The retail division of Reliance Industries Ltd (RIL), Reliance Retail Ventures Ltd (RRVL), increased its capital expenditures in FY ‘2024–25 to Rs. 33,696 crore (US $ 3.84 billion), a significant 37.5% rise from Rs. 24,506 crore (US $ 2.79 billion) in the previous fiscal year, according to the company’s most recent annual report.
The report noted that the investment surge highlights Reliance Retail’s aggressive focus on infrastructure development and long-term scalability. Describing FY ’25 as a year of consolidation, Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd, stated that the business undertook a strategic recalibration of its store network, aimed at enhancing operational efficiencies and ensuring long-term sustainability.
The report states that Reliance Retail increased its physical retail footprint to 19,340 locations by adding 2,659 new stores during the year. Additionally, the company’s registered customer base surpassed 349 million, demonstrating the growing level of customer involvement on both its digital and physical channels.
Despite a generally quiet industry, the company achieved strong financial performance. FY ’25’s gross income of Rs. 3,30,943 crore (US $ 37.78 billion) was a 7.9% increase from the previous year. Profit before interest and taxes increased to Rs. 19,070 crore (US $ 2.17 billion), while EBITDA was Rs. 25,094 crore (US $ 2.86 billion), an 8.6% increase over the prior year.
Through collaborations with global brands including Shein, ASOS, Delta Galil, Saks Fifth Avenue, Mothercare, and Superdry, Reliance broadened its portfolio in the fashion and lifestyle industries. Technology advancement and staff training continued to be top priorities. According to the corporation, it gave its employees cutting-edge training and resources to guarantee individualised and consistent service throughout its extensive retail network.
