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Reliance Retail reports 2.7% profit rise in Q3
Yahoo Finance· 2026-01-19 11:51
Core Insights - Reliance Retail Ventures Limited (RRVL) reported a 2.7% increase in profit for Q3 FY26, with profit after tax rising to Rs 35.51 billion ($390.6 million) from Rs 34.58 billion in Q3 FY25 [1] - The company achieved consolidated revenue growth of 8.1% year-on-year, reaching Rs 976.05 billion, with revenue from operations increasing by 9.2% to Rs 869.51 billion [2] Financial Performance - EBITDA from operations increased by 2.1% to Rs 67.70 billion, while overall EBITDA rose by 1.3% to Rs 69.15 billion, with the EBITDA margin narrowing to 8% [3] - For the nine months ending December FY26, gross revenue totaled Rs 2,717.94 billion, compared to Rs 2,422.50 billion in the same period last year, with nine-month EBITDA at Rs 201.12 billion [3] Operational Highlights - RRVL added 431 stores, bringing the total to 19,979 outlets, with retail area expanding to 78.1 million square feet [4] - Registered customers increased by 11.8% year-on-year to 378 million, and quarterly transactions surged by 47.6% to 524 million [4] E-commerce and Customer Engagement - JioMart expanded to over 5,000 pin codes across more than 1,000 cities, achieving 1.6 million daily orders [4] - Average daily orders rose by 53% quarter-on-quarter and over 360% year-on-year, with the merchant network increasing by 22% [5] Segment Performance - The fashion and lifestyle segment saw festive-driven demand across more than 1,300 cities, with Ajio's average basket value increasing by 21% year-on-year [5] - The Jewels business experienced a 73% year-on-year rise in average bill value, with old gold exchange sales accounting for 29% of total sales, up from 21% a year earlier [6]
Proactive Agents – Kath Korevec, Google Labs
AI Engineer· 2025-12-13 04:44
[music] I'm so excited to be here. I love New York and I love meeting everybody here. And I am Kath Corbec.I'm from Google Labs and I work on this little team called ADA and I'm going to be talking about some of the stuff that we've been doing on this project called Jewels. So, a few months ago in my household, our dishwasher broke. And while it was being repaired, my husband decided that he was going to do all the dishes. And so, he told me he was going to do this.But every single night, I found myself rem ...
X @Forbes
Forbes· 2025-12-09 01:40
Auction Performance - Sotheby's achieved a "white glove" result, meaning all lots were sold [1] - The auction on December 5 in Abu Dhabi featured 42 lots from a private collection [1] - The collection consisted of important jewels and timepieces [1]
X @Forbes
Forbes· 2025-11-19 21:00
Industry Trend - Jennifer Lawrence is borrowing jewels from Sotheby's for an upcoming sale [1] Sales and Auction - The borrowed jewels will be going on sale soon [1]
X @Forbes
Forbes· 2025-09-29 00:00
Auction Highlights - Cartier Jewels are featured in Sotheby's Paris 'Fine Jewelry' Sale [1]
X @Forbes
Forbes· 2025-09-18 19:00
Industry Event - The article highlights key attractions from the 2025 Vicenzaoro September Trade Fair [1] Event Focus - The trade fair showcases some of the best jewels [1]
X @Forbes
Forbes· 2025-09-17 06:00
Event Overview - The article highlights some of the best jewels from the 2025 Vicenzaoro September Trade Fair [1] Industry Focus - The content is related to the jewelry industry and a specific trade fair [1]