Reliance Retail narrows revenue dip in Q2, says business normalising

The company said that 85 per cent of its stores were operational now

The retail arm of Reliance Industries (RIL) reported a 13.8 per cent drop in Ebitda (earnings before interest, tax, depreciation, and amortisation) for the July-September period (Q2), as the business recovered after a strict lockdown in the June quarter.
 

Ebitda in Q2 stood at Rs 2,009 crore versus Rs 2,330 crore reported a year ago. In the June quarter, Reliance Retail had reported a 47.4 per cent year-on-year drop in Ebitda, while revenue had declined 17.2 per cent from a year ago.
 

Reliance does not report net profit figures for its retail business.
 

Earnings before interest and tax (Ebit) were