Reliance Retail's Q1 turnover up 14.5% to Rs 3,999 cr

Tags: News
Reliance Industries Ltd today said its retail arm reported 14.5 per cent increase in turnover at Rs 3,999 crore in the first quarter ended June 30, 2014-15.

It had a turnover of Rs 3,492 crore in Q1, 2013-14.

"Reliance Retail recorded strong profitability and continued growth momentum in the first quarter of the current financial year. Gross margin improvement, strong variable expense control and leverage of fixed expenses contributed to the performance," the company said in a statement.

Giving growth outlook for future, the company said: "Underlying growth and outlook in core sectors continues to be robust despite regulatory conditions affecting the Jewelry sector and a difficult consumer environment."

During the quarter, Reliance Brands announced a partnership with BCBG MAX Azria Group, Inc. To bring in India, an international womenswear brand, the company added.

RIL's retail business now operates 1,723 stores across 148 cities in India.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • Sebi needs to plug the one-day window for price manipulation ahead of OFS

    The Securities and Exchange Board of India (Sebi) is reportedly planning to change the rules governing the announcement of details on offer for sale (

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

China looks to India for balance

Almost a third of the total world population lives in ...

Zehra Naqvi

Love and its stories

People must have bread. They can live without stories. No, Hameeda, ...

Dharmendra Khandal

Tiger in urban landscape

Ranthambhore is in a no-win situation. Just a few days ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture