Reliance Retail Enterprise Ltd (RRVL), on Friday, reported a 21.04 per cent rise in its internet revenue to Rs 2,790 crore for the second quarter ended September 30, on progress throughout consumption baskets, enhance in footfalls and new retailer openings.
Its income from operation surged 19.48 per cent to Rs 68,937 crore within the September 2023 quarter.
The retail arm of Reliance Industries Ltd (RIL) posted a internet revenue of Rs 2,305 crore within the July-September quarter of FY23, and its income from operations was Rs 57,694 crore.
Its gross income within the quarter was Rs 77,148 crore, up 18.83 per cent.
This was led by “well-rounded progress throughout consumption baskets”, mentioned an incomes assertion from RIL.
Reliance Retail added 471 new shops in its community in the course of the July-September interval, taking the whole rely to 18,650 shops with an space of 71.5 million sq ft on the finish of the quarter.
“The quarter recorded footfalls of over 260 million throughout codecs, a progress of 40.5 per cent year-on-year,” it mentioned.
Through the quarter, its digital commerce and new commerce companies continued to develop and contributed 19 per cent of the income.
Reliance Retail additionally raised Rs 15,314 crore from world marquee buyers at a valuation of over $100 billion in the course of the September quarter.
“The enterprise accomplished fairness fund elevate of Rs 15,314 crore within the present spherical from world marquee buyers,” RIL famous.
Commenting on the outcomes, RIL chairman and managing director Mukesh D. Ambani mentioned Reliance Retail has continued to quickly broaden its offline in addition to on-line presence whereas including to its already spectacular vary of merchandise and choices.
“We’re offering a contemporary and pleasant purchasing expertise throughout our seamless ecosystem. The power and variety of our retail enterprise mannequin is constantly delivering sturdy efficiency,” he mentioned.
RRVL is the holding firm of Reliance Retail.