In the second quarter (Q2) of the fiscal year 2024–2025 (FY25), 17% of Reliance Retail’s total revenues came from its digital and new commerce division.
“The retail sector keeps expanding its product offers and consumer touchpoints through both digital and physical channels. The company can meet the diverse needs of a large, diverse clientele because to its distinctive omnichannel retail model, according to Mukesh Ambani, chairman and managing director of Reliance Industries Ltd. (RIL).
In Q2 FY25, Reliance Retail’s net profit increased 4.6% year over year (YoY) to INR 2,836 Cr from INR 2,800 Cr in the same quarter last year. Profit rose 3.3% sequentially from Q1 FY25’s INR 2,746 Cr.
The retail behemoth’s operational revenue, which was INR 66,260 Cr in Q1 FY25, fell 3.5% YoY to INR 66,502 Cr in Q2 FY25. In Q1 FY25, the top line decreased by 0.4% from INR 66,260 Cr.
Read More – Mithun Sacheti, Founder of CaratLane, Establishes Investment Firm
