News

Stores

Staff Reporter

, India

Published:

1 year ago

Source: Matheus Cenali (Pexels)

Reliance Retail net profit grows by 12%

Its net profit amounted to INR2,415 crore.

Reliance Retail reported its net profit grew by 12.9% year-on-year to INR 2,415 crore in the fourth quarter of fiscal year 2023.

Over the same quarter, Reliance Retail reported its revenue went up by 19.4% YoY to 69,267 crore. This was led by its Grocery, Consumer Electronics, and Fashion & Lifestyle.

“Reliance Retail delivered a robust performance with another year of strong revenue growth and profit performance,” the report read.

Moreover, the quarter also saw Reliance Retail’s highest footfall at 219 million across formats.

The company also opened 966 new stores.

Follow the link for more news on

Reliance Retail

Also Read

Sotheby’s opens new maison in Hong Kong

Tuan Sing and Mitsubishi Estate open Indonesia’s first int'l luxury outlet mall

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Sotheby’s opens new maison in Hong Kong

It features immersive exhibitions and retail across art, luxury, and collectibles.

Stores

1 day ago

Alexander Pollich named CEO of Porsche China

He will now oversee Porsche's crucial Chinese market.

2 days ago

6 in 10 brand manufacturers invest in retail media networks

Nearly 70% highlighted enhanced consumer targeting as a major benefit.

3 days ago

58% of consumers use devices for food purchases

Consumers are spending less time cooking at home, opting for faster and more convenient food options.

E-commerce

3 days ago

Exclusives

The Coffee Bean & Tea Leaf balances quality and convenience through retail products

It expanded its product range, including a variety of single-origin coffees tailored to different roast preferences.

Stores

4 days ago

KCG masters brand positioning for Indonesia’s premium segment

It adopts the latest tech-based solutions to better manage 92 retail stores across 20 cities in Indonesia.

Here’s why luxury brands are increasing AI investments

The sector has invested over $360m in AI over the past three years.

Fashion

Bacha Coffee masters sensory-rich retailing in Jakarta

Blending heritage and luxury, Bacha Coffee Plaza Senayan immerses Indonesian coffee lovers into a unique experience.

Event News

Retail Asia Awards 2024 Winner: Jim Thompson (The Thai Silk Company Limited)

Frank Cancelloni, Group CEO of Jim Thompson, highlights the Jim Thompson Heritage Quarter that features a museum about Jim Thompson, an exhibition about their fabrics, an Art Center, and a fashion show with 42 looks.