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

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Cipla Shares

Cipla Shares

Cipla jumps after key generic launch.  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit.  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks.  Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter.  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past.  Full Article 

Reuters India Mobile

Reuters India Mobile

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