<p>New Delhi: Reliance Retail Venture Ltd (RRVL) on Friday reported a 21.04 per cent rise in its net profit to Rs 2,790 crore for the second quarter ended September 30, on growth across consumption baskets, increase in footfalls and new store openings.</p>.<p>Its revenue from operation surged 19.48 per cent to Rs 68,937 crore in the September 2023 quarter.</p>.<p>The retail arm of Reliance Industries Ltd (RIL) posted a net profit of Rs 2,305 crore in the July-September quarter of FY23, and its revenue from operations was Rs 57,694 crore.</p>.<p>Its gross revenue in the quarter was Rs 77,148 crore, up 18.83 per cent.</p>.<p>This was led by 'well-rounded growth across consumption baskets', said an earning statement from RIL.</p>.<p>Reliance Retail added 471 new stores in its network during the July-September period, taking the total count to 18,650 stores with an area of 71.5 million sq ft at the end of the quarter.</p>.<p>'The quarter recorded footfalls of over 260 million across formats, a growth of 40.5 per cent year-on-year,' it said.</p>.<p>During the quarter, its digital commerce and new commerce businesses continued to grow and contributed 19 per cent of the revenue.</p>.<p>Reliance Retail also raised Rs 15,314 crore from global marquee investors at a valuation of over $100 billion during the September quarter.</p>.<p>"The business completed equity fund raise of Rs 15,314 crore in the current round from global marquee investors," RIL noted.</p>.<p>Commenting on the results, RIL Chairman and Managing Director Mukesh D Ambani said Reliance Retail has continued to rapidly expand its offline as well as online presence while adding to its already impressive range of products and offerings.</p>.<p>"We are providing a fresh and friendly shopping experience across our seamless ecosystem. The strength and diversity of our retail business model is consistently delivering robust performance," he said.</p>.<p>RRVL is the holding company of Reliance Retail.</p>
<p>New Delhi: Reliance Retail Venture Ltd (RRVL) on Friday reported a 21.04 per cent rise in its net profit to Rs 2,790 crore for the second quarter ended September 30, on growth across consumption baskets, increase in footfalls and new store openings.</p>.<p>Its revenue from operation surged 19.48 per cent to Rs 68,937 crore in the September 2023 quarter.</p>.<p>The retail arm of Reliance Industries Ltd (RIL) posted a net profit of Rs 2,305 crore in the July-September quarter of FY23, and its revenue from operations was Rs 57,694 crore.</p>.<p>Its gross revenue in the quarter was Rs 77,148 crore, up 18.83 per cent.</p>.<p>This was led by 'well-rounded growth across consumption baskets', said an earning statement from RIL.</p>.<p>Reliance Retail added 471 new stores in its network during the July-September period, taking the total count to 18,650 stores with an area of 71.5 million sq ft at the end of the quarter.</p>.<p>'The quarter recorded footfalls of over 260 million across formats, a growth of 40.5 per cent year-on-year,' it said.</p>.<p>During the quarter, its digital commerce and new commerce businesses continued to grow and contributed 19 per cent of the revenue.</p>.<p>Reliance Retail also raised Rs 15,314 crore from global marquee investors at a valuation of over $100 billion during the September quarter.</p>.<p>"The business completed equity fund raise of Rs 15,314 crore in the current round from global marquee investors," RIL noted.</p>.<p>Commenting on the results, RIL Chairman and Managing Director Mukesh D Ambani said Reliance Retail has continued to rapidly expand its offline as well as online presence while adding to its already impressive range of products and offerings.</p>.<p>"We are providing a fresh and friendly shopping experience across our seamless ecosystem. The strength and diversity of our retail business model is consistently delivering robust performance," he said.</p>.<p>RRVL is the holding company of Reliance Retail.</p>