Growth trajectory set to return for Reliance Retail in Dec quarter

Consolidation period over, say analysts

- VIVEAT SUSAN PINTO

THE COUNTRY'S LARGEST organised retailer, Reliance Retail, may be back on the growth path in the third quarter of the current financial year backed by festive demand, sector analysts said. Parent Reliance Industries (RIL) is set to declare its financial results on January 16.

In the result preview ahead of RIL's earnings next week, global brokerages such as Goldman Sachs, Bernstein and CLSA have said that the period of consolidation for Reliance Retail has concluded in the first half of FY25. This period of consolidation was marked by muted store launches and a focus on improving profitability, experts said.

"The retail business should return to its growth trajectory in the second half of FY25 backed by festive demand in Q3," CLSA said in a note on RIL this week.