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Reliance Retail is the retail initiative of the Mukesh Ambani group and is central to consumer facing businesses. The company has the distinction of being the largest retailer in the country. For buying shares of Reliance Retail or any other companies, please call on 8108303330
The company reported a turnover of Rs. 1,30,566 crore for the financial year 2017-18. As on 30 June 2019, Reliance Retail operates 10,644 retail stores in over 6,700 cities. It covers an area of over 23 million sq ft and 516 petro retail outlets. The company’s jewelry brand, Reliance Jewels, expanded rapidly with the opening of 9 standalone stores and 32 store-in-stores during Q1 June 2019. During the quarter, Reliance Brands also announced the acquisition of British Toy retailer Hamleys. It also made exclusive partnership with British Footwear and Handbags brand Kurt Geiger.
Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited is the holding company of Reliance Retail (RR) which operates the retail business. In late December, India modified rules around foreign direct investment (FDI) in e-commerce, creating additional hurdles for companies such as Amazon and Flipkart, and giving companies such as RR an edge.
The Mukesh Ambani-led company has adopted a multi-prong strategy and operates chain of neighbourhood stores, supermarkets, wholesale cash & carry stores, specialty stores and online stores and has democratized access to a variety of products and services across diverse segments for Indian consumers.
Serving the food and grocery category Reliance Retail operates Reliance Fresh, Reliance Smart and Reliance Market stores. In the consumer electronics category it operates Reliance Digital, Reliance Digital Express Mini stores and Jio stores, and in fashion & lifestyle category it operates Reliance Trends, Trends Women, Project Eve, Reliance Footprint, Reliance Jewels and AJIO.com in addition to a large number of partner brand stores across the country.
Deep insight into India’s economic, cultural and consumption diversity drives its vision in the retail universe. More importantly, it has built a strong and unwavering foundation through its extraordinary people. Our nationwide network of retail stores offers a world-class shopping environment and unmatched customer experience.
Reliance Retail Limited has emerged as the partner of choice for International brands and has established exclusive partnerships with many revered international brands such as Diesel, Superdry, Hamleys, Ermenegildo Zegna, Marks and Spencer, Paul & Shark, Thomas Pink, Kenneth Cole, Brooks Brothers, Steve Madden, Payless Shoesource, Grand Vision and many more.
Amazon in talks with Reliance Retail for stake purchase of upto 26%: report
Amazon is in exploratory talks with Reliance Retail to acquire up to 26% in the country’s largest brick-and mortar retailer. A potential partnership will help the duo counter US-based e-commerce giant Walmart. Last year Walmart had invested $16 billion in Flipkart.
Reliance Retail Q1 EBITDA up 70% to Rs 2,049 crore
RR’s EBITDA rose 70% to Rs 2,049 crore in Q1 June 2019 over previous period. The company had posted an EBITDA of Rs 1,206 crore during the corresponding period last year. Revenue rose 47.5% to Rs 38,196 crore.