Reliance Retail Ventures (RRVL) announced on Thursday that its consolidated net profit for the December quarter increased by 10 per cent to US $ 42.1 million from US $ 38.4 million during the same time the previous year.
On a sequential basis, the topline jumped 20 per cent from US $ 8 billion in the July-September quarter, while the net profit climbed 22 per cent from US $ 346 million reported in Q2 FY ’25.
The business attributed the robust rise to a number of efforts aimed at improving productivity as well as higher customer interaction throughout the holiday season, which was fuelled by the introduction of new products and promotions.
Reliance Retail’s Q3 FY ’25 revenue from operations rose 7 per cent to US $ 970.0 million, up from US $ 907.0 million in Q3 FY ’24. EBITDA for the retail arm increased 9.5 per cent to US $ 83.3 million, compared to US $ 76.1 million in the same quarter last year.
The company reported gross revenue of US $ 1,100.1 million, marking an 8.8 per cent YoY and 18.4 per cent QoQ growth. It opened 779 new stores, bringing the total to 19,102, covering 77.4 million square feet. Footfalls reached 296 million, up 5 per cent YoY, while the customer base grew to 338 million. Digital and new commerce channels contributed 18 per cent of total revenue.
