Digital and new commerce business accounted for 18% of the total revenue of Reliance Retail in Q3 FY25
Reliance Retail’s operating revenue jumped 7% to INR 79,595 Cr during the quarter under review from INR 74,373 in the same quarter of previous year
Reliance said its flagship fashion ecommerce brand AJIO onboarded 1.9 Mn new customers during the quarter ended December 2024
Digital and new commerce business accounted for 18% of the total revenue of Reliance Retail in the third quarter of the financial year ending March 2025 (Q3 FY25).
“Retail segment delivered a strong performance, with noteworthy contribution from all formats. The business ably capitalised on the pick-up in consumption amid festive demand during the quarter,” Reliance Industries Ltd (RIL) CMD Mukesh Ambani said.
Overall, Reliance Retail’s operating revenue jumped 7% to INR 79,595 Cr during the quarter under review from INR 74,373 in the same quarter of previous year. Net profit rose 10% to INR 3,458 Cr from INR 3,145 Cr in Q3 FY24.
Reliance said its flagship fashion ecommerce brand AJIO onboarded 1.9 Mn new customers during the quarter ended December 2024.
Meanwhile, JioMart expanded its product range with a 33% year-on-year increase in the seller base. RIL said that JioMart continued to scale its express delivery proposition and saw a robust growth in its performance parameters.
“The operating model leverages existing infrastructure enabled through a network of 2,100 stores, leading to strong unit economics. The proposition is being operated across 4,000 pin codes using a hyperlocal model capturing larger basket size through a full range of grocery, general merchandise, electronics and fashion categories thereby resulting in industry leading AOV,” the company said in a statement.
(The story will be updated soon.)
