Reliance Retail Q4 revenues likely to cross Rs 70,000 crore
时间:2024-06-17 01:49:55 阅读(143)
Reliance Retail revenues may cross Rs 70,000 crore in terms of topline in the quarter ended March (Q4FY23), a growth of nearly 22% versus the previous year, according to Nomura. The company will disclose its financial numbers on Friday along with its parent Reliance Industries (RIL).
Retail along with telecom has been powering the growth of the diversified conglomerate for many quarters now, and Q4 is expected to be no different, analysts tracking the company said.
Typically, the March quarter sees a slump in business for retailers after the crucial October-December period (Q3), which is the festive quarter in India. As a result, sequentially, Reliance Retail may see topline and Ebitda growth of 4.7% and 4.6%, respectively, versus the December quarter, according to estimates by analysts at Nomura, JP Morgan and Jefferies.
Analysts at BOB Capital Markets said in a note on Thursday that among the key monitorables for Reliance Retail in Q4 would be the granular performance of key retail verticals, including food & grocery and electronics. Also, Reliance Retail’s FMCG arm — Reliance Consumer Products — will be in focus since it launched its indigenous consumer packaged goods brand called Independence in Gujarat in Q4, added BOB Capital Markets’ analysts.
“Following its announcement to enter FMCG during the Reliance’s AGM in August 2022, Reliance Retail has started building a portfolio of consumer products and is also piloting regional launches. In the beverage category, it is relaunching Sosyo in Gujarat at the Rs 10 price point and is also relaunching Campa Cola in South India,” the brokerage said.
The company is also bringing ice-cream to Gujarat and has plans to scale up its launches in snacks, beverages, personal and household care, sector experts said.
Apart from this, Reliance Retail may provide an update on the integration of Metro AG’s India business that came into the company’s fold in Q4. The business was acquired for Rs 2,850 crore in December 2022.
Reliance Retail also opened the first standalone GAP store in India in Mumbai’s Infiniti Mall, Malad, in Q4. This is in addition to the 50+ shop-in-shops of GAP that it has opened since last year.
上一篇:Crude oil prices fall on strong dollar, sticky inflation
下一篇:Windfall profit tax on crude oil cut; levy on diesel, ATF exports hiked
猜你喜欢
- Karan Adani, son of Gautam Adani, takes helm of Rs 236,000 crore company- Know about his education, family, career, and net worth
- L&T Technology, AstraZeneca Pharma, Escorts Kubota among 128 stocks that hit 52-week highs; 8 touch 52-week lows
- King Charles III’s annual Christmas message from Buckingham Palace to include sustainable touches
- Busy Week Ahead- Union Budget, FOMC, ECB, BoE
- Katra-Delhi Vande Bharat Express set to boost connectivity with two more stoppages in Udhampur, Kathua – A peek into Indian Railways’ strategic approach
- Bumper debut by Tata Tech, opens with striking 140% premium on IPO price
- Jefferies downgrades 5 stocks including GAIL,BPCL, Gujarat Gas to underperform in Oil&Gas sector; whereas Mahanagar Gas still remains the top pic of Jefferies
- Buffer stock- Centre starts procuring onion from three states
- Commodities see sharp selloff, zinc, silver, copper tumble; further correction expected in gold prices