Home / Knowledge / News / Apparel/Garments / Reliance Retail's revenues crossed ₹69,000 cr in FY18
Reliance Retail's revenues crossed ₹69,000 cr in FY18
05
Jul '18
RIL chairman Mukesh Ambani (right) with wife Neeta Ambani and son Anant Ambani at the 41st AGM of RIL. Courtesy: RIL
RIL chairman Mukesh Ambani (right) with wife Neeta Ambani and son Anant Ambani at the 41st AGM of RIL. Courtesy: RIL
Reliance Retail’s 7,500 stores received over 350 million footfalls in fiscal 2017-18 and its revenues crossed ₹69,000 crore, a growth of over 100 per cent year on year, Reliance Industries Ltd chairman and managing director Mukesh Ambani told the 41st annual general meeting of the company in Mumbai today. Over 4,000 new stores were opened during the year.

Reliance Digital is the largest consumer electronics retailer and Reliance Trends continues to be the largest fashion retailer in India, selling nearly 1.2 crore garments a month, he said.

In petrochemicals, the group launched R-Elan, a super micro-denier polyester with unique anti-sweat and anti-bacterial properties for use in active wear and its RecoSilk and SuperFeel products have emerged as products of choice in ladies fashion wear, Ambani said.

The world's largest paraxylene (PX) complex was established in Jamnagar in Gujarat and Reliance Petrochemicals today is the second largest PX producer in the world, with the Jamnagar unit having the distinction of being the largest PX manufacturing facility in the world with an annual production capacity of 4.2 million tonnes, he added. PX is used in manufacturing polyster. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

New EU rules for a fairer online economy apply from Jul 12

E-commerce | On 11th Jul 2020

New EU rules for a fairer online economy apply from Jul 12

The European Commission recently published a set of resources to help ...

Pic: Inditex

Retail | On 11th Jul 2020

Inditex to invest €2.7 billion for 2020-2022 plan

Inditex, a Spanish fashion retailer, has announced that to accelerate ...

Pic: Shutterstock

E-commerce | On 11th Jul 2020

ING Bank launches fashion marketplace in Romania

ING Bank, the fourth-largest bank by assets in Romania, launched its...

Interviews View All

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

Anupam Chakrabarty,

Anupam Chakrabarty

Headquartered in Finland, Helsinki, Lindström Group is a textile rental...

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2020

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


Advanced Search