Reliance Retail Q2 Result | Net Profit rises 74% to Rs 1,695 crore, revenue grows 11% to Rs 45,450 crore

Reliance retail (Image: Shutterstock)

Reliance Retail, the retail arm of oil-to-telecom behemoth Reliance Industries, increased its revenues by 18% to Rs 45,450 crore as compared to Rs 38,563 crore logged in the previous quarter. On a YOY basis, revenues are higher by 11% from Rs 41,124 crore.

EBITDA jumped 50% to Rs 2,923 crore from Rs 1,953 crore in the previous quarter. On a YOY basis, EBIDTA increased by 44% from Rs 2,029 crore.

Net profit at Rs 1,695 crore, was higher by 74% from the previous year.

The stellar performance came at the back of robust performance from all business segments, better reach of JioMart Stores, strong growth in consumer electronics, digital platforms and luxury / fashion businesses.

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