Reliance Retail

Reliance Retail plans to ‘rapidly’ scale its online business, expand dark stores and strengthen omni-channel capabilities, CFO Dinesh Taluja told PTI. The company plans to evaluate markets and focus investments accordingly, he added.

In this video, we take a closer look at how Mukesh Ambani, the chairman of Reliance Industries, is strengthening his businesses for the next decade. From expanding his empire in telecom, retail, and financial services, to disrupting traditional business models, Ambani has been making bold moves to prepare for the future. One of the examples we explore is Jio Financial Services, which plans to spin off as an independent entity and list separately on the stock market, leveraging its massive market opportunity to tap into loans for India's consuming class. Reliance Retail is also dominating the Indian retail market, adopting a multi-format strategy, while Jio is now the largest telecom operator in India with plans to launch 5G services. With a healthy balance sheet and reserves, Reliance Industries is expected to continue its growth trajectory, making it a force to be reckoned with in the business world.

Two of the country's richest tycoons, Mukesh Ambani and Gautam Adani, have adopted different strategies to grow their wealth

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Estimates suggest that the country’s beauty and personal care market is set to touch ₹2.2.trillion by 2025. Reliance Retail’s beauty app Tira is set to go live for customers in Coming Weeks after the retailer opened up the app for employees last month. Tira branded stores selling Skin Care And Cosmetic Products are set to open, too, with the first store expected to open in Mumbai in April. Reliance’s entry is set to heat up competition in the Beauty Retailing Market—that for long lacked organized retail chains, leaving consumers to shop for such products from Mom-And-Pop Stores. However, things are different now—an Uptick In Demand for beauty and personal care products and an explosion of Both Online And Offline Retail has livened up the market. In this video, we will understand How Reliance Intends To Launch Stores And Capture The Market.

India's retail war

This video talks about how Big Basket is slowly emerging as one of the strongest e-Commerce markets in the country. By competing with some online grocery retail giants and tapping into the Indian consumer, Big Basket is continuing to dominate the sector with its strong presence.

This video talks about how Big Basket is slowly emerging as one of the strongest e-Commerce markets in the country. By competing with some online grocery retail giants and tapping into the Indian consumer, Big Basket is continuing to dominate the sector with its strong presence.

During Q3FY23, RIL garnered a consolidated net profit of ₹15,792 crore declining by 14.8% from ₹18,549 crore a year ago same period. However, revenue from operations climbed by 15% to ₹2.20 lakh crore in Q3 of the current fiscal versus ₹1.91 lakh crore in the same period last year.

The company’s revenue from operations grew 18.6% year-on-year to touch ₹60,096 crore.