<p>Mumbai: Country's leading retailer Reliance is aiming to double its business in next three to four years, its Director Isha Ambani said at the AGM.</p>.<p>For the financial year ended on March 31, 2024, Reliance Retail recorded a gross revenue of Rs 3.06 lakh crore (USD 36.8 billion), recording a growth of 17.8 per cent over the last year.</p>.<p>"With the strong foundation we have built, I am confident that we will achieve our goal of doubling our retail business in the next 3-4 years," said Isha Ambani.</p>.<p>Addressing the AGM, Reliance Chairman Mukesh Ambani said Reliance Retail has become among the top-5 global retailers in terms of the number of stores.</p>.<p>In terms of market capitalisation, Reliance Retail is among the top-10 retailers globally and among the top-30 in terms of revenues.</p>.RIL shareholders rewarded with one share for every share they hold.<p>"We opened 1,840 new stores this year, bringing our total store count to 18,836 stores, with a retail space of 79 million square feet in total," Mukesh Ambani said.</p>.<p>He also added that the retail business raised Rs 17,814 crore (USD 2.1 billion) on a valuation of USD 100 billion.</p>.<p>While sharing the segment's performance, Isha Ambani said in segments such as grocery, Reliance Retail has emerged as the largest, but also one of the fastest-growing retailers, expanding at 2.5 times the increase rate of the rest of the modern trade, she added.</p>.<p>"Our growth is driven by our focus on smaller towns, where over two-thirds of our new stores are opening. In many of these markets, we are the first modern retailer to establish a presence," she said.</p>.<p>On Reliance Retail Consumer Brands business, Isha Ambani said it is focused on creating high-quality products at affordable prices to drive greater consumption across India.</p>.<p>"We have re-launched several popular brands like Campa, Lotus Chocolates, and Sosyo. The early success of all these brands gives us confidence that we are on the right path," she added.</p>
<p>Mumbai: Country's leading retailer Reliance is aiming to double its business in next three to four years, its Director Isha Ambani said at the AGM.</p>.<p>For the financial year ended on March 31, 2024, Reliance Retail recorded a gross revenue of Rs 3.06 lakh crore (USD 36.8 billion), recording a growth of 17.8 per cent over the last year.</p>.<p>"With the strong foundation we have built, I am confident that we will achieve our goal of doubling our retail business in the next 3-4 years," said Isha Ambani.</p>.<p>Addressing the AGM, Reliance Chairman Mukesh Ambani said Reliance Retail has become among the top-5 global retailers in terms of the number of stores.</p>.<p>In terms of market capitalisation, Reliance Retail is among the top-10 retailers globally and among the top-30 in terms of revenues.</p>.RIL shareholders rewarded with one share for every share they hold.<p>"We opened 1,840 new stores this year, bringing our total store count to 18,836 stores, with a retail space of 79 million square feet in total," Mukesh Ambani said.</p>.<p>He also added that the retail business raised Rs 17,814 crore (USD 2.1 billion) on a valuation of USD 100 billion.</p>.<p>While sharing the segment's performance, Isha Ambani said in segments such as grocery, Reliance Retail has emerged as the largest, but also one of the fastest-growing retailers, expanding at 2.5 times the increase rate of the rest of the modern trade, she added.</p>.<p>"Our growth is driven by our focus on smaller towns, where over two-thirds of our new stores are opening. In many of these markets, we are the first modern retailer to establish a presence," she said.</p>.<p>On Reliance Retail Consumer Brands business, Isha Ambani said it is focused on creating high-quality products at affordable prices to drive greater consumption across India.</p>.<p>"We have re-launched several popular brands like Campa, Lotus Chocolates, and Sosyo. The early success of all these brands gives us confidence that we are on the right path," she added.</p>