Upgraded – April 22, 2024 at 09:02 PM.
Registered consumer base was at 304 million at the end of the year, up 22.2 percent year on year
Dependence Retail reported a 11.7 percent development in net revenues for the 4th quarter ended March 31, 2024, to 2,698 crore compared to 2,415 crore in the exact same duration in 2015. The earnings is lower than the 3rd quarter, when the business reported a revenue of 3,165 crore.
Mukesh Ambani, Chairman, RIL stated, “Reliance Retail continued to offer clients limitless options through its robust omni-channel existence. We continue to use item distinction and exceptional offline experience through shops redesigning and revamping of designs. Our digital commerce platforms likewise offer more recent options to users with a broad brand name brochure. Dependence Retail likewise works towards reinforcing countless merchants through its distinct efforts in brand-new commerce area.”
Earnings up
Earnings from operations grew 9.8 percent to 67,610 crore (61,559 crore). Business tape-recorded gross profits of 3-lakh crore for the year FY24, a development of 17.8 percent over in 2015. Business grew its shop footprint throughout intake baskets, opening 1,840 shops with gross location addition of 15.6 million sq ft. Total shop count now stands at 18,836 with overall location of 79.1 million sq ft.
The signed up client base was at 304 million at the end of the year, up 22.2 percent year on year, while the overall deals taped were at 1.26 billion, up 22 percent y-o-y.
Isha M. Ambani, Executive Director, Reliance Retail Ventures, stated “Reliance Retail continues to provide consistent efficiency, led by development throughout intake baskets. We continue to invest and innovate throughout formats and items to enhance our client worth proposal and serve developing customer requirements. Robust growth and development of our retail company symbolizes our dedication to client centricity and self-confidence in India’s usage story”.