Reliance Retail

One of the two drivers of Reliance Industries Ltd's recent underperformance - weak refining margin - has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing outperformance from earlier in the year. In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction. The company helmed by billionaire Mukesh Ambani has three main business verticals - oil refining and petrochemical business housed in oil-to-chemical (O2C) unit, telecom arm Jio and retail. It also has a media unit and a new energy business. Reliance Retail plus Telecom now account for about 50 per cent of total 2023-24 (FY24) consolidated EBITDA. These, JP Morgan estimates, will account for almost all of net EBITDA growth over the next three years. With an EBITDA run-rate of USD 20 billion

Reliance Retail is temporarily closing its Centro stores to revamp the format, shifting focus to its own brands and shop-in-shop models, with several outlets set to close this month

Reliance Retail could be valued between $125 bn and $150 bn at the time of IPO

At least 7 of India's largest companies, including RIL's retail arm and consumer bellwether Hindustan Unilever Ltd., have flagged softer consumption demand and a challenging operating environment

Coca-Cola's price cut comes amid rival Campa Cola's aggressive expansion and lower pricing. The Reliance-backed brand's price strategy has pushed rival brands to adjust their strategies

Reliance plans to leverage its 3,000 supermarkets in 1,150 cities for quick deliveries by deploying small teams operating from dedicated kiosks inside

Tata Consumer Products Ltd (TCPL) beverage business got a hit from the aggressive pricing from rival Campa Cola, forcing it to go for a downward revision of its Tata Gluco Plus. Tata Consumer Product Ltd (TCPL) revenue from its ready-to-drink business declined 11 per cent in the September quarter owing to "competitive pricing action", said its Managing Director and CEO Sunil D'Souza during the post-result investors' call. Reliance Retails Campa Cola has disrupted the beverage market with its Rs 10 pack in PET bottle, forcing the rival beverage makers to reduce their prices to retain their market share and growth. When asked about the penetration and growth, without naming Campa, D'Souza said: "A new player coming in with a different price point disrupted the industry. While on paper it is Rs 10 versus Rs 10 ... it didn't surface quickly enough ... while the Rs 10 was the same to the consumer, the trade price was dramatically different." However other big multinationals such as Coke

RIL share price: Some brokerages have also cut Reliance Industries (RIL) share price targets, factoring-in the sluggishness seen in oil-to-chemical (O2C) and retail verticals

Revenue down due to weak performance in fashion and lifestyle business

One of the drivers that automatically fuels growth is that India remains one of the fastest growing retail markets and is poised to become the third-largest by 2030

With plans to expand to 1,150 cities and deliver groceries in just 10-30 minutes, Reliance is set to shake up the market, offering customers speed, convenience, and savings

Candytoy Corporate, one of the leading manufacturers of candy toys, has partnered with Reliance Retail to supply confectionery toys for 1,400 stores of the country's leading retailer, said a top company official. The Indore-based company entered into an agreement with Reliance Retail a couple of months back, said founder Director Gaurav Mirchandani. "We already have a purchase order for more than 15 outlets right now, which is live, and 200 outlets will be live by the end of Diwali, and 1,400 outlets will be live by the end of this financial year," Mirchandani told PTI. When asked about the order size, he said it would have a run rate of Rs two crore per month from Reliance Retail 200 stores, and this would be scaled to Rs 4 to 4.5 crore per month by the end of this fiscal. "We have more than 75 SKUs in the sweets and savoury flavours category of the candy, which we are providing to Reliance Retail," he said. Candytoy Corporate (CTC), valued at nearly Rs 1,000 crore, is supplying

Reliance Retail's fashion e-tailer AJIO will now feature Swedish fast fashion major H&M's products on its platform. Both companies, in a joint statement on Thursday, entered into a partnership to launch H&M's line of products on the AJIO platform. "This partnership aims to enhance H&M's online presence, complementing its existing omni-channel offering by making affordable, high-quality fashion accessible through AJIO, which adds another top international brand to its robust brand portfolio," the statement said. Earlier, H&M has an exclusive partnership with online rival fashion e-tailer Myntra. H&M will launch its collection on AJIO, featuring over 10,000 styles across womenswear, menswear, kidswear and home decor. This will make H&M, which is known for its high-quality fashion, more accessible, it added. AJIO CEO Vineeth Nair said: "Over the past couple of years, we have pushed the fashion horizon to bring the best of international brands to AJIO. The launch ..

Reliance Retail, the country's largest retailer, has increased the trading area for non-food and general merchandise by almost 50 per cent in its grocery stores in a bid to improve margins. The move is also likely to bolster the retailer's hyper-local aspirations through its e-commerce platform Jiomart, through which it is connecting its Smart and Smart Bazaar stores providing a wider variety to consumers, according to an industry insider. As part of that Reliance Retail is now going for space revision at its stores, allocating higher trading areas for non-food and general merchandise items, a segment which offers higher margins than other segments such as grocery and apparel. The extended retail space would not only allow Reliance Retail to offer a complete range of products for a segment but also fill in the gaps in its offerings, the source said. In the latest June quarter, Reliance Retail's EBITDA margin from operations was 8.2 per cent, which was up 30 basis points on a Y-o-Y

Reliance Retail will transfer its FMCG brands, including Campa and private labels, to its new arm RCPL to accelerate business expansion with a dedicated focus

The partnership intends to establish an apparel innovation platform dedicated to meeting the demands of Indian consumers

In her speech, she said, "With the strong foundation we have built, I am confident that we will achieve our goal of doubling our retail business in the next 3 to 4 years."

The Mukesh Ambani-owned company is cemented as the largest retailer in India and has 304 million registered customers

RIL AGM 2024: Given RIL's historical performance and the significant developments in its various business segments, investors have high expectations from the 47th AGM

The country's leading retailer Reliance Retail and British Shoe maker Clarks have terminated their two-year old joint venture, an industry source said. Differences between both partners have emerged regarding certain terms of engagements, following which they have decided to part ways, said the source. While an e-mail sent to Reliance Retail seeking comments remained unanswered by the time of filing of the story, Clarks Global declined to comment on the development. "We won't be commenting on this, said the Clarks spokesperson while responding to PTI's e-mail. The JV, Clarks Reliance Footwear Pvt Ltd operated over 30 exclusive Clarks-branded brick-and-mortar stores in New Delhi, Mumbai, Bengaluru, Lucknow, Hyderabad, and Chennai, according to the company's India website. As the partners have drifted away, these stores are getting closed, the industry source added. Earlier, Clarks had a partnership with Kishore Biyani-led Future Group. It had entered India with a 50:50 joint ventu