Reliance Retail launches more than 600 dark stores in India

Core Insights - Reliance Retail has operationalized over 600 dark stores to enhance its under-30-minute delivery network [1] - JioMart has shown significant growth, with a 42% quarter-on-quarter and over 200% year-on-year increase in average daily orders [2] - The company reported an 18% increase in gross revenue to Rs900.18 billion ($10.23 billion) for the September quarter, with a profit after tax rise of 21.9% to Rs34.57 billion [4] Group 1: Dark Stores and Delivery Network - Reliance Retail has established more than 600 dark stores, which are essential for fulfilling online orders [1] - The company is investing in dark stores to support its quick commerce operations, particularly through JioMart [2] - The 30-minute delivery service has been extended to electronics and accessories in ten cities [4] Group 2: JioMart Performance - JioMart operates as the fastest-growing quick hyper-local commerce platform, covering 5,000 pin codes and serviced by over 3,000 stores in more than 1,000 cities [3] - The platform gained 5.8 million new customers in the quarter, reflecting a 120% sequential growth [3] - JioMart's seller base increased by 20% year-on-year, and the live catalogue was expanded to offer more product options [3] Group 3: Financial Performance - Reliance Retail Ventures Ltd reported gross revenue of Rs3300 billion for the fiscal year 2024/25 [4] - The company’s profit after tax for the September quarter rose to Rs34.57 billion, marking a 21.9% increase [4]