F&B

Starbucks India launches subscription plan

Barista Coffee races towards 500 cafes

Starbucks Rewards Day is here

Keventers launches ₹99 range of beverages

Tim Hortons continues India expansion

UAE’s Kulfilicious opens 2nd outlet in India

E-Commerce

FirstCry opens 8,000 sft store – largest in India
Babycare

FirstCry opens 8,000 sft store – largest in India

April 1, 2023
Flipkart spent Rs. 15,020 Cr to earn Rs. 10,476 Cr in revenues
E-Commerce

Flipkart spent Rs. 15,020 Cr to earn Rs. 10,476 Cr in revenues

December 15, 2022
Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x
E-Commerce

Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x

October 11, 2022
Vinod launches 100% Virgin Aluminium Cookware
Indian Ecomm

Vinod launches 100% Virgin Aluminium Cookware

January 21, 2022
No Result
View All Result
Thursday, September 28, 2023
  • Login
Retail Updates
  • FMCG
    • FMCG Food
      • Indian FMCG – Food
      • Regional FMCG – Food
      • StartUps FMCG – Food
      • International FMCG – Food
    • FMCG Non-Food
      • Indian FMCG Non-Food
      • Regional FMCG Non-Food
      • Startups FMCG Non-Food
      • International FMCG Non-Food
  • Fashion
    • Luxury
    • Womens’
    • Menswear
    • Innerwear
    • Accessories
      • Cosmetics
      • Eyewear
      • Footwear
      • Leather
      • Personal Care
      • Watches
      • Wearables
  • F&B
    • Coffee
    • Cloud Kitchens
    • QSR
    • Traditional
    • Tech Delivery
  • E-Commerce
    • Amazon
    • Indian Ecomm
    • Services
  • Malls
    • Mall Chains
    • Standalone Malls
  • International
    • USA
    • Singapore
    • China
    • Middle East
    • SE Asia
    • Europe
    • Oz & Nz
    • SouthAm
  • Entertainment
    • Cinemas
    • Multiplex
    • OTT Platforms
    • Theme Parks
    • Others
  • Retail Tech
    • Digital
    • Retail AI
    • PoS S/w
    • Payments
    • Credit Cards
    • Crypto
    • Tech Delivery
  • Cities
  • Corporates
    • People
      • Movements
      • Obituary
    • Industry Info
    • Global
      • Amazon
      • Apple
      • Starbucks
      • Shell
      • Walmart
    • Indian
      • Aditya Birla
      • Arvind Fashions
      • Britannia
      • Colgate
      • Future Group
      • Dabur
      • HUL
      • ITC
      • Marico
      • Nestle
      • Patanjali
      • Reliance
      • Reckitt
      • Shoppers Stop
      • Tata Group
    • Listed Cos.
  • Specialty Retail
    • Airports
      • AAI Airports
      • PPP Airports
      • International Airports
    • Travel Retail
      • Metro Rail
      • Railways
      • Highways
    • Auto Retail
      • 2W
      • 4W
      • EVs
      • Fuel Retail
    • Beauty Services
    • Babycare
    • Liquor
    • CDIT
    • Grocery Retail
    • Pets & more
    • Home Improvement
    • Kidswear
    • Books
    • Athleisure
    • Pets & more
    • Leather
  • Opinions
    • Blogs
    • Videos
    • Interviews
    • Lockdown Impact
    • Editor’s Note
Retail Updates
No Result
View All Result
Reliance Retail revenue grows 52% YoY – Q3 FY 21-22

Reliance Retail revenue grows 52% YoY – Q3 FY 21-22

by Editor
March 6, 2022
in Corporates, Listed Cos., Press Releases, Reliance
Reading Time: 2 mins read
0

Reliance announced a stellar performance across it’s portfolio companies, notable among which is the 52% growth in revenues in Q3 over the same quarter last year. the key highlights are as below;

  • Gross Revenue for the quarter was ₹ 57,714 crore ($ 7.8 billion), higher by 52.5%
  • EBITDA for the quarter was ₹ 3,822 crore ($ 514 million), higher by 23.8%
  • Net Profit for the quarter was ₹ 2,259 crore ($ 304 million), higher by 23.4%
  • Cash Profit for the quarter was ₹ 3,277 crore ($ 441 million), higher by 32.0%
  • Total 14,412 physical stores operational; 837 stores opened during the quarter
  • Area of operation – 40.0 million sq. feet as compared to 31.2 million sq. feet in the corresponding quarter of the previous year

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “I am happy to announce that Reliance has posted best-ever quarterly performance in 3Q FY22 with strong contribution from all our businesses. Both our consumer businesses, Retail and Digital services have recorded highest ever revenues and EBITDA. During this quarter, we continued to focus on strategic investments and partnerships across our businesses to drive future growth. Retail business activity has normalized with strong growth in key consumption baskets on the back of festive season and as lockdowns eased across the country. Our digital services business has delivered broad based, sustainable, and profitable growth through improved customer engagement and subscriber mix, he said in an official statement.

