Reliance Retail, the retail arm of Reliance Industries Limited (RIL), is aiming to double its sales in the next three to four years.
Isha Ambani-led Reliance Retail operates in diverse verticals including online and offline groceries, electronics, apparel, makeup products, footwear, food, jewellery and lifestyle.
In the first quarter of FY25, Reliance Retail's revenue grew 6.6 per cent YoY to Rs 66,260 crore.
Reports suggest that while groceries and electronics are the key areas of growth, Reliance Retail is focussing more on fashion and lifestyle. The company is gearing up for more changes in the retail segment by expanding its brands including Eusta, Azorte and Gap.
Akhilesh Prasad, President and CEO, Reliance Retail Fashion & Lifestyle, said the company will focus on expanding its store count and digital presence to tap the growth opportunities in India's evolving retail business.
Earlier this year, Reliance Retail had signed a licensing agreement with ASOS, a UK-based fast fashion retailer.