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Reliance Retail To Expand Grocery Stores In Small Towns, Eyes Luxury Jewellery Segment
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In the 47th Annual General meeting of Reliance Industries Limited, Reliance Retail Ventures Limited (RRVL) Director Isha Ambani announced that Reliance Retail recorded a net profit of Rs 11,101 crore ($1.3 billion) in FY24, up 21% YoY. The company's Gross Revenue stood at Rs 3,06,848 crore ($36.8 billion), a growth of 17.8% over last year. The company opened 1,840 new stores, bringing the total store count to 18,836 in FY2024.
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Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.
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