Reliance Jio and Reliance Retail were standout performers for Reliance Industries in the second quarter.
Jio continued to impress with its robust performance. But Reliance Retail surprised with its revenues more than doubling to Rs 32,346 crore in the second quarter.
Mukesh Ambani has been talking about retail in the same breath as telecom, referring to both as “consumer businesses”.
Reliance’s aim over the next decade is to earn 50% of its overall revenues from the consumer business.
What's the way forward for Reliance Retail ?
The division aims to increase revenues by adding more stores across the various verticals—Lifestyle, food & grocery, and consumer electronics
In fuel retailing too, the company plans to add more outlets and boost revenues through higher volume sales.
Sakshi Batra does a 3 point analysis on how Reliance Retail could be the next big thing for Reliance Industries. Tune in to accompanying video to find out and also read the full story by Krishna Karwa on moneycontrol.comDisclaimer: Reliance Industries Ltd., which owns Jio, is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.The Great Diwali Discount!
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