, India
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.

Read more: Reliance Retail enters Indian footwear market with V Retail acquisition

“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

Join Retail Asia community
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!