Reliance Retail expects better margins next year as online investments pay off
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
With ongoing investments in ecommerce, Reliance Retail expects better Ebitda margins. The company is enhancing dark stores to ensure quicker delivery times and adapting retail spaces to cater to online shoppers. Although recent reports indicate a decrease in net profit, digital…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralExpected EBITDA margin improvement is relevant for a major Indian conglomerate's retail arm.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Reliance Retail is investing in e-commerce and dark stores for faster delivery.
- 02Recent reports indicate a decline in net profit.
- 03Digital commerce grew 42%.