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Reliance Industries revenues up 31.9%
23 Apr '12
5 min read
Production of ethylene and propylene was 1.8 million tonnes and 752,000 tonnes, an increase of by 10% and 8% respectively. This was due to normalized production during the FY 2011-12 period vis-à-vis cracker turnarounds at Hazira, Nagothane and Dahej manufacturing divisions during the previous year. Polymer (PP, PE and PVC) production increased by 9% to 4.5 million tonnes.
Organised Retail segment:
FY 2011-12 has been a year of growth with consolidation for Reliance Retail. The company witnessed strong growth in sales from existing stores and added new stores across all its formats.
Reliance Retail also implemented a slew of strategic initiatives aimed at maximizing efficiencies, value and utilization of assets apart from promoting faster growth. Under its value format, the company launched its new prototype of 'Reliance Mart' and 'Reliance Super'. The new stores have received an overwhelming response from customers.
During the year, two of the company's specialty formats 'Reliance Trends', the apparel specialty format and 'Reliance Digital', the electronics specialty format attained leadership in their respective segments of retail in the market. The two formats have more than doubled their store count in last one year with 'Reliance Trends' and 'Reliance Digital' now operating 90 and 74 stores respectively across the country.
In addition, Reliance Retail has rapidly expanded the store network it operates through strategic partnerships, with premium and luxury brands such as Marks & Spencer, Diesel, Timberland, Quiksilver, Roxy and others.
During the year, Reliance Brands announced partnerships with:
- Iconix Brand Group, a brand management company that owns the fashion and home brands such as Ed Hardy, Mossimo, London Fog and Ocean Pacific. The partnership will own the brand rights from the Iconix portfolio for the Indian territory.
- Kenneth Cole to license the merchandise for retail and premium wholesale in India for the American clothing brand.
Reliance Retail now operates more than 1,300 stores across 18 states and operates over 6.5 million square feet of retail space. The company's loyalty membership program 'Reliance One' has grown to over 9 million members. Reliance Retail will be rolling out more stores in FY 2012-13 which are currently in various stages of construction and planning.
Click here to view and download complete fiscal 2011-12 results.
Organised Retail segment:
FY 2011-12 has been a year of growth with consolidation for Reliance Retail. The company witnessed strong growth in sales from existing stores and added new stores across all its formats.
Reliance Retail also implemented a slew of strategic initiatives aimed at maximizing efficiencies, value and utilization of assets apart from promoting faster growth. Under its value format, the company launched its new prototype of 'Reliance Mart' and 'Reliance Super'. The new stores have received an overwhelming response from customers.
During the year, two of the company's specialty formats 'Reliance Trends', the apparel specialty format and 'Reliance Digital', the electronics specialty format attained leadership in their respective segments of retail in the market. The two formats have more than doubled their store count in last one year with 'Reliance Trends' and 'Reliance Digital' now operating 90 and 74 stores respectively across the country.
In addition, Reliance Retail has rapidly expanded the store network it operates through strategic partnerships, with premium and luxury brands such as Marks & Spencer, Diesel, Timberland, Quiksilver, Roxy and others.
During the year, Reliance Brands announced partnerships with:
- Iconix Brand Group, a brand management company that owns the fashion and home brands such as Ed Hardy, Mossimo, London Fog and Ocean Pacific. The partnership will own the brand rights from the Iconix portfolio for the Indian territory.
- Kenneth Cole to license the merchandise for retail and premium wholesale in India for the American clothing brand.
Reliance Retail now operates more than 1,300 stores across 18 states and operates over 6.5 million square feet of retail space. The company's loyalty membership program 'Reliance One' has grown to over 9 million members. Reliance Retail will be rolling out more stores in FY 2012-13 which are currently in various stages of construction and planning.
Click here to view and download complete fiscal 2011-12 results.
Reliance Industries Limited
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