Company Overview of Reliance Retail Limited
Reliance Retail Limited 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 and well-being products, as well as educational produc...
Maker Chambers IV
222, Nariman Point
Founded in 1998
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
Senior Vice President of Corporate Affairs Division
Compensation as of Fiscal Year 2013.
Reliance Retail Limited Key Developments
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.
Amira Nature Foods Ltd Announces Launch of Amira Branded Products in Reliance Retail Limited
Dec 16 13
Amira Nature Foods Ltd. announced that it has launched its Amira branded products in Reliance Retail Limited stores. Amira will be selling 12 brands consisting of over 20 different SKUs across the 650 RRL stores across India.
Reliance Retail to Close 16 Apple Outlets in India
Dec 5 13
Reliance Retail planned to close 16 of its 20 Apple iStores due to non-compliance with the global store design specified by the iPhone manufacturer. This move would upset the efforts of the US firm to strengthen its smartphone sales in the Asian country, where it currently lags behind Samsung. On the other hand, Reliance Retail will be able to intensify its focus on Digital Xpress, a new multi-brand format.
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