Reliance Retail Ventures Ltd., the patron arm of the diversified conglomerate Reliance Group led by Mukesh Ambani, reported a ten% year-on-year enhance in its revenue after tax (PAT) for the quarter ending on December 31, 2024. Throughout this era, Reliance Retail Ventures’ (RRVL) PAT was Rs 3,458 crore, up from Rs 3,145 crore in the identical quarter the earlier yr.
Working income additionally grew by 7% in comparison with the earlier yr, reaching Rs 79,595 crore from Rs 74,373 crore. This resulted in a 3.3% enhance in income from operations to Rs 212,357 crore for the nine-month interval between April and December 2024, up from Rs 205,469 crore reported in the identical interval the earlier yr.
“Retail section delivered a robust efficiency, with noteworthy contribution from all codecs. The enterprise ably capitalized on the pick-up in consumption amid festive demand through the quarter,” Mukesh Ambani, Chairman & Managing Director, Reliance Industries stated in a press release.
Within the third quarter of fiscal yr 2025, RRVL improved its earnings earlier than curiosity, tax, depreciation, and amortization (EBITDA) by 9.8% year-on-year to Rs 6,828 crore, up from Rs 6,238 crore. The EBITDA margin remained at 8.6%, a rise of 20 foundation factors from 8.4% within the third quarter of fiscal yr 2024, however decreased by 20 bps sequentially. One foundation level is equal to 1 hundredth of a share level.
Regardless of being a festive quarter, footfall in Reliance’s shops decreased from the earlier quarter. Over the past quarter, the corporate recorded 296 million footfall in its shops, down from 297 million within the second quarter of fiscal yr 2025, whereas it elevated by 5% year-on-year from 282 million within the third quarter of fiscal yr 2024.
Based on Ambani, a superior understanding of buyer wants and preferences enabled Reliance Retail to serve all kinds of demographic profiles “with the best product, on the proper time, by way of the best channel”. “With customer-centric innovation at its core, the enterprise continually endeavors to reinforce the purchasing expertise of its prospects by way of its huge attain and a continually increasing product basket,” he added.
Whereas RRVL added 779 new shops to its portfolio, bringing the whole variety of shops underneath its umbrella to 19,102, the world operated by the retail main decreased sequentially. In Q3, the world operated stood at 77.4 million sq. ft, down from 79.4 million sq.ft. in Q2 however up from 72.9 million sq.ft. in Q3 of FY2024.
Based on the corporate, its grocery enterprise grew at a wholesome tempo of 37% y-o-y led by huge field format. There was progress throughout classes, with basic merchandise and worth attire rising at 20% y-o-y and premium private care and wonder rising 16% y-o-y whereas Metro enterprise achieved highest ever festive gross sales, it stated. JioMart expanded the product vary with a 33% y-o-y enhance within the vendor base whereas Milkbasket reported 20% y-o-y progress in month-to-month energetic customers and 24% y-o-y progress in its GMV.
Client manufacturers continued to ship progress throughout classes with 9 month FY2025 income at Rs 8,000 crore. Campa & Independence – two of its flagship fast paced shopper items manufacturers gained traction throughout markets. Based on the corporate, Campa has over 10% market share in glowing beverage class in choose states. Each manufacturers are projected to cross Rs 1,000 crore turnover every in FY25.
“Reliance Retail delivered sturdy efficiency through the quarter led by festive shopping for throughout consumption baskets. Our deal with providing wide selection of merchandise at a lovely value worth proposition continues to attract prospects to our shops and digital platforms. We’re creating by way of JioMart – categorical deliveries, scheduled deliveries coupled with Milkbasket – subscription companies, a seamless purchasing expertise that serves various prospects throughout all classes and catchment,” stated Isha Ambani, Govt Director, RRVL.
