Reliance Retail, the retail arm of Indian conglomerate Reliance Industries, has reported “strong” first-quarter sales growth.

Turnover jumped 53% to INR34.74bn (US$581.6m) during the first quarter to 30 June. Same-store sales growth ranged from 10% to 22% across its different formats and sectors.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company, which operates more than 1,500 stores in India, said profit before depreciation, interest, and taxes (PBDIT) from its retail business reached INR700m. It did not provide a figure for the year before.

Reliance said its value stores had, for example, looked to increase the range of groceries on sale.

Reliance Industries chairman and managing director Mukesh D Ambani said: “Retail business continues to make remarkable progress and registered a 53% growth in revenues during the first quarter.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now