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RIL Retail opens 1,840 brand-new shops in FY24, ET Retail

.Dependence Retail opened 1,840 brand-new stores in FY24 even as it signed a lot of cope with international business, the corporation showed in its own annual file on Wednesday. The retail service of the oil-to-retail conglomerate registered an EBITDA of Rs 23,802, in FY24, recording a development of 28.4% YoY." Your business remained to steer growth with an assortment adapted for target consumer segments and broadened in the right catchment regions via new store positions," the yearly document stated.Moreover, the empire found a growth in its retail consumer base, along with 300 thousand buyers turning to its own retail subsidiaries, the record showed. "The signed up customer bottom crossed a landmark of 300 million, creating Dependence Retail one of the best recommended retail stores in the nation," the annual document mentioned. Additionally, the conglomerate pointed out that the retail division is readied to widen its own offerings. For FY24, Reliance retail developed many strategic alliances, and acquisitions, thus boosting its public offerings, the record added.Reliance retail carried out equity fund salary increase of Rs 17,814, with the business audio over a billion steps throughout its own shops.
Published On Aug 7, 2024 at 04:16 PM IST.




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