Business

Reliance Retail sells 18cr units at COVID-19, enough to dress up once in the UK, Germany and Spain

At the 44th Annual Meeting (AGM), Reliance Industries Limited (RIL) Chairman Mukesh Ambani highlighted the key outcomes of the conglomerate’s retail business, including providing jobs and recording profits during a pandemic.

“This year has been a real challenge for our business. Despite difficult and restrictive operating conditions, Reliance Retail has continued to provide industry-leading returns,” said Ambani. I will.

RIL has added 1,500 new stores. This was one of the largest retail expansions retailers made during this period, with 12,711 stores.

One-eighth of Indian shops with reliance retail.

RIL’s apparel business sold about 5 rack units per day and more than 18 chlore units annually. This is equivalent to dressing up the entire population of Britain, Germany and Spain once.

Ajio has emerged as one of the leading digital commerce platforms for fashion and lifestyle, with a portfolio of over 2,000 labels and brands and a list of over 5 racks of options. Ajio currently contributes more than 25% of RIL’s apparel business.

RIL has further strengthened its position in household appliances, selling 4.5 chlore electronic devices last year. That’s more than 120,000 units per day.

Reliance Retail, India’s largest grocery retailer, sold over 1 billion units of groceries, or about 300,000 rupees per day.

JioMart has registered a peak order of over 65,000 rupees per day.

Over the past year, more than 30,000 rupees of merchant or shopkeeper partners across 150 cities have been activated and empowered to physically and digitally transform their businesses.

Reliance Retail has created over 65,000 new jobs. Currently, it employs more than 20,000 rupees. We aim to create more than 100,000 rupees in employment over the next three years.

Reliance Retail continues to be the undisputed leader in organized retail in the country, more than six times larger than its next competitor.

Despite the difficult years, retailers had a rupee income. 153,818 Chlore, and Rs EBITDA. 9,842 Chlore.

Disclaimer:Network18 and TV18, which operate news18.com, are managed by Reliance Industries’ sole beneficiary, Independent Media Trust.

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Reliance Retail sells 18cr units at COVID-19, enough to dress up once in the UK, Germany and Spain

Source link Reliance Retail sells 18cr units at COVID-19, enough to dress up once in the UK, Germany and Spain

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