Home / Knowledge / News / Apparel/Garments / Reliance Retail bags top rank in Indian retail market
Reliance Retail bags top rank in Indian retail market
Aug '13
The retail arm of Reliance Industries Limited (RIL), Reliance Retail has become the country's topmost retail chain. The company led by Mukesh Ambani has reported growth due to its presence in numerous formats.

Reliance Retail announced revenue of Rs 3,474 crore for the quarter which is a 53 percent jump from the revenue earned in the same quarterduring last year. It has reported an operating profit of Rs 70 crore. "Reliance Retail's faster growth is attributed to its presence in a large number of formats and its ability to scale fast," said DhvaniBavishi, analyst at domestic brokerage ICICI securities.

The biggest drivers in this growth are cash-and carry stores developed by the retail chain. Known as Reliance Market, the first cash-and-carry store opened in Ahmedabad in September 2011. At the end of 2012-13, 56 percent of Reliance Retail's revenue of Rs 10,800 crore came from its value segment that operated grocery chains like Reliance Fresh, Reliance Super and Reliance Hyper.

The company is rapidly expanding its cash-and-carry segment. It has opened six stores in the June quarter, which helped the company to gain a 53 percent growth in revenue. The cash-and-carry segment in our country was previously dominated by global retail giants. The retail arm of Reliance is the first Indian company to have entered in this segment.

Reliance Retail has been operational since last eight years and it has achieved the topmost position in the industry in a short span of time. The company is strategically divided in phases like 1.0, 2.0, 3.0 and 4.0 and caters in specified business segments like value, digital, lifestyle, jewellery and brands.

At the last annual general meeting, MukeshAmbani said, "We want to make retail business as one of our growth engines over the next few years. I am confident that our retail business would undertake multi-fold growth in the next few years by delivering over 50 percent revenue growth in various format sectors year-on-year and is on its way to achieve revenue target of Rs 40,000-50,000 crore as shared by me in our last AGM."

As a part of its expansion strategy, RIL has added 184 stores across format sectors. It is also planning to capture the consumers in tier-2 and tier-3 cities. Currently, the company owns around 1,500 stores in 130 cities across the country. "Our multi-format strategy is paying huge dividends with most of the formats having positioned themselves as market leaders and is poised for strong growth in the future." added Ambani.

Reliance Industries Limited

Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search