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.

EDITORIAL OF THE DAY

  • Fall in sale of e-books globally is being attributed to screen fatigue

    Screen fatigue seems to have hit the human race big time, given that eyes are constantly exposed to various screens, from android and Apple I-phones,

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: INDIA’S kill zones

In a curious twist after the 1999 Lok Sabha hustings, ...

Gautam Datt

<b>Newsmaker<b>: Caught in the middle

Historic opportunities can be easily squandered if they are not ...

Kuruvilla Pandikattu

The forgotten hero of science & religion

Young students of science will recognise Albert Einstein, Isaac Newton, ...