Reliance Retail Q4FY24 results: Net profit rises 11.7% YoY to ₹2,698 crore, revenue up 9.8% YoY

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₹67,610 crore. This growth was primarily driven by strong performances across various sectors, including grocery, fashion, lifestyle, and consumer electronics. Reliance Retail achieved an EBITDA of ₹5,632 crore in Q4 FY24, reflecting an 18.1% improvement over the EBITDA of ₹4,769 crore reported in Q4 FY23.

On the bottom line, the company witnessed an 11.7% YoY increase in consolidated net profit, reaching ₹2,698 crore in Q4 FY24, compared to ₹2,415 crore in the same period last year. For the entire fiscal year of FY24, Reliance Retail achieved a historic milestone, surpassing ₹3 lakh crore in gross revenue for the first time, amounting to ₹3,06,848 crore. This represents a 17.83% growth compared to the ₹2,60,394 crore recorded in FY23.

The net revenue came in at 273,079 crore, an improvement of 18.25% YoY. Also Read: Reliance Jio Q4 Results: Net profit rises 13% Y-O-Y to ₹5337 crore The company continued its strong trajectory of profit growth, registering an EBITDA of ₹23,040 crore for FY24, reflecting a 28.5% year-on-year increase. Moreover, the EBITDA margin on net sales witnessed continued improvement, reaching 8.4%, up by +60 bps YoY.

For FY24, the net profit jumped 20.91% YoY to ₹11,101 crore. During the quarter, Reliance Retail expanded its footprint by opening 562 new stores, bringing the total store count to 18,836, covering an aggregate area of 79.1 million sq ft by the conclusion of Q4 FY24. Also Read: Reliance Q4 Results LIVE Updates: Net profit declines 1.8% YoY to ₹18,951 crore, announces dividend of ₹10 per share In FY24, the company inaugurated 1,840 stores, resulting in a gross area addition of 15.6 million sq.