Reliance Retail revenue up 25% in March quarter on strong recovery

Profit for the quarter also surged on the back of strong operational performance

Reliance Retail, the retail arm of Reliance Industries (RIL), reported a 25 per cent sequential increase in its revenue from operations to Rs 46,099 crore for the quarter ended March 31 (Q4), as the business witnessed a strong recovery in the period. Profit for the qua­rter, too, 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 firm’s retail revenues, has been demerged. Gross sa­les increased 24 per cent seq­uentially to Rs 47,064 crore.
 
Earnings before interest tax