Reliance Industries’ retail arm Reliance Retail reported an 18.8% YoY increase in net profit to Rs 2,448 crore for the Q1 of the current fiscal year.

The company’s revenue stood at Rs 69,948 crore, rising 19% YoY from Rs 58,554 crore in the year-ago period.

EBITDA for the company grew by 33.9% YoY to Rs 5,139 crore, with the EBITDA margin from operations on net sales being 7.9%, up by 30 bps YoY.

Reliance Retail recorded 249 million footfalls across all geographic locations for the quarter, which is a growth of 42% from the year-ago period. The store expanded its physical presence with a network of 555 new openings, taking the total count to 18,446 and the operating area to 70.6 million square ft.

The grocery delivery business was up 59% YoY, led by Smart and Smart Bazaar formats.

The business capitalised on the summer season with a gain in several related categories, such as cold drinks, ice creams, and seasonal fruits like mangoes.

The fashion and Lifestyle segment delivered revenue growth of 15% YoY, driven by a pick-up in store footfall and average bill value.

The Jewellery segment saw robust growth led by wedding seasons and regional festivals.

Consumer Electronic business, delivered 14% YoY driven by customer engagement led by promotions and regional festival offers leading to broad growth across.

Jio Mart continues to focus on strengthening its catalogue with a new marketing property, ‘ Grand Shopping Carnival,’ which has been well-versed by customers.

Isha M Ambani, Executive Director, Reliance Retail Ventures Limited, said, “The sustained growth across consumption baskets has further consolidated our position as a market leader. We continue to innovate and invest in our stores and digital platforms to make shopping more engaging for our customers.”.