The digital commerce and merchant partnerships business has gained significant traction in the wake of COVID-induced disruptions and accounted for about 10 per cent of Reliance Retail's FY21 revenue of Rs 1,53,818 crore.
According to the latest annual report of Reliance Industries, the digital commerce and merchant partnerships business contributed nearly 10 per cent of revenues, "significantly stepped up from near zero in the preceding year".
Reliance Retail has reported a revenue of Rs 1,53,818 crore and a pre-tax profit of Rs 9,842 crore in FY21.
Describing the growth of the online channel, the company said: "Digital commerce gained significant traction in the wake of lockdown/restrictions" and is "likely to remain buoyant."