Reliance Retail posts ₹3,563 cr profit, ₹98,232 cr record revenue
Business
Reliance Retail just posted a net profit of ₹3,563 crore for the March quarter, up slightly from last year, and hit its highest-ever quarterly revenue at ₹98,232 crore (that's a 10.8% jump).
Reliance Retail EBITDA rises, margins dip
EBITDA grew 3.1% to ₹6,921 crore, though margins dipped to 7.9%.
Mukesh Ambani credited their "deep omnichannel presence and its strong understanding of the Indian consumer."
The company opened 333 new stores (now over 20,000 in total), while Jiomart nearly doubled its customer base and hyperlocal commerce saw massive growth.
Reliance Consumer Products also doubled its FMCG revenue to ₹7,350 crore, with Campa becoming a top soda brand and jewelry sales getting a boost from rising gold prices.