Mukesh Ambani promoted Reliance Retail reported revenue growth of 31% on year at Rs 4,788 crore in the fourth quarter of fiscal 2015. Strong growth in retail business came despite consumption slowdown and challenging macroeconomic environment. The company also maintained the distinction of being India's largest retailer with 2,621 stores across 200 cities and over 12.5 million square feet of retail space.
Mukesh Ambani promoted Reliance Retail reported revenue growth of 31% on year at Rs 4,788 crore in the fourth quarter of fiscal 2015. Strong growth in retail business came despite consumption slowdown and challenging macroeconomic environment. The company also maintained the distinction of being India's largest retailer with 2,621 stores across 200 cities and over 12.5 million square feet of retail space.
For the 12 months ending fiscal 2015, the company's total revenue grew by 21.2% to Rs 17,640 crore while profit before depreciation, interest and taxes (PBDIT) for the year stood at Rs 784 crore. In terms of like-for-like (LFL) growth, it was up to 17% across various format sectors during the year. The company also consolidated its leadership position by adding added 930 stores and 0.9 million square feet of operating space in the year across the sectors.
While its value format Reliance Fresh further consolidated leadership position in the grocery retail business, the cash and carry business Reliance Market also achieved the market leader positioning with 43 stores across the country. On the fashion and lifestyle front, Reliance Trends currently operates over 200 stores and sells over 150,000 garments every day while its footwear chain Reliance Footprint currently has presence in 100 cities with over 200 stores.
The consumer electronics / durables retailing format Reliance Digital also crossed the 1,000 stores mark with the Digital Xpress Mini format becoming the largest mobile phone retail chain in the country. "The format is now increasingly becoming a distribution platform for national and international brands as it provides an unmatched distribution reach across a wide range of Tier I to Tier III cities," company said in a statement.
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