Mukesh Ambani's Retail arm, Reliance Retail has been ranked as the second fastest growing retailer in the world during the year 2021. The rankings have been released by Deloitte under the ranking of global retail power houses. However, the retail firm of Reliance Industries (RIL) topped the list in the previous year. It has been ranked 53rd in the list of Global Powers of Retailing, improvement from 56th earlier, according to the Deloitte report. Reliance Retail is the only Indian entry in the global list of 250 retailers. It features consecutively for the 4th time in the list of Global Powers of Retailing and World's Fastest Retailers. E-commerce, it said, is a second growth driver, through both digital commerce (B2C) and B2B. "The company is partnering with WhatsApp to further accelerate Reliance Retail's digital commerce business on the JioMart platform using WhatsApp and to support small businesses on WhatsApp," Deoitte said. Interestingly, Amabi's retail venture has outshined the peers with its spectacular results in the quarter ended on March 31, 2021. During the pandemic hit year, Reliance Retail drove well on the path of revenue and profits. The retail firm reported a 45% jump on year-on-year (YoY) basis in its net profit at Rs 2,247 crore in Q4FY21. The company's revenue surged 23.2% to Rs 47,064 crore for the period, compared to Rs 38,211 crore, an year ago. On a quarter-on-quarter (QoQ) basis, the company’s revenue gained 24.4% from Rs 37,845 crore. Revenue for the FY 2020-21 stood at Rs 1,57,629 crore, lower by 3.3% compared to Rs 1,62,936 crore during the previous year. However, net profit marginally increased 0.6% to Rs 5,481 crore for year year ended on March 31, 2021. The retail firm clock EBITDA of Rs 9,789 crore during the period under review, 1.1% up from the year ago. The company added 1,456 new stores and generated over 65,000 jobs during the distressed and challenging year. Out of these, 826 were introduced in the latest quarter. Total store count now stands at 12,711 stores, covering 33.8 million sq ft. at the end of the year. According to the current share price, the market cap of Reliance Retail has crossed the $100 billion mark. It is the fourth domestic firm to achieve this feat. The company is valued at Rs 7.50 lakh crore, surpassing blue chips like Hindustan Unilever and HDFC Bank. US giant Walmart Inc has retained its place as the leader of the charts. Jeff Bezos' e-commerce conglomerate Amazon has improved its positioning to second. Costco Wholesale Corporation of US slipped a rank to be placed third followed by Schwarz Group of Germany. Among the top-10, US retailers took away 70 per cent share. UK's sole entry is Tesco PLC, featuring at 10th place. Other US retailers in the top 10 include The Kroger (5th), Walgreens Boots Alliance (6th) and CVS Health Corp( 9th). German retailer Aldi Einkauf and Aldi International Services are placed at 8th position. The shares of Reliance Retail are roaring aloud in the unlisted market, delivering over 4x return in the last one year. However, the counter has much potential for upside as the firm is still growing. The growth opportunities fares well for RIL, who is keen on shifting its focus to consumer oriented business from the B2B segment. Asia's Richest person Mukesh Ambani is looking to its retail arm in the next couple of years. He has turned the company net debt free, much prior than pledged. RIL holds over 99.95 per cent stake in Reliance Retail via its fully owned subsidiary Reliance Retail Ventures.