Digital and new commerce business contributed 19% in the previous quarter as well, but Reliance Retail’s operating revenue rose 23.8% YoY to INR 74,373 Cr in Q3
Reliance’s massive entertainment business saw a 12% decline in operating revenue (YoY) due to movie and sports segments
The fashion & lifestyle business delivered a 28% YoY growth, Reliance said, while the consumer electronics business saw 19% rise in gross revenue
Reliance Retail’s digital and new commerce businesses accounted for 19% of the total revenue for the retail giant in Q3 FY24 (December 2023 quarter), with the contribution remaining flat on a quarter-on-quarter (QoQ) basis.
Digital and new commerce business contributed 19% in the previous quarter as well, but Reliance Retail’s operating revenue rose 23.8% year-on-year (YoY) to INR 74,373 Cr in Q3 FY23. Reliance Retail reported a 31.87% rise in its net profits in Q3 to INR 3,165 Cr.