Page 6 - Reliance Retail

Reliance Retail Q4FY24 results: Net profit rises 11.7% to Rs 2,698 crore

Reliance Retail's annual net profit crosses Rs 10K cr; grocery clocks highest growth, followed by fashion and lifestyle

Deepika Padukone co-founded 82°E partners with Reliance Retail's Tira

Through this collaboration, 82°E, which operates in skincare, body care, and men's ranges, will have a first-time retail experience through an offline presence, according to a statement

Private equity investment falls 6-year low to $24.2 billion in FY24

Despite the slowdown in the financial year gone by, private equity firms and bankers are optimistic about the future

Business Standard Manthan 2024: 'Next Chanel will be from India'

Panelists agree that Indian luxury brands will expand footprints across globe

Reliance jumps 4% as Goldman Sachs sees up to 56% upside in stock by FY26

The brokerage has raised its target price to Rs 3,400 from Rs 2,925 in a base-case scenario, reflecting a potential upside of 18 per cent from RIL's last close

Reliance Consumer to bring Sri Lankan beverage Elephant House to India

With this tie-up, RCP adds another brand to its beverage portfolio. It already has brands such as Campa, Sosyo and Raskik

Flipkart in talks to potentially acquire Reliance-backed startup Dunzo

Despite having raised approximately $500 million to date, Dunzo has faced increased competition in the hyperlocal delivery segment

Reliance Consumer to acquire Ravalgaon Sugar confectionery brands

Reliance Consumer will acquire Ravalgaon Sugar confectionery's brands, including Coffee Break and Paan Pasand, in a Rs 27 crore deal. Ravalgaon Sugar Farm, which owns brands such as Mango Mood, Coffee Break, Tutty Fruity, Paan Pasand, Choco Cream and Supreme, has sold its trademarks, recipes, all intellectual property rights to Reliance Consumer Products Ltd (RCPL), as per a regulatory filing. In the filing, Ravalgaon Sugar Farm said its board "approved the sale, transfer and assignment of the trademarks, recipes, all intellectual property rights, including all rights, interests, and protections associated therewith, relating to the company's sugar boiled confectionery business to RCPL for a consideration of Rs 27 crore". A deed of assignment by its promoters Harshavardhan Bharat Doshi, Nihal Harshavardhan Doshi, and Lalan Ajay Kapadi has also been executed, it added. RCPL is a subsidiary of Reliance Retail Ventures Ltd (RRVL), which is the retail arm of Mukesh Ambani-led Reliance

Reliance Retail Q3 results: Net profit surges 32% to Rs 3,165 crore

Reliance Retail continued to expand and added 252 new stores in the quarter and also saw its footfalls cross 282 million across formats

Reliance Retail Q3 profit rises 31.87% to Rs 3,165 cr; revenue up 23.7%

Reliance Retail Venture Ltd (RRVL) on Friday reported a 31.87 per cent rise in its net profit to Rs 3,165 crore for the third quarter ended in December 2023. Its revenue from operations surged 23.75 per cent to Rs 74,373 crore in the December quarter of FY24, led by its grocery, fashion & lifestyle and consumer electronics businesses. The retail arm of billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) posted a net profit of Rs 2,400 crore in the October-December quarter of FY2022-23, and its revenue from operations was Rs 67,623 crore. The gross revenue of Reliance Retail was up 22.83 per cent to Rs 83,063 crore in the December quarter. Its EBITDA margin from operations on net sales was at 8.1 per cent, up 40 bps Y-o-Y driven by operating leverage and continued focus on cost management, said an earning statement from RIL. During the quarter, Reliance Retail added 252 new stores to its network, taking the total count to 18,774 stores. At the end of the December quarter, ..

The story of organising retail

Traders are still apprehensive about big retail, but organised players from Reliance Retail to Walmart are eager to forge alliances with them

Malls registered high demand this year, trend likely to continue in 2024

Most malls that opened in 2023 had commitments even before they became operational, and were occupied soon after their opening

Reliance Retail to scale up distribution of clothing under B2B venture

Reliance Retail has launched over 50 exclusive brands and plans to increase the number by 2-3 times, under its strategy to expand the fashion business beyond its own stores

France's fashion group SMCP strikes deal with Reliance to expand into India

Reliance Brands, a subsidiary of Ambani's Reliance Retail, has partnership deals with dozens of high-end European and American labels, including Bottega Veneta, Burberry, Valentino and Tiffany

Reliance Retail, Naturals Salon call off acquisition deal over valuation

Last year, Business Standard reported that Reliance Retail would foray into the salon business by acquiring a 49% stake in Naturals Salon & Spa

Reliance to take 'Swadesh' store to US, Europe retailing traditional art

Country's leading retailer Reliance Retail has plans to take its Swadesh store, retailing traditional Indian art and craft, to the US and Europe. Reliance Retail on Wednesday opened its first standalone store of Swadesh at Hyderabad, which was inaugurated by Nita Ambani, Founder and Chairperson of Reliance Foundation. Spread over 20,000 square feet, Swadesh store would have over 400 products of handmade textiles, handicrafts, agricultural products that are listed with geographical indications. It has facilitated the sourcing of 100 per cent authentic crafted products, directly from artisan communities having signed an agreement with the Ministry of Textiles. "Swadesh is an ode to India's traditional arts and artisans. It's our humble initiative to preserve and promote our country's age-old arts and crafts. Swadesh highlights the spirit of 'Make in India' and offers respect and sustenance to our skilled craftsmen and craftswomen," said Nita Ambani. Swadesh products are the pride of

Reliance Retail's first standalone 'Swadesh' store opens in Hyderabad

Founder and Chairperson of Reliance Foundation Nita Ambani on Wednesday inaugurated the first Swadesh' store by Reliance Retail here. Speaking at the launch of the first standalone Swadesh store Nita Ambani said, Swadesh is an ode to India's traditional arts and artisans. It's our humble initiative to preserve and promote our country's age-old arts and crafts. Swadesh highlights the spirit of Make in India' and offers respect and sustenance to our skilled craftsmen and craftswomen. Through Swadesh we hope to give them the global recognition that they richly deserve. That is why we are excited to expand Swadesh not just across India, but internationally too, in the US and Europe, she said, according to a release. The first Swadesh store in Jubilee Hills in the city, spread across 20,000 sq ft, will house an eclectic collection of carefully curated products made entirely by hand by India's skilled and talented artisans using long forgotten techniques and local materials, it said. The

Reliance Beauty buys Sephora India rights from Arvind Fashions for Rs 99 cr

The buyout gives Reliance Retail Ventures exclusive rights to build and enhance Sephora's presence in India across channels

Arvind Fashions to sell Sephora retail division to Reliance for Rs 99.02 cr

Reliance launched its own beauty retail platform, Tira, in April to take on the likes of Nykaa and the Tata Group

Reliance Retail, SBI Card collaborate to launch Reliance SBI card

SBI launched a credit card in collaboration with Reliance Retail for shopping at Reliance Retail outlets. These cards are available in two variants, Reliance SBI Card, and Reliance SBI Card PRIME