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Reliance Retail

Reliance launches 'Spinner' sports drink with Muttiah Muralitharan

Reliance through its FMCG arm Reliance Consumer Products Ltd (RCPL) has entered into the sports hydration drink segment with the brand Spinner', co-created with Sri Lankan cricket icon Muttiah Muralitharan. Reliance, which has disrupted the Indian beverages market with aggressive pricing of its Campa Cola, is offering Spinner at a price of Rs 10 for a 150 ml single-serve bottle. This is relatively lower than other rival sports drinks available in the market such as Pepsico's Gatorade and Coca-Cola's Powerade which are available at Rs 50 for 500 ml. Decathlon's sports drink Aptonia costs Rs 99 for a 400 ml bottle, though it is available at Rs 69 on the portal. Last month, RCPL launched RasKik Gluco Energy, entering into the energy drink segment. Reliance, which entered the beverages market with the acquisition of Campa in 2023, has now over 10 per cent market share in the sparkling beverage category in select states, the company stated in its latest quarterly report. These launche

Reliance launches 'Spinner' sports drink with Muttiah Muralitharan
Updated On : 10 Feb 2025 | 6:38 PM IST

Shein re-enters India market after 5-year ban through Reliance Retail

Chinese online fast fashion brand Shein has re-entered the India market almost five years since its ban through the country's leading retailer Reliance Retail. Shein India Fast Fashion App from Reliance Retail currently has over 10,000 downloads on Google's Play Store and is ranked among the top-10 among peers on Apple's store. The brand, now based in Singapore, offers affordable fashion products through its app and online stores in India -- one of its fastest-growing markets. Shein was one of the apps that was banned by the Ministry of Electronics and Information Technology in June 2020 after escalation of tensions with China. Almost three years after getting banned in India, Shein signed a partnership in 2023 with Reliance Retail, led by Isha Ambani, the daughter of billionaire Mukesh Ambani. Reliance Retail Ventures Ltd (RRVL) through its subsidiary RRL (Reliance Retail Ltd), had entered into a technology agreement with Roadget Business Pte Ltd, which owns Shein, to develop an

Shein re-enters India market after 5-year ban through Reliance Retail
Updated On : 06 Feb 2025 | 7:45 PM IST

Shein India data to stay local, to sell Reliance Retail-made products

The new Shein India app, which went live last Friday, has products which are manufactured, marketed and sold only by Nextgen Fast Fashion, a fully owned subsidiary of Reliance Retail Ventures Ltd. Nextgen manufactures these products on the Shein India platform through a wide network of Indian manufacturers, in which most of which are MSMEs (micro, small and medium enterprises), according to an industry insider. Shein has re-entered the Indian market almost five years after its ban through the country's leading retailer Reliance Retail. The new Shein Platform is built and hosted in India and its ownership and control will always remain with Reliance Retail, he said. Shein India Fast Fashion App from Reliance Retail currently has over 10,000 downloads on Google's Play Store and is ranked among the top 10 among peers on Apple's store. There is no equity ownership of Shein in the Indian company and app Shein India has been developed by Reliance Retail and is hosted in the country. The

Shein India data to stay local, to sell Reliance Retail-made products
Updated On : 04 Feb 2025 | 7:18 PM IST

Ambani's Reliance Retail brings Shein back to India after 2020 app ban

Shein India Fast Fashion app represents a departure from Reliance's strategy of adding brands to its flagship fashion app Ajio - whose offering includes Superdry and Gap

Ambani's Reliance Retail brings Shein back to India after 2020 app ban
Updated On : 02 Feb 2025 | 10:27 PM IST

Analysts eye 34% upside in RIL post Q3; Jefferies, Citi, CLSA, MS upbeat

Given the strong Q3 & recent correction in the stock, most brokerages remain optimistic about RIL' future prospects & potential in the stock. Emkay upgraded RIL to 'Buy', citing attractive valuations

Analysts eye 34% upside in RIL post Q3; Jefferies, Citi, CLSA, MS upbeat
Updated On : 17 Jan 2025 | 10:37 PM IST

Reliance Retail Q3 results: Net profit rises 10.1% to Rs 3,485 crore

The company's revenue from operations stood at Rs 79,595 crore, up 7.0 per cent year-on-year, while its gross revenue from operations increased by 8.8 per cent to Rs 90,333 crore

Reliance Retail Q3 results: Net profit rises 10.1% to Rs 3,485 crore
Updated On : 16 Jan 2025 | 11:47 PM IST

Reliance to bring American luxury retailer Saks Fifth Avenue to India

Country's leading retailer Reliance Retail as part of its expansion into the luxury segment is introducing Saks Fifth Avenue, an American luxury department store chain to the Indian market.. Its "premium brands business entered into India franchise arrangement for Saks Fifth Avenue," said Reliance Industries in its earning statement on Thursday. Saks Fifth Avenue an American luxury department store, is a premier destination for luxury fashion. Since its inception in 1924, it has featured an expertly curated assortment of fashion and highly personalised customer service. It operates a network of 41 stores across North America. "So to address the super Luxury segment in India, we entered into a franchise for India with Saks, Fifth Avenue, which is a global luxury retailer," said Reliance Retail CFO Dinesh Taluja during the earnings call. Reliance's Premium Brands business has also entered into a JV with Mothercare PLC to acquire the Mothercare brand and its IP assets for the Indian

Reliance to bring American luxury retailer Saks Fifth Avenue to India
Updated On : 16 Jan 2025 | 10:45 PM IST

Reliance Retail Q3 results: Net profit grows 10.1% to Rs 3,458 crore

Reliance Retail Venture Ltd (RRVL) -- the retail arm of billionaire Mukesh Ambani-led Reliance Industries -- reported an 8.75 per cent increase in gross revenue to Rs 90,333 crore while its profit after tax (PAT) rose 10 per cent to Rs 3,458 crore for the December quarter, helped by pick-up in festive demand. The company had reported a gross income of Rs 83,063 crore and PAT of Rs 3,145 crore in the year-ago period, Reliance Industries Ltd said in a regulatory filing (RIL). Reliance Retail's revenue from operation during the quarter was up 7 per cent to Rs 79,595 crore from Rs 74,373 crore a year ago. Moreover, digital commerce and new commerce contributed to 18 per cent of the total revenue of Reliance Retail as it continued to scale these new-age channels. The pre-tax profit (EBITDA) of the country's leading retailer was also up 9.45 per cent in the December quarter at Rs 6,828 crore. The "growth driven by several productivity improvement initiatives and increased customer ...

