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via livemint.comBusiness & Companies

Reliance Retail Q2: net profit falls 24% to ₹2,611 crore; revenue up 6%

FROM THE WIRE · LIVEMINT.COM

Company highlights macroeconomic trends hurting demand like rising inflation, weak rupee and monsoon deficit

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishProfit fell sharply, and the company cites inflation, a weak rupee and monsoon deficit as headwinds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Reliance Retail's net profit fell 24% to ₹2,611 crore.
  2. 02Revenue rose 6% in the quarter.
  3. 03The company attributes the weakness to inflation, a weak rupee and monsoon deficit.

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