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In this issue

Reliance Retail is now bigger than ITC, HUL, D-Mart, Britannia, Tata Consumer, and Godrej combined in market capitalization. Its revenue has already surpassed the combined India revenue of Amazon, Flipkart, and Tata’s retail businesses. This is not just about groceries or fashion. Reliance is embedding itself into every layer of India’s retail ecosystem, from sourcing and manufacturing to warehousing, logistics, and last-mile delivery. From neighborhood kirana stores to premium global brands, it is building an unmatched network.