Reliance Retail posts Q4 FY’22 results

07 May 2022, Mumbai:

Reliance Retail reported a 2.43 percent increase in pre-tax profit to Rs 3,705 crore in Q4 FY2022.

The retail arm of Reliance Industries (RIL) had posted a pre-tax profit or EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) of Rs 3,617 crore in the 2021 March quarter.

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Its revenue from operations of the organised retail segment stood at Rs 50,834 crore in the latest March quarter, up 23.09 percent from Rs 41,296 crore in the year-ago period.

Gross revenue increased by 23.27 percent to Rs 58,017 crore in the three months ended March 2022 against Rs 47,064 crore in the corresponding quarter.

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During the January-March quarter, Reliance Retail continued to add more stores and invest in network and infrastructure expansion.

It opened 793 stores and added 3.1 million sqft of warehousing and fulfillment space during the quarter.

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