Reliance Retail posts record revenue

Reliance Retail on Friday announced record-high revenue from operations at Rs 57,694 crore in the July-September quarter, up around 12% quarter-on-quarter, pushed by strong festive demand across all categories. On a year-on-year basis, the revenue was up about 45%.

However, the company’s Ebitda margins in Q2FY23 fell by 20 basis points to 7.4%, from Q1FY23’s 7.6%, hurt by increased input costs. It was at 6.1% in Q2FY22. The company’s financials also showed Reliance Retail’s earnings before interest, taxes and depreciation and amortisation (Ebitda) increased 15% sequentially to Rs 4,404 crore and 51% on a YoY basis, making it company’s highest-ever.