{"id":94943,"date":"2018-10-18T03:46:56","date_gmt":"2018-10-18T03:46:56","guid":{"rendered":"http:\/\/www.bnreport.com\/reliance-retail-q2-pre-tax-profit-jumps-over-3-fold-to-rs-1392-crore\/"},"modified":"2018-10-18T03:46:56","modified_gmt":"2018-10-18T03:46:56","slug":"reliance-retail-q2-pre-tax-profit-jumps-over-3-fold-to-rs-1392-crore","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/reliance-retail-q2-pre-tax-profit-jumps-over-3-fold-to-rs-1392-crore\/","title":{"rendered":"Reliance Retail Q2 pre-tax profit jumps over 3-fold to Rs 1,392 crore"},"content":{"rendered":"

NEW DELHI: Reliance Retail<\/a> today reported an over three-fold jump in its pre-tax profit at Rs 1,392 crore for the second quarter ended September 2018 helped by store expansion and strong value proposition. <\/p>\n

The retail arm of Reliance Industries<\/a> Ltd (RIL<\/a>) had posted a PBDIT (profit before depreciation, interest and tax) of Rs 444 crore in the July-September period a year-ago. <\/p>\n

Revenue from RIL's organised retail segment during the quarter under review grew over two-fold to Rs 32,436 crore as against Rs 14,646 crore in the corresponding quarter of the last fiscal. <\/p>\n

Commenting on the results, RIL Chairman and Managing Director Mukesh Ambani said: "Our commitment to create consumer value is gathering momentum, with the robust scale-up of India centric consumer facing businesses. <\/p>\n

"The financial performance of both Retail and Jio reflects the benefits of scale, technology and operational efficiencies. Retail business EBITDA has grown three- fold on Y-o-Y basis whereas Reliance<\/a> Jio EBITDA has grown nearly 2.5 times," he added. <\/p>\n

Reliance Retail operates 9,146 stores across the country and has presence in over 5,800 towns and cities. It operated in 19.5 million sq ft during the quarter under review. <\/p>\n

According to the company, "Accelerated store expansion, strong value proposition and focus on customer experience across all consumption baskets has resulted in this robust growth." <\/p>\n

Reliance Retail received over 1 crore footfalls during the big sale period of August 11 to 15, 2018. <\/p>\n

"Deep analytics of the shopping behaviours and continued customer connect helped in drawing customers to shop at Reliance Retail stores during this period," the company said. <\/p>\n

Reliance Retail's grocery stores led by Reliance Fresh and Smart witnessed strong growth backed by new store expansion and volume growth in existing stores. <\/p>\n

"15 new SMART stores and 5 new Fresh stores were opened during the quarter. The stores saw robust growth in Staples, Home & Personal Care and General Merchandise categories," it said. <\/p>\n

Fresh and Smart together now operate 523 stores across 100 cities. <\/p>\n

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Original Article<\/a><\/p>\n

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NEW DELHI: Reliance Retail today reported an over three-fold..<\/p>\n","protected":false},"author":1,"featured_media":94944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-94943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nReliance Retail Q2 pre-tax profit jumps over 3-fold to Rs 1,392 crore - Business News Report<\/title>\n<meta name=\"description\" content=\"NEW DELHI: Reliance Retail today reported an over three-fold..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/reliance-retail-q2-pre-tax-profit-jumps-over-3-fold-to-rs-1392-crore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance Retail Q2 pre-tax profit jumps over 3-fold to Rs 1,392 crore - 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