Reliance Retail posts 25 pct growth in FY12

MUMBAI Tue May 8, 2012 11:17pm IST

An employee arranges vegetables in the fresh foods section of a Reliance Fresh supermarket in Mumbai October 16, 2011. REUTERS/Danish Siddiqui/Files

An employee arranges vegetables in the fresh foods section of a Reliance Fresh supermarket in Mumbai October 16, 2011.

Credit: Reuters/Danish Siddiqui/Files

Related Topics

Stocks

   

MUMBAI (Reuters) - Reliance Retail, a unit of Mukesh Ambani-controlled Reliance Industries (RELI.NS), posted a 25 percent revenue growth in 2011/12 as demand at existing stores remained robust, Reliance Industries said in its annual report.

Reliance, which disclosed its retail unit's performance for the first time, reported revenues of 75.99 billion rupees in 2011/12.

Its same-store sales growth jumped 20 percent in most of its retail formats, the company said.

Same-store-sales growth records the performance of stores that are at least a year old and is a key guage of profitability for retailers.

Reliance, which added 200 stores across various formats in 2011/12, runs 1,300 retail stores at the end of the financial year ended March 31, 2012.

Out of the total store count, it operates 700 hypermarkets - supermarkets under its value format - which is the largest contributor to its revenues.

The company operates over 15 distribution centres for fresh food and over 50 facilities comprising collection centres and processing centers.

(Reporting by Nandita Bose; editing by Malini Menon)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Markets

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage