Reliance Industries Limited (RIL) slides nearly 3% amid profit booking. Despite the Covid-19 outbreak, Ambani stated the company's performance in FY21 exceeded expectations in his speech.
Reliance opened 1,500 new stores, the largest retail expansion of any retailer during this time period, bringing our total store count to 12,711. According to Mukesh Ambani, one out of every eight consumers shops at Reliance Retail.
Reliance's garment division sold approximately five lakh units per day and over 18 crore units during the year. This is the same as dressing the whole population of the United Kingdom, Germany, and Spain at the same time.
Last year, Reliance Retail sold 4.5 crore units of electronics, or over 120,000 items every day. We sold over a billion grocery units, or around 30 lakhs every day.
Mukesh Ambani says he wants Reliance Retail to be among the top ten retailers in the world. "I am certain that Reliance Retail is on track to increase at least three times in the next 3-5 years."
With a portfolio of over 2,000 labels and brands and a listing of over 5 lakh alternatives, Ajio has established itself as one of the leading digital commerce platforms for fashion and lifestyle. Ajio currently accounts for over 25% of our garment business, thanks to its innovative spirit.
Reliance Retail, India's largest grocery retailer, sold over a billion units of foodstuffs every day, or over 30 lakh units per day.
Our grocery team was on the front lines of the crisis, ensuring that crucial supplies were available to our consumers and Kirana partners.