Reliance Retail Ltd. announced its FY24 financials

09 December 2024

• Revenue-  In FY24, the company's revenue grew by 16%, rising from Rs. 2,23,653 cr. in FY23 to Rs. 2,58,388 cr., driven by robust performance across all product categories, including Consumer Electronics, Grocery, Apparel, and Footwear. This growth contributed to an increase in profitability, with profits climbing from Rs. 7,045 cr. in FY23 to Rs. 8,875 cr. in FY24. However, the company's EPS saw a decline, dropping from Rs. 13 to Rs. 11 during the same period.
• Financial Performance- In FY24, the company's total asset base expanded by 22%, increasing from Rs. 1,28,460 cr. in FY23 to Rs. 1,56,321 cr. Similarly, total equity witnessed a 22% growth, rising from Rs. 37,222 cr. in FY23 to Rs. 45,076 cr. in FY24.
• Business Outlook-The Indian retail market is among the fastest-growing globally and is projected to surpass US$1.4 tn by 2027. Reliance Retail's dedication to this dynamic sector is demonstrated by its significant investments across the retail value chain over the years. The company remains committed to driving innovation across formats and products, enhancing customer experiences, and meeting the evolving needs of consumers.