Reliance Retail experienced a 7% sales growth in the fiscal third quarter due to festive and wedding season demand. The company improved profitability through streamlined operations and productivity enhancements. Revenue reached ₹79,595 crore, with a net profit of ₹3,458 crore. Reliance opened 779 new stores and saw strong growth across various retail categories.
Reliance Retail is expanding into the luxury segment by introducing Saks Fifth Avenue to India and forming a franchise arrangement with the brand. Additionally, they have entered a JV with Mothercare PLC, brought Tiffany & Co to India, and launched other luxury brands, while also continuing to grow their FMCG presence.
Mothercare plc (MTC.L) reported pretax profit of 2.9 million pounds for 53 weeks ended 30 March 2024 compared to 2.2 million pounds for 52 weeks ended 25 March 2023.
Stocks including RIL, Infosys, Wipro, Axis Bank, LTIMindtree, Adani Enterprises, Kotak Mahindra Bank, TCS, Zomato and more will be the spotlight on Friday, October 18.
The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Petrofac Ltd, up 12% at 74.51 pence, 12-month range... | May 18, 2023
The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Sound Energy PLC, up 12% at 1.99 pence, 12-month range 0.8p-3.4p. The... | May 4, 2023
The report includes the safety products like Baby Car Seat, Baby Strollers & Prams, Baby Cribs & Cots, Baby Carrier, Baby Safety Gate & Bedrails, and Baby...
Pune, India, Jan. 11, 2021 (GLOBE NEWSWIRE) -- The global baby apparel market size is expected to reach USD 82.54 billion by 2027, exhibiting a CAGR of 4.2% ...