Reliance Retail net profit rises 114.2% to Rs 2,061 cr in June quarter

Reliance Retail added 79 warehousing and fulfilment locations in Q1, measuring 3.3 million sq ft of space during the quarter

Reliance Retail registered a 114.2 per cent rise in net profit at Rs 2,061 crore for the April-June quarter compared to last year, while its EBIDTA increased 97.7 per cent to Rs 3,837 crore.

The country’s largest retailer's cash profit for the quarter rose 105.2 per cent to Rs 2,873 crore. 

Reliance Retail said it delivered its best-ever quarterly (gross) revenue at Rs 58,554 crore, up 51.9 per cent year-on-year, as the company said its business witnessed no operating disruptions since the onset of Covid. Revenue from operations was up 53.7 per cent YoY to Rs 51,582 crore in the