Reliance Industries said its retail arm, Reliance Retail, booked an increase in nine-month sales.
In the period to the end of December, turnover reached INR77.49bn (US$1.4bn), a 44% increase on the prior year period.
Go deeper with GlobalData
The retailer said it continued its store expansion across value and speciality formats in the period and experienced “strong” same store sales growth ranging from 10% to 25% across all formats over the last year.
At the end of December, Reliance operated around 1,400 stores in 129 cities across India. The retailer said it will be looking to “aggressively” roll out more Reliance Market stores in the following months.
See Also:
