Joined: 10/Sep/2006
Location: India
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Posts: 357
Posted: 18/Sep/2007 at 11:25pm
very well said xbox about reliance.
I have a very few shares of Reliance in my portfolio. I have not made any research in buying those. It is just lying like that in my portfolio. But I have got the highest return from Reliance. With lot of research, time and what not, all other stocks are laggards compared to Reliance.
Joined: 03/Jul/2007
Location: India
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Posts: 570
Posted: 18/Sep/2007 at 8:03am
MUMBAI: Reliance Retail (RRL), the wholly-owned subsidiary of Reliance Industries (RIL), has posted a net loss of Rs 10.9 crore in the first year of its commercial operations, the latest annual report of RIL says. The loss was on a total income of Rs 259.85 crore. RRL became a subsidiary of RIL in February 2006 with a stake of 98.74%. ............
Reliance Retail, which opened its first outlet in Hyderabad last year, is still in the roll-out phase and plans to set up about 5,000 stores of various formats by 2009. The losses, analysts say, is on account of heavy investments in the initial phase of operations. “RRL will get the first mover advantage and will be the first one to break even in the organised retail sector,” a Mumbai-based analyst tracking RIL said.
RIL chairman Mukesh Ambani announced the company’s ambitious plans to set up a pan-India footprint of multi-format retail outlets including convenience stores, hyper markets, speciality stores and super markets in more than 1,500 cities and towns. The company plans to invest Rs 25,000 crore and employ more than five lakh people.
“Currently, over 300 Reliance Fresh outlets have been opened to the customers. Additionally, the first speciality stores dealing in electronics and consumer durables named Reliance Digital and India’s largest hypermart called Reliance Mart also opened to a tremendous customer response,” Mr Ambani said in a letter to shareholders.
The support infrastructure including farmer collection points, distribution centres and logistics network is being developed to keep pace with the stores, he added. RIL’s latest annual report also states that RRL has a Rs 4,051-crore capital with negative reserves of Rs 10.90 crore. RRL has made investments worth Rs 365.18 crore as on March 31, 2007.
RRL also launched its B2B initiative called Ranger Farms to cater to the small retailers in Hyderabad. The company introduced its private label in the staples category under the “Reliance Select” brand name. RRL introduced the loyalty programme for its customers called “RelianceOne” and has enrolled more than one million members within the first five months of its operations.
During the year, six subsidiaries of RRL namely Reliance Retail Concepts and Services (India), Ranger Farms, Reliance Retail Insurance Broking, Reliance Dairy Foods, Reliance Retail Finance, RESQ became the subsidiary of parent firm RIL. “Our focus this year will be on the rapid roll-out of Reliance Fresh and hypermarkets in various parts of the country. Apart from these formats, we will also open newer formats in select cities and towns,” the annual report says.
Life can only be understood backwards—but it must be lived forwards
Mukesh Ambani-promoted Reliance Retail’s plans to enter the travel space is gaining momentum. The company has applied to the International Air Transport Association (IATA), the industry body for accreditation and registration of travel agents and airlines, for starting a travel agency outlet in Mumbai.
The company plans to be in the entire gamut of travel-related business offering services like ticketing, hotel rooms, holiday packages, travel insurance, car rentals, among other products. Sources in the travel and airline business told ET that Reliance Retail has drawn out plans to set up 140 travel outlets in India and abroad.
Even though a senior IATA executive confirmed the development, a Reliance spokesperson declined to comment. It usually takes up to two months for accreditation formalities to get completed.
As part of Reliance’s retail strategy, they now want to tap the tier II and III towns in India by providing them access to superior travel services,” an industry source revealed. Reliance Retail operates around 225 outlets through various formats, including Reliance Fresh, Reliance Digital and Reliance Hypermarket.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
Joined: 01/Jan/2006
Location: India
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Posted: 20/Sep/2007 at 1:03pm
The target is to sell anything to any customer who walks into the store - from the needle to the sword!
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Joined: 29/Mar/2007
Location: India
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Posts: 4243
Posted: 20/Sep/2007 at 4:37pm
Reliance Retail (RRL), the wholly-owned subsidiary of Reliance Industries (RIL), has posted a net loss of Rs 10.9 crore in the first year of its commercial operations, the latest annual report of RIL says. The loss was on a total income of Rs 259.85 crore.
Not bad huh? Generating a revenue of Rs. 260 crores selling brinjals, potatoes and cabbages?
RRL has made investments worth Rs 365.18 crore as on March 31, 2007.
The company plans to invest Rs 25,000 crore
Now if you make some simple extrapolations and assumptions, we'll have an idea about what kind of turnover Reliance Retail will see in the future.
Joined: 07/Feb/2007
Location: India
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Posts: 2827
Posted: 20/Sep/2007 at 11:12am
Reliance Retail's first apparel store soon
Reliance Retail will launch into the apparel market later this month, with the first of its 115 apparel stores opening in the national capital region this month end. Another 10 stores will be up and ready before the end of this year, a company official told Business Standard today.
The Reliance apparel stores will stock all kinds of apparel, about 4,000 products across as many as 94 brands, manufactured exclusively for the company.
The stores will have separate men's, women's and kidswear categories, the official said.
The company has 211 designers and has tied up with a large number of apparel manufacturers for merchandise. Johnson & Johnson is one of the companies supplying kidswear.
Consultancy firm KSA Technopak estimates the retail apparel market in India in the region of Rs 1 lakh crore (Rs 1 trillion), and the organised retail market at about 20 per cent of that.
Some big international apparel and accessory retailers that have entered the Indian market are Diesel, Tommy Hilfiger, Esprit, Louis Vuitton, FCUK, Lee Cooper, Escada and Dunhill, some of them through the franchise route others by the single-brand retailing route.
Reliance Retail has planned nine product formats. It is in the process of also launching Reliance Footwear, Reliance Lifestyle, Reliance Auto, company executive said.
The company has already launched Reliance Fresh, the chain of fresh produce stores, Reliance Digital, a consumer durables and information technology store chain, and the Reliancemart hypermarket chain. While it has about 330 Fresh stores, it has just one digital store and one hypermarket so far.
The company has also launched its B2B initiative, labelled Ranger Farms, that will cater to small retailers in Hyderabad. It has also introduced its own label in the staples category under the Reliance Select brand.
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