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Mukesh Ambani, the chairman and managing director of Reliance, has a penchant for creating humongous businesses with an amazing sweep across the country. While Reliance looks to shape-shift into a decarbonised business empire with a mega green energy and renewables plan, it has already started making waves in its new consumer products business which is being led by his daughter Isha Ambani.
The retail segment opened 562 new stores and added 7.8 million sq. ft. in gross area, while customer visits surged 24 percent from a year earlier, reaching over 272 million visitors.
Oil-to-telecom giant Reliance Industries Ltd (RIL) is set to reveal results for the quarter ending March 2024. The announcement on quarterly figures is expected today, along with a potential dividend approval for FY24.
In Q4 FY24, Reliance Retail saw a 9.8% YoY increase in revenue and an 18.1% improvement in Ebitda. For FY24, the company surpassed ₹3 trillion in gross revenue for the first time, with a 17.83% growth. The registered customer base increased by 22.2% YoY.