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September 04, 2015 10:01 PM ET

Multiline Retail

Company Overview of Reliance Retail Limited

Company Overview

Reliance Retail Limited offers retail services. The company has been set up to initiate, acquire, set-up, construct, establish, maintain, run, operate and manage business centres, hyper markets, departmental stores, super markets, shopping malls, discount stores, specialty stores, shopping outlets, convenience stores etc. and to render services. The company retail outlets offer foods, groceries, apparel and footwear, lifestyle and home improvement products, electronic goods, and farm implements and inputs. The company’s outlets also provide vegetables, fruits, and flowers. The company focuses on consumer goods, consumer durables, travel services, energy, entertainment and leisure, and health...

3rd Floor

Court House

Lokmanya Tilak Marg

Dhobi Talao

Mumbai,  400002

India

Founded in 1999

Phone:

91 22 2278 5000

Fax:

91 22 2278 5111

Key Executives for Reliance Retail Limited

President and Chief People Officer
Chief Operating Officer of Value Formats
Chief Executive Officer of Value Format Division
Age: 55
President of Corporate Planning
Head of Reliance Brands
Compensation as of Fiscal Year 2015.

Reliance Retail Limited Key Developments

Reliance Retail Reports Earnings Results for the Year 2015

Reliance Retail reported earnings results for the year 2015. The company's revenue rose 21% to INR 176,400 million with profit after tax of INR 1,930 million.

Reliance Retail Plans to Borrow INR 45,000 Million Through Term Loans and Debentures

Reliance Retail plans to borrow INR 45,000 million through term loans and debentures to build its ecommerce business and accelerate store openings in select formats as rivals intensify their efforts to expand market share. The company will avail of term loans to the tune of INR 25,000 million from State Bank of India and raise another INR 20,000 million by issuing convertible debentures, it said in board resolutions filed with the Registrar of Companies last week. The funds are expected to come in several tranches.

Reliance Retail Reports Earnings Results for the Fourth Quarter and Full Year Ended March 2015

Reliance Retail reported earnings results for the fourth quarter and full year ended March 2015. For the quarter, the company reported revenue growth of 31.1% y-o-y at INR 47,880 million. The company attributed the rise to a strong value proposition, wide product offerings and a captive shopping experience. On a sequential basis, revenue rose 2.2%, while EBIT fell 21.8%. The company's EBIT stood at INR 1,040 million in the fourth quarter compared with INR 240 million in the same quarter last year. For the entire fiscal, the revenue rose 21.2% to INR 176,400 million. The PBDIT stood at INR 7,840 million. In fiscal year, it stood at INR 4,170 million compared with INR 1,180 million last year, a rise of 253.4%. EBIT margins in the quarter stood at 2.2% and in the year it stood at 0.8%.

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