Reliance Retail says profit margins will improve from next year as its online business investments pay off
With ongoing investments in ecommerce, Reliance Retail expects better Ebitda margins. The company is enhancing dark stores to ensure quicker delivery times and adapting retail spaces to cater to online shoppers. Although recent reports indicate a decrease in net profit, digital commerce still surged by 42%. Jeyandran Venugopal, the chief executive, expresses assurance in maximizing current...
Key Takeaways
- With ongoing investments in ecommerce, Reliance Retail expects better Ebitda margins.
- The company is enhancing dark stores to ensure quicker delivery times and adapting retail spaces to cater to online shoppers.
- Although recent reports indicate a decrease in net profit, digital commerce still surged by 42%.
With ongoing investments in ecommerce, Reliance Retail expects better Ebitda margins. The company is enhancing dark stores to ensure quicker delivery times and adapting retail spaces to cater to online shoppers. Although recent reports indicate a decrease in net profit, digital commerce still surged by 42%. Jeyandran Venugopal, the chief executive, expresses assurance in maximizing current assets for growth while steering clear of extravagant competitor expenditures.
Original Publisher Attribution
This summary was curated from Economic Times.