The retail arm of Reliance Industries (RIL) posted a pre-tax profit of Rs 2,322 crore for the quarter ended September 30, (Q2) year-on-year (YoY) growth of nearly 67 per cent as it reaped benefits of scale during the quarter.
This is the second straight quarter that Reliance Retail’s earnings before interest, tax, depreciation, and amortisation (Ebitda) has crossed Rs 2,000 crore. Along with the telecom venture Jio, Reliance Retail contributes nearly a third of its earnings, RIL said on Friday, with a plan in place to take contribution of the two businesses to 50 per cent in the next few years.