Reliance Industries (RIL) has reported more than double growth in retail business revenue for the quarter ended September 30, 2018.
Revenue of retail business for Q2FY19 grew by 121.5% Y-o-Y to Rs 32,436 crore from Rs 14,646 crore. Accelerated store expansion, strong value proposition and focus on customer experience across all consumption baskets has resulted in this robust growth.
RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.