Reliance Retail reports strong growth in Q4 and FY 2018

Source: moneycontrol, Friday, Apr 19, 2019

Reliance Retail reported Q4 and FY 2019 results for the year ending March 31, 2019. For the Q4 the retailer reported revenue growth of 51.6% to INR366 billion (USD5.1 billion) as against INR242 billion (USD3.3 billion) in Q4 FY18. For the full year, the retailer reported an 89% jump in income. Reliance Retail has added 510 stores during Q4 FY19 and 2,829 storaes in the entire fiscal year of 2019.