Reliance Industries posts Rs 18,645 crore profit in Q3 FY26; GDR slips 2%
After the company announced its December quarter results, its Global Depository Receipt (GDR) slipped by around 2% to $64.40 on the London Stock Exchange (LSE).
After the company announced its December quarter results, its Global Depository Receipt (GDR) slipped by around 2% to $64.40 on the London Stock Exchange (LSE).
The company informed the exchanges that the composite scheme of arrangement involving its group companies has become effective from December 1.
The launch strengthens Reliance Retail’s affordable, global beauty offerings and will see Essence products sold through the company’s omni-channel network.
Earlier, Reliance had stated that the reorganisation will help the consumer brands business grow faster with a sharper focus and its own management.
Reliance Retail’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) from operations increased by 16.7 per cent to Rs 6,624 crore.
Reliance Retail, whose gross revenues crossed Rs 3.30 lakh crore in FY25 with 1.4 billion transactions and operates nearly 20,000 stores across India also plans to increase its digital reach with e-commerce platforms like JioMart and AJIO to expand coverage of hyperlocal delivery services.
Reliance Retail on Friday announced the acquisition of iconic consumer durables brand Kelvinator, marking a strategic move to strengthen its presence in India’s fast-growing premium home appliances market.
India's largest retailer Reliance Retail Limited on Thursday launched a premium fashion and lifestyle store brand AZORTE. With a store size of around 18,000 square feet, the first AZORTE store opened its doors at 1 MG-Lido Mall, MG Road, Bengaluru.
Reliance Retail (RR) has begun appointing super-stockists to distribute its private label products in multiple FMCG categories, Kotak Securities said in a report.
RRVL will hold 40.95 per cent and would make an open offer to acquire up to 26 per cent stake in accordance with takeover norms.
