Reliance Retail crosses a billion transaction benchmark in FY23, to ramp up FMCG business

Reliance Retail has crossed the milestone of a billion transactions in FY23 and its registered customer base reached 249 million, said the latest annual report of Reliance Industries. In FY23, Reliance Retail’s digital commerce and new commerce businesses contributed to 18 per cent of its revenue, which stood at Rs 2.60 lakh crore.

The company added 3,300 new stores, taking the total count to 18,040 stores with a total area of 65.6 million square feet and has plans to “continue to expand reach into Tier 2 and 3 markets through store network expansion”.