Reliance Retail net profit increases 6.2% to Rs 2,400 crore in Dec quarter

Ebitda from operations up 32.2%, revenue rises 18.6%

Reliance Retail on Friday reported a 6.2 per cent year-on-year (YoY) rise in net profit at Rs 2,400 crore in the December quarter of financial year 2022-23 (Q3FY23).

Its Ebitda (earnings before interest, taxes, depreciation, and amortisation) from operations increased 32.2 per cent YoY to Rs 4,657 crore. The country’s largest retailer’s revenue from operations increased 18.6 per cent YoY in Q3 to Rs 60,096 crore.

The conglomerate’s retail business continued its store expansion through the quarter and opened 789 new stores totalling an area of 6 million sq. ft.

In Q3, it witnessed the highest ever footfall at 201