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Business

Reliance Retail Q2 profit takes a hit on Qcomm push

Source: Economic Times ·
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The Quick Take

Reliance Retail Ventures reported a significant drop in net profit, down 24.5% year-on-year to ₹2,619 crore in the last quarter. Despite this, revenue improved by 5.8% to ₹80,220 crore, largely driven by a surge in grocery sales. The company's profitability was affected by strategic investments and evolving festive season patterns, alongside rising finance costs stemming from increased borrowing a

Read the full story at Economic Times →

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