Business Standard

Can Reliance Retail double its turnover in 3-4 yrs, as Isha Ambani claims?

One of the drivers that automatically fuels growth is that India remains one of the fastest growing retail markets and is poised to become the third-largest by 2030

reliance
Premium

Sharleen Dsouza Mumbai

Listen to This Article

At Reliance Industries’ annual general meeting (AGM) towards the end of August, shareholders were told that Reliance Retail would double its business in three to four years.

Is that a tall target? It sure seems so.
 
Reliance Retail is already the country’s largest retailer. Its financial year 2023-24 (FY24) gross revenue stood at more than Rs 300,000 crore. Doubling that will be akin to adding anot­her Reliance Retail to itself.
 
However, there is another way of looking at this target. The Indian retail market is among the fastest growing in the world, allowing a lot of elbow room

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in