Reliance Retail prioritising digital commerce expansion; expects investments to boost margins over next two years
Mumbai, July 19 -- Reliance Retail is prioritising investments to expand its digital commerce business, including dark stores and hyperlocal delivery infrastructure, with the company expecting these investments to improve margins and cash generation over the next two years, according to management's comments during Reliance Industries' post-earnings analyst call.
The management said the pressure on retail margins during the June quarter was a deliberate outcome of its strategy to scale digital commerce rather than a sign of weakness in the business.
"We continue to invest in technology and infrastructure for dark stores to enable online commerce... As we increase the growth of digital revenues, margins have come down. It is a function o...
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