Reliance Retail closes Q1 with fewer stores but footfall goes up by 18.9%

Reliance Retail Ventures Limited (RRVL) reported an 18.9% annual increase in footfalls in Q1 of FY25, with 296 million compared to 272 million in Q4 FY24. The retail giant added 331 stores, bringing its total to 18,918 with an area under operation of 81.3 million square feet. The company posted an 8.1% increase in revenue and EBITDA, up by 10.5% YoY, due to increased footfalls and store expansion.