Financial Performance Reliance Retail has announced its financial results for quarter ended December 31, 2022. As per the financial statements, the Company clocked the net profit of Rs. 2,400 crore with 4% QoQ growth and 6% YoY growth. The gross revenue of the Company increased to Rs. 67,623 crore with 4% QoQ and 17% YoY growth. The net revenue of the Company showed 4% growth QoQ while 19% growth YoY with Rs. 60,096 crore. The EBITDA from operations increased to Rs. 4,657 crore with 9% QoQ and 32% YoY growth. Total EBITDA increased to Rs. 4,773 crore with 8% QoQ and 25% YoY growth. EBITDA margins increased to 7.7% as against 7.4% in the previous quarter. Reliance Retail The business maintained the revenue growth momentum with broad based growth across consumption baskets. The total registered customers served at scale of 235 million, up 30% YoY. Customer engagement grew 30% YoY with over 265 million transactions. The Company continued the expansion with addition of 789 new stores, added 6 mn sq ft, crossing a milestone of 60 mn sq ft area. The digital and e-commerce segments delivered strong performance- daily orders up 30% YoY while merchant base up 70% YoY. The Company has strengthened its capabilities by acquiring V Retail (Centro Footwear), Sosyo and Lotus Chocolate. JioMart The Company showed broad based growth across all town classes; Tier II and beyond towns growing fastest. The launch of ‘JioMart on Whatsapp’ generated an active customer base 37% MoM, orders up 9x since launch. The Company expanded the catalogue by 71% QoQ. The Company reported a strong performance during Diwali – 2.5x growth in traffic, 3x app installations and 4x growth in daily active users. Consumer Electronics It was the highest quarterly performance by stores, driven by higher footfalls and ABVs for the Company. The Company delivered market leading performance during Diwali which was driven by offers and financing schemes. The Company showed double digit growth across Phones, TV and Appliances. The digital commerce revenue continues to grow, gross orders up 5x and traffic grows 35%. The Company also did Expansion of electricals, small domestic appliances in new markets. JMD grew 55% QoQ led by phones & large appliances while the merchant base increased 12% QoQ. Fashion and Lifestyle During festivals and weddings, the offline business delivered the best quarter. The Company registered high growth across all categories- Men’s formals, women’s Indian wear, kids wear, footwear. Ajio achieved the highest quarterly revenue led by festival sales, weddings, offers etc. The catalogue grew 62% YoY with 1.2 mn+ live options and 92 new brands added. In Jewells, the Company showed strong festive performance and 38% YoY growth on Dhanteras. Urban Ladder registered revenue growth up 21% YoY led by festivals and wedding season. The was Impactful in execution of ‘Full House Sale’ & ‘Very Merry Sale’ which led 30% higher traffic. The Company Launched end-to-end interior design solutions. Grocery, Pharma and Consumer Brands The grocery stores maintained growth momentum with double-digit growth. The strong customer engagement through festive sales has set a new high with revenue up 74% YoY. The Company registered Broad based growth in categories led by F&V and Staples, General merchandize, Packaged food, HPC. Digital commerce continues steady growth led by increase in traffic. The Company strengthened its supply chain capabilities with the addition of 11 new fulfillment centers. The Consumer brands grew ~2X, all categories performed well. The Company launched Runner Energy Drink in 6 flavors; Joyland Masala Kairi. The Company acquired Sosyo and Lotus Chocolate to further bolster the brand portfolio. In the Pharma segment, the revenue was up by ~2x YoY driven by growth across all channels. The digital commerce orders grew by 67% YoY. https://unlistedzone.com/shares/reliance-retail-limited-unlisted-shares/