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
businesses continue to scale new highs and now account for nearly 21% of consolidated segment EBITDA
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.
