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The company’s consolidated gross revenue came in at Rs 84,171 crore, a 11 percent rise from Rs 75,615 crore in the corresponding quarter of the previous year.
Reliance Retail Q1 Results.
Reliance Retail, the retail arm of Reliance Industries Ltd, reported a 28 percent increase in its fiscal first quarter profit as it expanded its store network and consumer brand businesses.
Net profit rose to Rs 3,271 crore for the quarter ended June 30 from Rs 2,549 crore in the same period last year, the company said on July 18.
The company’s consolidated gross revenue came in at Rs 84,171 crore, a 11 percent rise from Rs 75,615 crore in the corresponding quarter of the previous year. On a quarter-on-quarter basis, revenue declined 5 per cent from Rs 88,620 crore in the March quarter.
Retail revenue was projected to rise 20.8 percent year-on-year and 3.1 percent quarter-on-quarter to Rs 91,380 crore, with an EBITDA margin of 7.6 percent, according to Moneycontrol survey of nine analysts.
Its EBITDA margin rose 20 basis points to 8.7 per cent from 8.5 per cent in the same quarter last year.
“Reliance Retail delivered resilient performance during this quarter driven by our relentless focus on operational excellence, geographical expansion and sharper product portfolio. Our continued investments in cutting-edge technologies and differentiated product offerings have enabled us to serve our customers better and scale with agility,” said Isha Ambani, Executive Director, Reliance Retail Ventures Ltd.
Reliance Retail has a presence across diverse categories including electronics, groceries, apparel, footwear, jewellery, eyewear, pharmaceuticals, and handicrafts. It operates stores under well-known brands like Reliance Fresh, Reliance Digital, Trends, and MyJio.
“Business continued to focus on expanding non-apparel categories like footwear, beauty and personal care and accessories to offer wider choices to customers,” RRVL said in a statement.
With its store footprint now stable, the company is focusing on high-growth segments such as premium, quick commerce, and consumer brands as it sharpens its focus on profitability and deeper market penetration.
Total store count stood at 19,592 stores in Q1, up 3.6 percent from a year earlier. Since the March quarter, the company has added 252 stores.
Reliance Retail’s registered customer base grew 13.3 percent from a year earlier to 358 million, while total transactions rose 16.5 percent to 389 million.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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