Home / Knowledge / News / Apparel/Garments / Sales soar 20% at Reliance Retail in Q2FY'15
Sales soar 20% at Reliance Retail in Q2FY'15
Oct '14
Revenues at Reliance Retail, the retail arm of Mukesh Ambani led – Reliance Industries Ltd (RIL) posted a 20 percent year-on-year hike in the second fiscal quarter ending September 30, 2014.

Continuing its growth momentum and as a result of focused expansion, Reliance Retail surpassed significant milestones in the quarter under review and recorded the highest revenue and PBDIT in any quarter.

Despite persistent inflation and slow consumption growth, sales at Reliance Retail soared from Rs 3,470 crore, up 20 percent from the prior year quarter to Rs 4,167 crore in the reporting quarter.

The business segment recorded a PBDIT growth of 96 percent from the same quarter of previous fiscal year to Rs 186 crore.

The retailer said, “As in the previous quarter, gross margin improvement with variable expense control and leverage of fixed expenses contributed to the strong PBDIT performance.”

Pre-tax profit also zoomed 41.4 percent at the largest player in the organised retail space to Rs 99 crore in the second fiscal quarter of 2014 from Rs 70 crore in corresponding quarter of 2013.

Reliance Retail said its store count has crossed over 2,000 operational stores spanning 155 Indian cities.

The fashion format of Reliance Retail - Reliance Trends inaugurated an in-house design studio and sampling facility in the quarter.

These facilities will enable sustainable superior fashion quotient and a significantly higher speed to market for its own brand products that contributed 67% of sales in the quarter.

“During the quarter, Reliance Trends further solidified itself as the preferred fashion destination for Indian shoppers,” the retailer informed.

Meanwhile, sales in the reporting quarter at its parent – RIL dropped 4.3 percent, from a year earlier quarter to Rs 113,396 crore.

However, PBDIT moved up 5.6 percent to Rs 11,879 crore and net profit inched up slower by 1.7 percent to Rs 5,972 crore, both rising from the second fiscal quarter of 2013. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search