Reliance Retail FY15 revenue up 21% at Rs 17,640 cr

Reliance Retail's revenue grew by 21.2 per cent to Rs 17,640 crore in the fiscal ended March 31, 2015 on the back of a wide product offerings with value proposition.
The company, which maintained the status of India's largest retailer, said it achieved profit before depreciation, interest and taxes (PBDIT) of Rs 784 crore for the year.
In the fourth quarter ended March 31, the company said its revenue grew by 31.1 per cent to Rs 4,788 crore despite slow consumption growth and challenging macroeconomic environment.
Commenting on the performance of the retail arm, Reliance Industries Chairman and Managing Director Mukesh Ambani said: "Our organised retail business maintained its high growth trajectory with a wider pan-India footprint."

During the year, Reliance Retail added 930 stores and 0.9 million square feet of operating space across the sectors. As on March 31, 2015, Reliance Retail operated 2,621 stores across 200 cities, with over 12.5 million square feet space, the company said in a statement.
Reliance Market, the cash and carry format, continued its geographical expansion and now operates 43 stores across the country, it said, adding it served over 1.5 million registered members. It partners with kirana and small enterprises, among others.

In fashion and lifestyle, Reliance Trends has over 200 stores and sells over 150,000 garments per day, the company added.

Reliance Footprint, the multi-brand family footwear store format has now over 200 stores across 100 cities. In the digital sector, the company has over 1,000 stores.
Digital Xpress Mini, the format positioned to serve communication and mobility needs, now provides distribution reach across a wide range of Tier I to Tier III cities, it added.
During the year, Reliance Retail grew its presence through partnerships with global brands, including Marks & Spencer, Grand Vision and Payless Shoesource, it said.