Reliance Retail Q2 revenue grows 27 per cent

Reliance Retail’s revenue grew 27 per cent during the second quarter. The company also added 337 stores in the quarter, taking its total count to 10,901 stores across 6,700 towns and cities. In terms of retail area, there was a 26 per cent growth. Reliance Retail gained from optimum customer value proposition, segmentation and a targeted strategy in the July-September period even as the consumer slowdown got worse.