Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, reported a 3

Reliance Retail Ltd's revenue from operations fell 3.5% year-on-year to ₹66,502 crore for the quarter ended September impacted by weak fashion and lifestyle demand, continued focus on streamlining of operations and calibrated approach to business-to-business to improve margins, the company says.

The digital and new commerce business contributed 17% to Reliance Retail’s total revenues in the Q2 of the financial year FY25.

Reliance Retail Ventures on Monday reported a 5.2 per cent rise in net profit to Rs 2,935 crore in the September quarter of financial year 2024-25 (Q2FY25). Its PBIDT (profit before interest, depreciation and tax) from operations increased 1.0 per cent year-on-year (Y-o-Y) to Rs 5,675 crore. Its PBIDT was largely flat at Rs 5,850 crore.

Reliance Retail Ventures (RRVL), the retail arm of Reliance Industries (RIL), has posted a 1.3% year-on-year growth in its consolidated net profit for the second quarter. The profit increased to ₹2,836 crore from ₹2,

Reliance Retail added 464 new stores, bringing the total store count to 18,946. As a result, the company now operates across 79.4 million square feet of retail space and recorded over 297 million footfalls in Q2 FY25,

Company experienced a 3.5% decline in revenue, reaching Rs 66,502 crore compared to Rs 68,937 crore in the same quarter last year. This dip was attributed to weaker demand in the fashion and lifestyle sector,