INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Reliance Retail on Friday reported a more-thanthreefold jump in profit before depreciation, interest and tax (PBDIT) for the
The retail unit of Reliance Industries reported a ₹1,206 crore PBDIT for the three months through June, compared with ₹398 crore a year
earlier.
Revenue more than doubled to ₹25,890 crore from ₹11,571 crore.
Rapid store expansion along with superior customer value
proposition across all consumption baskets supported revenue growth, it said in a press release
Reliance Retail has now reach across more than 5,200 towns and cities, with 8,533 stores including 4,530 Jio Points, it added.
“Our
consumer businesses continue to scale new highs and now account for nearly 21% of consolidated segment EBITDA
Retail business revenues have more than doubled and EBITDA has trebled on a Y-o-Y basis,” Reliance Industries chairman Mukesh Ambani said
in the press release.
During the quarter, Reliance Market opened two new stores in Dankuni and Kolkata and launched own branded products
across staples, luggage, disposables and stationary categories
Trends Woman has now expanded to 23 stores in 12 cities
Reliance Retail has now launched its first Trends Man store at Vijayawada in the past quarter, the company said.
Reliance Brands expanded
its presence in the expectant mother and in the category for children by acquiring the Mothercare India business from DLF Brands.
