Reliance Retail clocks 28% jump in EBITDA in FY24, bets on partnerships, acquisitions to fuel growth

A key strength for the firm to achieve this is the wide portfolio of brands that make Reliance Retail a partner of choice.

Reliance Retail posted double-digit earnings growth in the year ended March 31 despite sluggish domestic consumption.

Gross revenue rose 18 percent to Rs 3.1 lakh crore from the previous year and EBITDA surged 28.4 percent to Rs 23,082 crore as Reliance Retail continued its robust profit growth trajectory.

The operator of Reliance Digital stores ended FY24 with 18,836 retail stores spread over 79 million sq. ft., which caters to more than 300 million registered customers.

Also Read | Reliance Industries' capital expenditure fell 7% in FY24, EBITDA rose by 16%

During the year gone by, Reliance Retail completed several strategic partnerships and acquisitions to strengthen its capabilities. It acquired the Sephora India franchise; the IP rights for Superdry for India, Sri Lanka and Bangladesh; the India business of Kiko Milano; and a majority stake in Ed-a-Mama among the notable ones.

In its annual report, Reliance Industries noted that the Indian retail market is one of the fastest growing in the world and is expected to cross $1.4 trillion by 2027.

Rising demand for premium and luxury products further fuels this growth trajectory, reflecting the evolving preferences with rising disposable incomes.

Therefore, two key opportunities for Reliance Retail are both, to focus on strengthening the end-to-end value chain to serve the fast fashion opportunity, while also catering to the growing demand for premium and luxury products in India.

A key strength for the firm to achieve this is the wide portfolio of brands that make Reliance Retail a partner of choice, as the firm is the largest omni-channel retailer with integrated stores, digital and new commerce platforms.

Reliance Retail, India’s largest retailer, operates an integrated network of stores and digital commerce platforms, catering to diverse consumer needs across electronics, fashion, grocery and connectivity consumption baskets.

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