Reliance Retail Q3 Results: Reliance Retail's profit increased by 2.7 percent in the third quarter amid the festive season, revenue crossed Rs 97600 crore.:According to the information given to the stock market by Reliance Industries Limited (RIL), in the same quarter a year ago, the net profit of RRVL was Rs 3,458 crore and total income was Rs 90,333 crore.

News Topical, Digital Desk : Reliance Retail Q3 Results: Reliance Retail Ventures Limited (RRVL), led by industrialist Mukesh Ambani, reported a strong performance in the December quarter. Net profit rose 2.7 percent year-on-year to ₹3,551 crore, while total revenue rose 8.1 percent to ₹97,605 crore.

According to the information given to the stock market by Reliance Industries Limited (RIL), in the same quarter a year ago, the net profit of RRVL was Rs 3,458 crore and total income was Rs 90,333 crore.

Strong operational performance

The company's operating revenue in the December quarter increased 9.2 percent to ₹86,951 crore, compared to ₹79,595 crore in the same quarter last year. Profit before tax (EBITDA) also increased marginally, rising 1.3 percent to ₹6,915 crore.

Expansion in store network and customer base

The country's largest retailer continued its expansion strategy, opening 431 new stores during the quarter, taking its total store count to 19,979.

RRVL's total registered customer base reached 37.8 crore, while the number of transactions increased by 47 per cent year-on-year to over 52.4 crore.

Restructuring of FMCG business

During the quarter, the company completed the separation of its FMCG business, Reliance Consumer Products Limited (RCPL). It will now become a direct subsidiary of RIL, allowing this business to grow under an independent and focused structure.

Rapid growth in electronics and e-commerce

According to the company, the grocery and consumer electronics business benefited from the festive season.
Laptop sales up 46%
Mobile sales up 38%
There was a 25% increase in TV sales.
E-commerce platforms Ajio and Shine also showed consistent growth in the quarter.

Reliance Industries Chairman and Managing Director Mukesh Ambani said that this quarter was very important for the retail business and the portfolio has become stronger with the addition of new brands and products.

Meanwhile, RRVL Executive Director Isha M Ambani said that the company is continuously moving forward on its vision of transforming the Indian retail market through innovation and excellence.