Reliance Retail records gross revenues of Rs 3.06 lakh crore for FY24 newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.
Isha Ambani's Reliance Retail’s depreciation increased on account of a higher asset base due to the addition of new stores and supply chain infrastructure.
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.
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.