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News: Reliance retail has delivered an impressive financial performance with its rapidly expanding physical as well as digital footprint. The segment posted a record quarterly revenue of Rs 83,063 crore, increasing 22.8 percent from the year-ago period.The segment's net profit jumped 31.9 percent to Rs 3,165 crore for the quarter, while the EBITDA margin expanded by 50 basis points to 8.4 percent.
Views: The growth is mainly driven by grocery, fashion & lifestyle and consumer electronics business. The improvement in margin was led by operating leverage & cost management. Reliance Retail has expanded its store network, opening 252 new stores, taking the total count to 18,774 stores, while it recorded footfalls of over 282 million across formats, a growth of 40.3 percent from the year earlier.
Impact: Positive