Reliance Retail Limited has announced its annual report for the financial year ended March 31, 2022. The company has delivered outstanding results despite the COVID disruption. The company has recorded the highest EBITDA since its inception. As per consolidated financial statements, in FY22, the total revenue of the company was Rs. 1,94,249 crore against Rs. 1,55,209 crore, 25% up from the previous year, an outstanding performance despite challenges from COVID disruptions throughout the year. The total expenses of the company have also increased to Rs. 1,60,000 crore as against Rs. 1,30,000 crore.
The company achieved an astounding figure of 10,000 crore EBITDA in a year for the very first time. The EBITDA of the company increased by 10,365 crore, which is all time high, a growth of 23.8% YoY. The PBT of the company was 6,585 crore as against Rs. 6,217 crore in the previous financial year.
In FY22, the PAT of the company increased to Rs. 4,938 crore as against Rs. 4,599 crore for the previous financial year. The board of directors of the company has not recommended any dividend for FY22.
During the pandemic, the Indian retail industry has been one of the most resilient markets, having delivered an outstanding recovery when the lockdown was lifted. The industry continued. to be strong. The digitalisation pushed by COVID has introduced breakthrough technologies which are further boosting the company's performance.
The company registered growth in the sales of all product categories, from footwear to apparel to electronics and groceries. At the same time, the company is also focusing on new innovation, technology, scale, and execution.
During FY22, the company opened 2,000 new stores, bringing the total count to 14,385 stores with a total area of 39 million sq. ft. across the country. The company is also expanding its position in tier 2 and tier 3 cities by doubling its warehouses and other significant capabilities.
In New Commerce, the company collaborated with new merchants across regions and consumption baskets, expanding the merchant partner base by over 3x over last year. The company’s focused and customer-centric strategies continue to attract more and more new consumers around the country, with its registered customer base increasing by 24% year over year to 193 million.
Reliance Retail Limited is the largest and most profitable retail company in the country. The company operates in almost all major categories, which include consumer electronics, pharma, fashion, lifestyle, groceries, and connectivity. Serving millions of customers each year, Reliance Retail has become one of the largest and fastest growing customer franchises in the world.