Reliance Retail posts ₹3.7L/cr revenue up 11.8%, IPO timing unclear
Reliance Retail just wrapped up a strong year, pulling in ₹3.7 lakh crore in revenue, up 11.8%. Profits and EBITDA also climbed, and its customer base now stands at a massive 387 million, thanks to steady growth in both stores and online.
Even with these numbers, Chairman Mukesh Ambani didn't drop any hints about when the much-awaited Reliance Retail IPO might happen.
Reliance prioritizes Jio IPO before retail
Recent reports suggest Reliance is prioritizing the proposed Jio IPO before taking the retail business public: it's set to be India's biggest IPO yet.
Meanwhile, analysts say Reliance Retail remains one of the country's most valuable unlisted companies.
Despite some margin pressures flagged by experts due to rising costs, Ambani said retail was the founding philosophy of the business.