies in Russia. PJSC Magnit shares are traded on the Moscow Exchange (MOEX: MGNT). According to the pre-IFRS 16 results for 1H 2026, Magnit's revenue amounted to RUB 1,887 billion, EBITDA — to RUB 96 billion.