Reliance Retail Q3 results: Net profit grows 10.1% to Rs 3,458 crore
Updated On : 16 Jan 2025 | 9:11 PM IST

Shein to re-enter Indian market after 4 years with Reliance's Ajio launch

Shein to re-enter Indian market after 4 years with Reliance's Ajio launch

Shein to re-enter Indian market after 4 years with Reliance's Ajio launch
Updated On : 24 Dec 2024 | 11:26 AM IST

Reliance's refining margins recover but retail remains uncertain: JPMorgan

One of the two drivers of Reliance Industries Ltd's recent underperformance - weak refining margin - has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing outperformance from earlier in the year. In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction. The company helmed by billionaire Mukesh Ambani has three main business verticals - oil refining and petrochemical business housed in oil-to-chemical (O2C) unit, telecom arm Jio and retail. It also has a media unit and a new energy business. Reliance Retail plus Telecom now account for about 50 per cent of total 2023-24 (FY24) consolidated EBITDA. These, JP Morgan estimates, will account for almost all of net EBITDA growth over the next three years. With an EBITDA run-rate of USD 20 billion

Reliance's refining margins recover but retail remains uncertain: JPMorgan
Updated On : 24 Nov 2024 | 1:03 PM IST

Reliance Retail shuts down Centro locations to focus on in-house brands

Reliance Retail is temporarily closing its Centro stores to revamp the format, shifting focus to its own brands and shop-in-shop models, with several outlets set to close this month

Reliance Retail shuts down Centro locations to focus on in-house brands
Updated On : 13 Nov 2024 | 9:42 AM IST

Jio IPO may be pegged at over $6 bn; listing expected in Q2 or Q3 of 2025

Reliance Retail could be valued between $125 bn and $150 bn at the time of IPO

Jio IPO may be pegged at over $6 bn; listing expected in Q2 or Q3 of 2025
Updated On : 05 Nov 2024 | 11:59 PM IST

From Reliance to Unilever, firms worried about low consumer demand in India

At least 7 of India's largest companies, including RIL's retail arm and consumer bellwether Hindustan Unilever Ltd., have flagged softer consumption demand and a challenging operating environment

From Reliance to Unilever, firms worried about low consumer demand in India
Updated On : 31 Oct 2024 | 6:59 AM IST

Coca-Cola may cut prices to face competition from Reliance's Campa Cola

Coca-Cola's price cut comes amid rival Campa Cola's aggressive expansion and lower pricing. The Reliance-backed brand's price strategy has pushed rival brands to adjust their strategies

Coca-Cola may cut prices to face competition from Reliance's Campa Cola
Updated On : 30 Oct 2024 | 1:13 PM IST

Ambani's Reliance plays catch-up to ride quick commerce wave in country

Reliance plans to leverage its 3,000 supermarkets in 1,150 cities for quick deliveries by deploying small teams operating from dedicated kiosks inside

Ambani's Reliance plays catch-up to ride quick commerce wave in country
Updated On : 30 Oct 2024 | 9:56 AM IST

Campa Cola's aggressive pricing forces Tata Consumer to revise rates

Tata Consumer Products Ltd (TCPL) beverage business got a hit from the aggressive pricing from rival Campa Cola, forcing it to go for a downward revision of its Tata Gluco Plus. Tata Consumer Product Ltd (TCPL) revenue from its ready-to-drink business declined 11 per cent in the September quarter owing to "competitive pricing action", said its Managing Director and CEO Sunil D'Souza during the post-result investors' call. Reliance Retails Campa Cola has disrupted the beverage market with its Rs 10 pack in PET bottle, forcing the rival beverage makers to reduce their prices to retain their market share and growth. When asked about the penetration and growth, without naming Campa, D'Souza said: "A new player coming in with a different price point disrupted the industry. While on paper it is Rs 10 versus Rs 10 ... it didn't surface quickly enough ... while the Rs 10 was the same to the consumer, the trade price was dramatically different." However other big multinationals such as Coke

Campa Cola's aggressive pricing forces Tata Consumer to revise rates
Updated On : 18 Oct 2024 | 11:35 PM IST

Reliance results: Weak O2C, Retail biz to keep shares sideways, say experts

RIL share price: Some brokerages have also cut Reliance Industries (RIL) share price targets, factoring-in the sluggishness seen in oil-to-chemical (O2C) and retail verticals

Reliance results: Weak O2C, Retail biz to keep shares sideways, say experts
Updated On : 15 Oct 2024 | 11:00 PM IST

Reliance Retail Q2FY25 results: Net profit rises 5% to Rs 2,935 crore

Revenue down due to weak performance in fashion and lifestyle business

Reliance Retail Q2FY25 results: Net profit rises 5% to Rs 2,935 crore
Updated On : 15 Oct 2024 | 12:04 AM IST

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

Can Reliance Retail double its turnover in 3-4 yrs, as Isha Ambani claims?
Updated On : 13 Oct 2024 | 9:24 PM IST