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Reliance Retail Q4: Net Profit Up 11.7% at Rs 2,698 Crore, Revenue Up 10.6% – Prime Time News24


Printed By: Enterprise Desk

Final Up to date:

Reliance Retail This fall monetary outcomes have been introduced.

Throughout the 12 months, the EBITDA margin on internet gross sales continued to enhance and was 8.4 p.c, up 60 bps YoY

Reliance Retail Ventures Ltd, the retail arm of Reliance Industries Ltd, introduced on April 22 that its internet revenue rose 11.7 p.c to Rs 2,698 crore within the quarter ended March 31, 2024, in comparison with Rs 2,415 crore a 12 months in the past.

Gross income rose 17.8 p.c to Rs 76,627 crore, up 10.6 p.c from the 12 months in the past interval led by development in Client Electronics and Vogue & Way of life, stated RIL in a inventory trade submitting.

“Reliance Retail continues to ship regular efficiency led by development throughout consumption baskets. We proceed to speculate and innovate throughout codecs and merchandise to enhance our buyer worth proposition and serve evolving client wants. Strong growth and development of our retail enterprise signifies our dedication to buyer centricity and confidence in India’s consumption story,” stated Isha M. Ambani, Govt Director, Reliance Retail Ventures Restricted.

The enterprise continues its robust monitor document of revenue development registering an EBITDA of Rs 23,040 crore, larger by 28.5 p.c Yr over Yr (Y-o-Y) for the 12 months FY24, as per the official assertion.

Throughout the 12 months, the EBITDA margin on internet gross sales continued to enhance and was 8.4 p.c, up +60 bps Y-o-Y.

Depreciation elevated on account of a better asset base because of the addition of latest shops and provide chain infrastructure. The corporate reported larger finance prices on account of a rise in rates of interest and borrowings for enterprise growth.

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