YOU MAY ALSO LIKE

Shell opens world’s first 10-in-1 station in China

Shoppers Stop gears up for Durga Puja

Reliance Retail is building all ammunition possible with acquisitions in the space, the latest one being Dunzo, the last mile delivery platform. The company is currently present in almost every product category possible from fashion retail to consumer durables, grocery to pharma retail, offline and online formats, logistics to call centre backend and everything in between. It’s 2020 acquisition of The Future Group has been facing legal issues from Amazon but looks like things could sort out to the company’s benefit very soon, as per market sources which cannot be independently verified. Walmart, through Flipkart India and Amazon through its Indian subsidiary are trying to create a significant place for themselves in the USD 850 bn Indian Retail & Consumer Industry, though this is not a “winner takes it all market”. FY 2022-25 is said to be the golden period for anything to do with retail business in India that country has not seen in the past three decades. By then, the estimated market size of the Indian Retail Business could be USD 1 trn.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to email a link to a friend (Opens in new window)

Like this:

Like Loading...

Related

Tags: ecommercequarterly resultRelianceretail
ShareTweet

Related Posts

Shell opens world’s first 10-in-1 station in China
Auto Retail

Shell opens world’s first 10-in-1 station in China

September 25, 2023
Shoppers Stop gears up for Durga Puja
Department Stores

Shoppers Stop gears up for Durga Puja

September 21, 2023
Starbucks India launches subscription plan
Coffee

Starbucks India launches subscription plan

September 19, 2023
Reliance Retail opens first Hamleys Store in Italy
Reliance

Reliance Retail opens first Hamleys Store in Italy

September 20, 2023
Starbucks Rewards Day is here
F&B

Starbucks Rewards Day is here

September 11, 2023

Specialty Retail

Hidesign launches writing instruments
Latest News

Hidesign launches writing instruments

by Editor
September 22, 2023
0

Internationally acclaimed and homegrown leather goods brand Hidesign has extended its accessories range to include writing instruments, such as fountain...

Read more
The Love Co. launches kids care products

The Love Co. launches kids care products

September 15, 2023
India to have Asia’s largest Pet-Food facility

India to have Asia’s largest Pet-Food facility

September 14, 2023

FMCG & Grocery

Bisleri x Jawan limited edition packs now available

Nourish Mantra launches new range of Toner & Serum

Baskin Robbins is the Official Dessert Partner for Barbie The Movie

Entertainment

Bisleri x Jawan limited edition packs now available
Entertainment

Bisleri x Jawan limited edition packs now available

by Editor
September 11, 2023
0

Bisleri International, India's leading packaged drinking water brand has tied up with Shah Rukh Khan's upcoming "Jawan", the first pan-India...

Read more
PVR-Kotak Debit Card offers 20* free movie tickets yearly

PVR-Kotak Debit Card offers 20* free movie tickets yearly

September 11, 2023
NY Cinemas opens in Guwahati

F&B to boost cinema theatres’ profitability

August 2, 2023

Search

No Result
View All Result

Who We are…

Retail Updates strives it’s best to curate the latest in the world of Retailing from across the world and offers insights and analyses.

  • FMCG
    • FMCG Food
      • Indian FMCG – Food
      • Regional FMCG – Food
      • StartUps FMCG – Food
      • International FMCG – Food
    • FMCG Non-Food
      • Indian FMCG Non-Food
      • Regional FMCG Non-Food
      • Startups FMCG Non-Food
      • International FMCG Non-Food
  • Fashion
    • Luxury
    • Womens’
    • Menswear
    • Innerwear
    • Accessories
      • Cosmetics
      • Eyewear
      • Footwear
      • Leather
      • Personal Care
      • Watches
      • Wearables
  • F&B
    • Coffee
    • Cloud Kitchens
    • QSR
    • Traditional
    • Tech Delivery
  • E-Commerce
    • Amazon
    • Indian Ecomm
    • Services
  • Malls
    • Mall Chains
    • Standalone Malls
  • International
    • USA
    • Singapore
    • China
    • Middle East
    • SE Asia
    • Europe
    • Oz & Nz
    • SouthAm
  • Entertainment
    • Cinemas
    • Multiplex
    • OTT Platforms
    • Theme Parks
    • Others
  • Retail Tech
    • Digital
    • Retail AI
    • PoS S/w
    • Payments
    • Credit Cards
    • Crypto
    • Tech Delivery
  • Cities
  • Corporates
    • People
      • Movements
      • Obituary
    • Industry Info
    • Global
      • Amazon
      • Apple
      • Starbucks
      • Shell
      • Walmart
    • Indian
      • Aditya Birla
      • Arvind Fashions
      • Britannia
      • Colgate
      • Future Group
      • Dabur
      • HUL
      • ITC
      • Marico
      • Nestle
      • Patanjali
      • Reliance
      • Reckitt
      • Shoppers Stop
      • Tata Group
    • Listed Cos.
  • Specialty Retail
    • Airports
      • AAI Airports
      • PPP Airports
      • International Airports
    • Travel Retail
      • Metro Rail
      • Railways
      • Highways
    • Auto Retail
      • 2W
      • 4W
      • EVs
      • Fuel Retail
    • Beauty Services
    • Babycare
    • Liquor
    • CDIT
    • Grocery Retail
    • Pets & more
    • Home Improvement
    • Kidswear
    • Books
    • Athleisure
    • Pets & more
    • Leather
  • Opinions
    • Blogs
    • Videos
    • Interviews
    • Lockdown Impact
    • Editor’s Note

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: