Latest news with #RelianceRetailVentures
Time of India
10 hours ago
- Business
- Time of India
Reliance brings UK's FaceGym to India with stake buy
MUMBAI: Reliance Retail Ventures announced on Thursday that it will buy a minority stake in UK-based FaceGym. This equity investment will bring FaceGym into India. It did not disclose financial details. FaceGym, a facial workout brand, was founded by former Financial Times journalist Inge Theron, with the first outlet opening in Selfridges, London, in 2014. Over five years, Reliance will establish FaceGym's presence in India through a combination of standalone studios and curated spaces within select Tira stores. Reliance Retail Ventures, which houses grocery, consumer electronics, pharma, and fashion outlets, made an operating profit of Rs 25,053 crore on a turnover of Rs 3.3 lakh crore during FY25. "FaceGym sits at the unique intersection of beauty, wellness, and fitness, creating a category of its own. This aligns perfectly with the discerning beauty consumer in India who is experience-oriented and increasingly drawn to science-backed, innovative concepts," said Tira co-founder Bhakti Modi. Bhakti is the daughter of Manoj Modi, a confidant of RIL chairman Mukesh Ambani . Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
18 hours ago
- Business
- Business Standard
Reliance Retail to bring FACEGYM to India, makes minority investment in co
Reliance Retail Ventures on Thursday announced a strategic minority investment in UK-based FACEGYM, a global facial fitness and skincare company, and will also bring it to India. 'This marks a pivotal step in RRVL's continued expansion in the high-growth beauty and wellness space,' the company said in a release. Founded by wellness entrepreneur Inge Theron, FACEGYM offers non-invasive facial workouts with skincare formulations. 'Through this partnership, Reliance Retail's Tira will spearhead FACEGYM's foray into India – leading its local operations and market development, and bringing the brand's innovative concept to the Indian consumer,' Reliance Retail Ventures said in its release. Reliance will establish and scale FACEGYM's presence in India over the next five years, through a mix of standalone studios and curated spaces within select Tira stores across key cities. Commenting on the partnership, Bhakti Modi, Co-founder & CEO of Tira, said, 'At Reliance Retail, our commitment is to introduce world-class brands and innovative concepts and experiences to the Indian consumer. FACEGYM sits at the unique intersection of beauty, wellness, and fitness – creating a category of its own. This aligns perfectly with the discerning beauty consumer in India, who is experience-oriented and increasingly drawn to science-backed, innovative concepts. We welcome FACEGYM to our portfolio and to India, and are excited to unlock its immense growth potential in this dynamic market.'
Business Standard
22-05-2025
- Business
- Business Standard
Reliance Retail Ventures standalone net profit declines 11.53% in the March 2025 quarter
Sales rise 79.07% to Rs 2156.00 crore Net profit of Reliance Retail Ventures declined 11.53% to Rs 545.00 crore in the quarter ended March 2025 as against Rs 616.00 crore during the previous quarter ended March 2024. Sales rose 79.07% to Rs 2156.00 crore in the quarter ended March 2025 as against Rs 1204.00 crore during the previous quarter ended March 2024. For the full year,net profit rose 15.64% to Rs 3106.00 crore in the year ended March 2025 as against Rs 2686.00 crore during the previous year ended March 2024. Sales rose 11.82% to Rs 5706.00 crore in the year ended March 2025 as against Rs 5103.00 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2156.001204.00 79 5706.005103.00 12 OPM % 5.9811.21 - 8.7113.01 - PBDT 828.00956.00 -13 4610.004245.00 9 PBT 708.00828.00 -14 4144.003614.00 15 NP 545.00616.00 -12 3106.002686.00 16
India.com
27-04-2025
- Entertainment
- India.com
Anant Ambani-Radhika Merchant love story: Mukesh Ambani's bahu Radhika Merchant had issues with Anant due to…, she used to ‘complain' over his...
Anant Ambani and Radhika Merchant's wedding was the event of 2024. The extravagant Ambani wedding event became a spotlight attention with all the big celebs being a part of it and even national and international bureaucrats, international popular figures such as Kim Kardashian walking the red carpet. Anant, the youngest son of Mukesh and Nita Ambani, and a director at Jio Platforms and Reliance Retail Ventures, celebrated his union with Radhika in Mumbai's Jio World Centre in Mumbai's Bandra Kurla Complex. Now, it is soon going to be a year as Anant and Radhika's wedding marks a year. While on the surface of it, the wedding seemed perfect, but just like other couples, even they had their ups and downs. And just like that, in an interview, Anant opened up that Radhika often complains to him about being sidelined. While Anant and Radhika have known each other for years and have moved in the same social circle, there were stages when the duo had some differences. Anant has always been extremely dedicated to his work, especially Vantara, an ambitious initiative focused on animal rescue and care. At one point, Anant shared that he worked 15–16 hours a day, balancing his time between Vantara and other commitments, which left Radhika feeling 'sidelined.' Speaking in an interview with CNBC-TV18, Anant shared, 'I've always believed in giving my all to what I care about. Vantara is close to my heart, so I dedicate at least one and a half hours daily to it. The rest of the time—about 14 hours—I spend supporting my father and our ventures. So, yes, I was working close to 15 hours every day. Back then, Radhika would often complain about how little time we had together.' Anant, in a heartfelt interview with The Times of India, revealed his love for animals. He shared how his parents played an important role in teaching him how to care for animals deeply and how caring for them brings blessings and good karma. 'Since childhood, I've been around animals. My parents always said that helping the voiceless is a great act of kindness. In our Hindu tradition, even Lord Ram cared for Jatayu and helped a little squirrel—and both returned their blessings in their own ways,' he said. Meanwhile, coming back to Anant's wedding and the festivities, the couple threw three major pre-wedding festivities which witnessed the presence of many Bollywood celebs. Finally, the couple tied the knot on 12 July 2024.
Business Standard
25-04-2025
- Business
- Business Standard
Reliance Retail Q4 results: Net profit rises 30.4% to Rs 3,519 crore
Reliance Retail Ventures registered a 30.4 per cent rise in net profit at Rs 3,519 crore for the January–March quarter compared to last year, while its Ebitda from operations increased 14.6 per cent to Rs 6,510 crore. Reliance Retail saw its revenue from operations at Rs 78,622 crore, up 16.3 per cent year-on-year (Y-o-Y), while its gross revenue from operations was up 15.7 per cent to Rs 88,620 crore. Sequentially, its revenue from operations was down 1.2 per cent and its net profit was up 1.0 per cent. 'The retail segment also delivered consistent growth. In FY25, the business focused on a strategic recalibration of our store network, aimed at improving operational efficiencies and long-term sustainability. Our enhanced product catalogue and user experience across all formats strengthened customer engagement,' Mukesh Ambani, chairman and managing director, Reliance Industries, said in a statement. He added, 'The quick hyperlocal deliveries initiative has also gained significant traction in the market, connecting strongly with the users. Our suite of omni-channel offerings and widespread presence will enable Reliance Retail to continue delivering superior value to all its customers.' During the quarter, it opened 1,085 new stores, taking its total store count to 19,340 stores with a total area of 77.4 million sq ft. In FY25, Reliance Retail recorded gross revenue of Rs 330,870 crore, up 7.9 per cent compared to FY24. In the quarter ended March, its depreciation was down 3.4 per cent Y-o-Y at Rs 1,402 crore, while its finance cost remained flat in the quarter. In the January–March quarter, the company continued to focus on scaling up its digital commerce and new commerce, and these channels now contribute to 18 per cent of its total revenue. Isha M Ambani, executive director, Reliance Retail Ventures, said, 'Reliance Retail delivered strong growth in revenue and profits, powered by improved efficiencies, innovative formats, a sharper product mix, and continued investments in technology and customer experience. We remain focused on shaping the future of retail with agility and purpose.' Its consumer brands business closed FY25 revenues at Rs 11,450 crore, and the business continued to expand its reach through general trade, leading to 3.5 times Y-o-Y growth in sales during the period. In the consumer electronics business, stores maintained growth momentum, driven by a 26 per cent Y-o-Y rise in average bill value and a 200 basis point improvement in conversions. The early onset of summer helped air conditioner and cooler sales; the 'Digital Chill Fest' for air conditioners saw a 21 per cent Y-o-Y growth, the company said in its release. The JioMart Digital (JMD) business saw a sharp rise of 76 per cent Y-o-Y and expanded its merchant partner base. Its own brands business grew by 30 per cent Y-o-Y on the back of merchant partner expansion (up 60 per cent Y-o-Y) and the launch of new products across consumer durables and domestic appliances. The fashion and lifestyle business maintained its growth momentum as customers shopped for local festivals and weddings. Its in-house (own) brands contribution was up 9 per cent Y-o-Y, with Netplay and Avaasa delivering strong performance. Fashion website Shein was launched across the app, website, and shop-in-shop on AJIO, it said in the release. Grocery stores outperformed with industry-leading performance, and robust growth across categories was led by general merchandise and value apparel. 'Metro reported strong growth led by an uptick in staples, processed foods, confectionery, and beverages categories. Targeted initiatives in the HoReCa segment delivered positive results, driving a 37 per cent Y-o-Y increase in sales,' it said. JioMart continued to scale up as a horizontal platform, and its average daily orders increased by 62 per cent Y-o-Y. Its exit daily gross orders recorded 2.4 times quarter-on-quarter (Q-o-Q) growth, led by strong customer proposition of lowest prices, free delivery, and no hidden charges, it said.
