Growing at 18%, Reliance Retail's revenue to surpass Rs 3 lakh crore in FY24

Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, on Monday reported a 17.8 per cent increase in its annual revenue at Rs 3.06 lakh crore in FY24.

In the fourth quarter ended March this year, Reliance Retail's consolidated gross revenue stood at Rs 76,627 crore, up 10.62 per cent annually, while its net profit rose 11.7 per cent to Rs 2,698 crore.

This year-on-year growth was led by the retailer's consumer electronics and fashion & lifestyle businesses, according to the earnings statement of RIL.