Reliance Retail surprises all by more than doubling its net profit in the last three months

Mandeep Sethi 24 Jul 2021 80

The profit was helped by “judicious cost management and buoyed by investment income of ₹551 crore,” the company said in a statement...

Mukesh Ambani’s retail business grew over a fifth and its profit doubled in the last three months, contrary to what many had expected. The second wave of the pandemic did not hurt Reliance Retail, which contributes to nearly a quarter of the conglomerate’s bottom line, as much as the street had expected it to.

 

April-June 2021AmountYoY Growth
Sales₹38,547 crore21.9%
Profit₹962 crore123.2%

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