MAM

Reliance Retail reports growth in FY-2015 and Q4-2015

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/mam-images/2015/04/17/reliance_industry_0.jpg?itok=ysQTaqNT

BENGALURU: Reliance Industries Limited (RIL) retail segment - Reliance Retail is a tiny fraction of the revenue that India's largest private corporate reports. However, this segment has been growing consistently, quarter on quarter.

For FY-2015, the segment reported a revenue growth of 21.2 per cent to Rs 17,640 crore from Rs 14,556 crore in FY-2014. The segment’s earnings before interest and tax (EBIT) more than trebled (increased by 253.4 per cent) to Rs 417 crore in FY-2015 from Rs 118 crore in the previous year.

Note: 100,00,000 = 100 lakh = 10 million = 1 crore

Revenue in Q4-2015 grew 31.1 per cent to Rs 4,788 crore from Rs 3,653 crore in Q4-2014 and grew 2.2 per cent from Rs 4,686 crore in Q3-2015. PBIT in Q4-2015 more than quadrupled (increased by 333.3 per cent) to Rs 104 crore from Rs 24 crore in the year ago quarter, but declined 21.8 per cent from Rs 133 crore in the previous quarter.

RIL claims that it maintained the distinction of being India’s largest retailer. It says further that it consolidated its leadership position in all focus sectors. The company added 930 stores and nine lakh square feet of operating space in the year across the sectors. As on 31 March, 2015, Reliance Retail operated 2,621 stores across 200 cities, with over 1.25 crore square feet space.

The company says that Reliance Retail grew its presence through its partnerships with the likes of Marks & Spencer, Grand Vision and Payless Shoesource, which continued its pace of robust growth. Reliance Brands continued to make more luxury brands available to the Indian consumers by expanding presence through various partner brands.

Overall, though RIL consolidated revenue (turnover) decreased by 33.3 per cent to Rs 70,863 crore in Q4-2015 from Rs 1,06,208 crore in Q4-2014, its consolidated net profit increased by 8.5 per cent to Rs 6,381 crore from Rs 5881 crore in Q4-2014.

RIL achieved a turnover of Rs 3,88,494 crore for FY-2015, a decrease of 13 per cent, as compared to Rs 446,339 crore in the previous year. The company says the decline in turnover reflects sharp fall in crude oil prices during the second half of the year. However, profit after tax was higher by 4.8 per cent at Rs 23,566 crore as against Rs 22,493 crore in the previous year.

Company speak:

RIL chairman and managing director Mukesh D. Ambani said, “FY 2015 has been a very successful and important year for Reliance. In a time when the collapse of crude oil prices unsettled the hydrocarbons markets, our refining business delivered record earnings. The earnings power demonstrated by our hydrocarbon businesses in this environment validates our philosophy of investing in world-scale, cost competitive assets, cutting-edge technology and the talent of people. This year we also made giant strides in our quest to sustain Reliance’s growth momentum with the highest-ever capital investment into our hydrocarbon business and our next-generation digital services initiative. Our organized retail business maintained its high growth trajectory with a wider pan-India footprint. Particularly gratifying, we achieved this, while maintaining our track-record of adhering to highest standards of safety and operational excellence.”

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/17/Sam_Balsara.jpg?itok=XtbZChot
Pitch Madison report forecasts 2018 digital adex growth at 25%

MUMBAI: According to the findings of the 16th Pitch Madison Advertising Report (PMAR) 2018, the advertising market slowed down to 7.4 per cent (Rs 53,138 crore) in 2017. The report also predicts the advertising growth in 2018 to be around 12.03 per cent thereby adding Rs 6,392 crore to adex to...

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/16/priya-warrier.jpg?itok=dL0iN4uI
Net sensation Priya Varrier promotes Pringles

At a time when the whole wide world seemed to be lingering around with cupids and love-struck angels, Kellogg’s popular potato crisps brand and the world's second-largest potato chips player Pringles created a frenzy by striking the right chord with singles!

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/16/onlinelove.jpg?itok=SD3Wb5jH
Digital takes centre stage on tepid Valentine's Day for brands

MUMBAI: Love has been in the air and on the internet all week. Valentine’s Day is no longer about just a day you spend with your loved one but is rather a week-long affair of gifts and celebration. Valentine’s Day has become no less than a festival in India, a country that takes much pride in its...

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/16/unbic.jpg?itok=oaCyfO4-
Unibic awards media duties to Mindshare

MUMBAI: Unibic, a renowned name in the cookie industry has awarded its media duties to Mindshare, after a competitive multi-agency pitch. The mandate involves handling the media strategy, planning and implementation across all media in India. The account will be handled out of the Mindshare...

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/16/trucks.jpg?itok=xatx1bIF
Happy mcgarrybowen to handle BharatBenz's creative and media mandate

MUMBAI: Happy mcgarrybowen has been selected by Daimler India Commercial Vehicles (DICV) as the agency on record for its BharatBenz brand, known for its range of modern trucks and buses. The appointment followed a multi-agency pitch held in Chennai. Happy mcgarrybowen, the creative agency from the...

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/15/icubes.jpg?itok=hXJR1hzB
iCubesWire bags digital mandate for AMB Group

iCubesWire,a digital marketing solution and concept provider has bagged the digital media mandate for AMB Group, a renowned real estate developer of Delhi NCR.

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/14/rado.jpg?itok=0qOd1pP7
Rado brand ambassador Hrithik Roshan opens new store at Delhi Airport

Bollywood megastar Hrithik Roshan was the guest of honour at an exciting event to open Rado’s stylish new monobrand store at Delhi IGI Airport today.

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/14/diamond.jpg?itok=a3StI6kq
Diamond Producers Association launches V-Day campaign

The Diamond Producers Association (DPA), an international alliance of the world's leading diamond mining companies, has launched its second film as a part of their integrated marketing campaign ‘Real is Rare. Real is a Diamond’.

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/14/mpa.jpg?itok=HGIpuTun
APOS 2018: speakers & themes unveiled for annual summit of local, regional & global leaders In media, entertainment & telecoms

HONG KONG/SINGAPORE: Some of the biggest brands across the local, regional and global media, entertainment and telecommunications industries will participate at this year’s APOS summit, hosted by Media Partners Asia in Bali, Indonesia from April 24-26. APOS 2018 brings together key players across...

MAM Marketing MAM

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories