Reliance Retail's net profit declines 4.8% to Rs 2,139 cr in March quarter

Reliance Retail said it delivered its best-ever quarterly revenues, which even surpassed the festive quarter performance despite the Omicron wave and coming out from the festive quarter

Reliance Retail’s net profit for the January-March quarter declined 4.8 per cent to Rs 2,139 crore, while its EBIDTA increased 2.4 per cent to Rs 3,705 crore in the same period. The country’s largest retailer cash profit for the quarter rose 3.8 per cent to Rs 2,878 crore.

For the 12 months ended March 2022, net revenue jumped 26 per cent to Rs 1.75 trillion, EBITDA was up 26 per cent at Rs 12,381 crore (up 29 per cent at Rs 10,932 crore, excluding investment income), and net profit was higher by 29 per cent at Rs 7,055 crore, over the