Reliance Retail Q3's gross revenue rises 23 per cent to Rs 83,063 crore from a year earlier, driven by grocery, fashion and lifestyle and consumer electronics businesses
Reliance Industries retail arm, Reliance Retail Ventures Ltd, reported a 32 percent increase in net profit from a year earlier to Rs 3,165 crore in the quarter ended December on record quarterly revenue.
Gross revenue rose 23 percent to Rs 83,063 crore from a year earlier, driven by grocery, fashion and lifestyle and consumer electronics businesses.
“The retail segment has also delivered an impressive financial performance with its rapidly expanding physical as well as digital footprint. Reliance Retail remains focused on enriching customer shopping experience by adding new brands and offerings to its portfolio,” Chairman Mukesh Ambani said in a statement on January 19.
(This is a developing story. Please check back for more details)
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