Reliance Retail, the retail arm of Reliance Industries, turned its first profit since opening its first store over three years ago.

The company posted an annual profit after tax of INR1.82bn (US$38.2m), up from a loss of INR2.02bn last year, after receiving a tax refund of INR2.5bn.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Last week, Reliance unveiled a five-year business plan to make the company profitable by strengthening presence in multi-format retail stores, focusing on hypermarkets and building a “world class” infrastructure.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now