Reliance Retail's annual net profit crosses ₹10K cr
Business Standard|April 23, 2024
Grocery clocks highest growth, followed by fashion and lifestyle
SHARLEEN D'SOUZA
Reliance Retail's annual net profit crosses ₹10K cr

Reliance Retail on Monday reported a ₹11,101 crore net profit for the financial year ended March 31, 2024 (FY24), with its annual profit crossing the ₹10,000 crore mark for the first time. The grocery business clocked the highest growth in FY24 at 31 percent.

Fashion and lifestyle grew at about 23 per cent, and consumer electronics grew 18 percent, said Dinesh Taluja, chief financial officer (CFO), Reliance Retail.

The firm logged 11.7 per cent year-on-year (Y-o-Y) growth in net profit at ₹2,698 crore in the quarter ended March 31, 2024 (Q4FY24).

This story is from the April 23, 2024 edition of Business Standard.

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This story is from the April 23, 2024 edition of Business Standard.

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