Isha Ambani is following the footsteps of her father Mukesh Ambani
Isha Ambani is in charge of Reliance Retail, the country's largest retail company. Since it came into the hands of Isha Ambani, its earnings are increasing rapidly. The functioning of Reliance Retail is improving.
Reliance Retail: Isha Ambani is in command of Reliance Retail, the country's largest retail company. Since coming into the hands of Isha Ambani, its earnings are increasing rapidly. The functioning of Reliance Retail is improving. Isha Ambani has made a new plan to expand the business of Reliance Retail and increase earnings. Reliance Retail has increased the trade area for non-food and general goods in its grocery stores by about 50 percent to improve margins. The company is increasing its focus on promoting local sales through its e-commerce platform JioMart.
Along with Jio Mart, it is connecting its smart and smart market stores so that people have different options of every range. Reliance Retail is now making changes in its stores and allocating more trade area for non-food and general goods.
Reliance's plan to increase earnings
Reliance Retail, the country's largest retailer, has increased the business area of non-food and general goods in its grocery stores by about 50 percent to improve margins. An industry insider said that with this move, the company wants to promote local sales through its e-commerce platform JioMart. The retailer is connecting its Smart and Smart Bazaar stores through JioMart, giving people more options.
Changes in Reliance Retail Store
Under the leadership of Isha Ambani, Reliance Retail is changing its ways of working. Under this, Reliance Retail is now making changes in its stores and allocating more trade area for non-food and general goods. This is a section which gives more margin than sections like grocery and garments.
Reliance Balance Sheet
Reliance Retail's EBITDA margin in the latest June quarter was 8.2 per cent, up 0.3 per cent year-on-year. Its EBITDA margin in FY 2023-24 was 8.5 per cent, improving by 0.7 per cent year-on-year. An email sent to Reliance Retail for comment on this matter was not answered till the time of writing the news. Reliance Retail aims to double its business in the next 3-4 years. The company is also trying to improve its margins.