RIL Achieves Record Revenue Milestone in FY24

Explore how Reliance Industries Limited (RIL) secured a historic gross revenue of Rs. 10.00122 trillion in FY24, accompanied by robust financial growth and expansion in key sectors.

1) Record-breaking Revenue

RIL reports a historic gross revenue of Rs. 10.00122 trillion (~$119.9 billion) in FY24, marking a 2.6% YoY increase.

2) Strong Financial Performance

EBITDA rises by 16.1% to Rs. 178.67 billion, with PAT growing by 7.3% to Rs. 790.2 billion in FY24.

3) Q4 Growth

In Q4 FY24, revenue increases by 10.8% YoY to Rs. 2,648.34 billion, driven by growth in the consumer business sector.

4) Retail Ventures Growth

RRVL records a 17.8% increase in gross revenue in FY24, reaching Rs. 3,067.86 billion, with impressive EBITDA growth and expansion in the fashion sector.

5) Operational Challenges and Initiatives

Despite challenges in the polyester sector, RIL's initiatives across businesses contribute to robust financial and operational performance, including crossing the Rs. 1,000-billion threshold in pre-tax profits.

6) Quarterly Performance

In Q4 FY24, EBITDA increases by 14.3% to Rs. 471.5 billion, and PAT marginally improves to Rs. 212.43 billion, driven by growth in the consumer business sector.

7) Expansion and Innovation

RRVL expands its footprint in the fashion sector, introduces new formats, and strengthens its own brands, with several brands achieving significant annual sales milestones.

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