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What Helped Reliance Retail Defy Consumption Slowdown
Here’s what helped Reliance Retail during the slowdown.
22 Oct 2019, 11:23 AM IST
India’s largest retailer reported its highest margin in at least 10 quarters, aided by private labels and expansion into smaller cities, at a time the economy grew at its slowest pace in six years.Reliance Retail Ltd.’s revenue jumped 27 percent year-on-year to Rs 41,203 crore in the three months ended September, according to parent Reliance Industries Ltd.’s disclosures. Of this, core operations including consumer electronics, groce...
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