Reliance Retail Q3 Revenue Jumps 8% to ₹97,605 Crore; Profit Up 2.7%

• Reliance Retail Ventures reported an 8% revenue increase to ₹97,605 crore in Q3 FY24, up from ₹90,333 crore year-on-year.
• Profit after tax grew by 2.7% to ₹3,551 crore, while EBITDA reached ₹6,915 crore for the December quarter.
• The company opened 431 new stores, bringing the total to 19,979, and expanded its registered customer base to 37.8 crore.
• Festive demand boosted grocery business (Reliance Fresh, Smart Bazaar, JioMart) and Fashion & Lifestyle unit (Reliance Trends, Ajio).
• JioMart acquired 59 lakh new customers, with its 30-minute delivery service seeing 360% year-on-year order growth.

Why It Matters: Reliance Retail achieved strong Q3 growth driven by festive demand, store expansion, and robust customer acquisition.