Reliance Retail’s fashion and lifestyle retailing enterprise crossed the Rs 10,000 crore milestone in 2018-19, as consistent with the business enterprise’s trendy investor presentation.
This is notwithstanding the contribution of the enterprise declining from 10.Three% of general income in FY18 to eight.Four% in FY19. Accordingly, Reliance Retail’s style and lifestyle retail business sales in 2018-19 became Rs 10,967 crore in comparison to Rs 7,127 crore in the preceding fiscal. Reliance Retail’s revenue remaining financial almost doubled to Rs 1,30,566 crore (Rs 69,198 crore in FY18).
Reliance Retail has positioned a couple of brands and shops for each purchaser and income section in fashion and life-style – Reliance Market and Smart in price clothing, Trends, and Footprint in cost style. The agency has Ajio, Marks & Spencer, Project Eve and Reliance Jewels in mid and premium phase, whilst in the luxurious section, it has worldwide brands, The White Crow and Ajio Gold.
The enterprise in the presentation stated it introduced 333 Trends shops over final years that is the biggest in India’s style retail. Out of this, over two hundred new shops were introduced last economic itself. Of this, it has launched sixty-five smaller stores in tier III and IV towns. Reliance has introduced categories inclusive of footwear, jewelry and cosmetic internal Trends stores final fiscal. As of March 2019, there has been a total of 676 Trends shops inside the united states.
The online layout AJIO received greater than 300 million net visits. The layout doubled its product catalog to provide over 1,30,000 options. The Hamleys toy stores crossed the 75 shop milestone in India remaining monetary whereby India is the biggest marketplace for Hamleys outdoor of UK. India is likewise the biggest market for Marks & Spencer out of doors of the UK with 77 variety of stores.
Incidentally, the style and way of life section are the smallest for Reliance Retail. The connectivity commercial enterprise which includes Reliance Jio Infocomm subscriptions and recharges become the biggest at 33.5%, observed by using purchaser electronics and cellphone retail (30%), grocery (17.Nine%), gas retail (10.2%) and sooner or later style and lifestyle (8.Four%) in FY19, as in step with the investor presentation.