.Dependence Retail opened 1,840 brand new retail stores in FY24 even as it signed a lot of cope with global business, the corporation revealed in its own annual report on Wednesday. The retail company of the oil-to-retail empire registered an EBITDA of Rs 23,802, in FY24, recording a development of 28.4% YoY." The business continued to drive development with an array customized for target consumer portions and also broadened in the right catchment areas with new outlet positions," the yearly file stated.Moreover, the empire saw a growth in its retail customer bottom, with 300 million buyers relying on its own retail subsidiaries, the record showed. "The signed up customer bottom moved across a turning point of 300 million, making Dependence Retail one of the best preferred retailers in the nation," the yearly record mentioned. Even further, the corporation mentioned that the retail department is readied to widen its offerings. For FY24, Dependence retail developed several tactical partnerships, and acquisitions, thereby bolstering its public offerings, the file added.Reliance retail carried out equity fund raise of Rs 17,814, with the business recording over a billion tramps throughout its shops.
Posted On Aug 7, 2024 at 04:16 PM IST.
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