Company Overview of Reliance Retail Limited
Reliance Retail Limited offers retail services. The company has been set up to initiate, acquire, set-up, construct, establish, maintain, run, operate and manage business centres, hyper markets, departmental stores, super markets, shopping malls, discount stores, specialty stores, shopping outlets, convenience stores etc. and to render services. The company retail outlets offer foods, groceries, apparel and footwear, lifestyle and home improvement products, electronic goods, and farm implements and inputs. The company’s outlets also provide vegetables, fruits, and flowers. The company focuses on consumer goods, consumer durables, travel services, energy, entertainment and leisure, and health...
Lokmanya Tilak Marg
Founded in 1999
Key Executives for Reliance Retail Limited
President and Chief People Officer
Chief Operating Officer of Value Formats
Chief Executive Officer of Value Format Division
President of Corporate Planning
Compensation as of Fiscal Year 2014.
Reliance Retail Limited Key Developments
Reliance Retail to Close Down 100 Fresh Stores
Jul 9 14
Reliance Retail announced that it is planning to shut down over 100 Reliance Fresh stores, as it increases it's focus on India's $450 billion wholesale cash-and-carry business.
Reliance Retail And Bharti Enterprises Reportedly In Talks To Acquire India Assets Of Carrefour
Jul 8 14
Reliance Retail Limited and Bharti Enterprises Limited are understood to be in talks to buy India assets of Carrefour SA (ENXTPA:CA), that has decided to exit the country by closing its five stores, reported Business Standard citing industry sources. According to industry sources, the availability of ready-made cash and carry stores and associated infrastructure is drawing interest of Reliance Retail and Bharti. When contacted by Business Standard, Reliance Retail and Bharti Enterprises spokespersons declined to comment. Frank Kenner, Regional Director of Carrefour India, declined to comment on talks regarding selling its India assets.
Reliance Retail Announces Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
Jan 18 14
Reliance Retail announced earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company posted a 38% growth in revenues at INR 39,270 million, against INR 28,390 million posted in the same period last year. The company achieved INR 1,060 million profit before depreciation, interest and taxes in the quarter.
The company reported revenues of INR 108,570 million in the first nine months against INR 77,490 million in the corresponding period of the previous year, a growth of 40%. The company achieved INR 2,710 million profit before depreciation, interest and taxes in the period.
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