Reliance Retail is among the top 50 fastest growing retail company in the World-25.02.2020

Yesterday, the news was published in the Economic Times, wherein Mukesh Ambani’s Reliance Retail has been tagged among the 50 fastest growing retail company globally, by Deloitte’s Global Powers of Retailing 2020 index, between FY 2013-2018. Walmart is the top leader among all the retail companies.

Deloitte ranked 250 firms globally in its annual report based on their revenues for FY2018. The Reliance Retail major secured the 56th spot this year against the 94th rank the previous year.

Factors that enabled the company to achieve top spot were a strong focus on boosting e-commerce growth through its website Ajio.com; a push for sales of smartphones and other consumer electronics online; an aggressive pricing strategy across its offline stores; the acquisition of Hamleys, UK-based toy retailer; and new store openings,” the report said.

The Reliance Retail in the year 2019 also becomes India’s first retail company to cross the revenue of more than 1 Lakh Crores. Currently, they have more than 10,000 stores and command a rough Mcap of ~ 4 Lakh Crores. This roughly translates into a valuation of 40 cr per store. On the other hand, Dmart the listed entity is having Mcap of 1.5 Lakh Crores with only 200 stores. This roughly translates into a valuation of 750 Cr per store, which is beyond imagination.

Going forward, the Reliance is focussing on Retail and JIO business to steam up the gas in the future.

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