Reliance Retail Q3 revenue declines 9.7% to Rs 33,018 crore; profit surges

Yearly numbers are not comparable, RIL said, since the petro retail business, which makes up 40 per cent of the company's retail revenues, has been demerged

Reliance Industries, Reliance Retail
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The company said that all stores were operational during the quarter, with the company adding 327 new stores in Q3

Viveat Susan Pinto Mumbai
Reliance Retail, the retail arm of Reliance Industries (RIL), reported a 9.7 per cent sequential decline in its revenue from operations which stood at Rs 33,018 crore in the December quarter (Q3), but profit surged on the back of strong operational performance, it said on Friday.
 
Yearly numbers are not comparable, RIL said, since the petro retail business, which makes up 40 per cent of the company’s retail revenues, has been demerged.
 
Gross sales decreased 8 per cent sequentially to Rs 37,845 crore in Q3.
 
Earnings before interest, tax, depreciation, and amortisation (Ebitda) rose 53.9 per cent

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First Published: Jan 22 2021 | 9:51 PM IST

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