.Dependence Retail opened up 1,840 brand new shops in FY24 even as it signed a multitude of take care of international business, the empire uncovered in its yearly document on Wednesday. The retail business of the oil-to-retail conglomerate registered an EBITDA of Rs 23,802, in FY24, tape-recording a growth of 28.4% YoY." The business continued to drive development by means of a variety adapted for target client sectors and also expanded in the best catchment regions by means of new outlet openings," the yearly file stated.Moreover, the corporation viewed a rise in its retail customer base, with 300 thousand customers counting on its retail subsidiaries, the file revealed. "The registered customer foundation went across a milestone of 300 million, making Dependence Retail some of the absolute most ideal merchants in the nation," the annual report explained. Additionally, the conglomerate claimed that the retail branch is set to widen its own offerings. For FY24, Dependence retail formed a number of strategic alliances, as well as acquisitions, thus strengthening its own social offerings, the record added.Reliance retail undertook equity fund raising of Rs 17,814, with the business recording over a billion steps around its retail stores.
Published On Aug 7, 2024 at 04:16 PM IST.
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