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Reliance Retail’s income up 89 per cent

Reliance Retail’s income in 2018-19 is 89 per cent more than the previous year’s income. Reliance Retail’s valuations are 75 per cent more than market capitalisation of seven listed rivals put together. Its valuations dwarfs those of Avenue Supermarts, Future Retail, Trent and Spencer’s put together. Limited supply of Reliance Retail shares has driven up prices by 30 per cent to 40 per cent in the grey market. There is good demand for Reliance Retail shares in the unlisted market. Reliance Retail shares have started trading in the unlisted market.

Reliance Retail is India’s biggest retailer by revenue. The oil-to-telecom conglomerate is looking at various options to reduce debt. Its price to earnings ratio is 200 times its fiscal 2019 net profit. Profit before depreciation, interest and taxes has increased by 145 per cent.

Reliance Retail has grown over 45 per cent annually for the last five years. For fiscal ’19, Reliance Retail added 81 new stores in the grocery consumption basket taking the total count to 612 Reliance Fresh, Smart and Reliance Market stores. During the year, Reliance Retail opened 76 new digital stores, 2,219 Jio stores and operates more than 8,000 digital and Jio stores put together.

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Park Avenue Woman satisfies style and design needs through its new collection

Park Avenue Woman satisfies style and design needs through its new collection

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W launches new festive collection

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