.Dependence Retail opened up 1,840 new stores in FY24 even as it authorized a lot of cope with worldwide providers, the corporation revealed in its own yearly file on Wednesday. The retail company of the oil-to-retail conglomerate registered an EBITDA of Rs 23,802, in FY24, tape-recording a growth of 28.4% YoY." The business continued to drive growth via a variety customized for aim at client sections as well as broadened in the appropriate catchment areas via new outlet positions," the yearly document stated.Moreover, the empire viewed a rise in its own retail client base, along with 300 million customers relying on its own retail subsidiaries, the document uncovered. "The registered customer base traversed a breakthrough of 300 million, making Dependence Retail one of the most preferred retailers in the country," the annual record stated. Further, the corporation stated that the retail division is set to expand its offerings. For FY24, Reliance retail formed several important alliances, and also achievements, therefore reinforcing its public offerings, the document added.Reliance retail undertook equity fund raise of Rs 17,814, with the business recording over a billion tramps throughout its own retail stores.
Published On Aug 7, 2024 at 04:16 PM IST.
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