Reliance Retail Q1 Revenue Rises 8.2%, Profit Falls 14.2% Due to E-commerce Investments

Summary

Reliance Retail reported an 8.2% increase in Q1 revenue despite the FMCG demerger, but its net profit declined by 14.2% due to significant e-commerce investments. Reliance Consumer's revenue more than doubled, boosted by brands like Campa and Independence, showing strong growth across various retail segments.