Reliance Retail Shines Amid Festive Boost: Stellar Sales Surge!

Reliance Retail Ventures Ltd (RRVL), led by Reliance Industries, reported an 8.75% revenue increase to Rs 90,333 crore and a 10% PAT rise to Rs 3,458 crore in the December quarter. Growth was driven by festive demand, expanding digital commerce, and innovative customer engagement initiatives, fortifying its market position.

Reliance Retail Ventures Ltd (RRVL), the retail division of Mukesh Ambani's Reliance Industries, announced an 8.75% rise in gross revenue to Rs 90,333 crore for the December quarter, thanks to a surge in festive demand. Profit after tax (PAT) increased by 10%, reaching Rs 3,458 crore, highlighting a robust performance during the festive period.

The company's operational revenue saw a 7% boost, reaching Rs 79,595 crore compared to Rs 74,373 crore in the previous year. Digital and new commerce channels contributed 18% to this revenue growth, underlining the company's emphasis on modern retail methods. Meanwhile, the pre-tax profit (EBITDA) climbed 9.45% to Rs 6,828 crore.

Notable achievements included the addition of 779 new stores, bringing the total to 19,102, and a 5% increase in footfall to 29.6 crore. The registered customer base grew to 33.8 crore, solidifying Reliance Retail's status as a leading retailer. The festive quarter saw strong growth in electronics, fashion, and grocery segments, boosted by new product launches and promotions.

(With inputs from agencies.)