Reliance Retail bets on JioMart scale to drive margins, growth
Bengaluru, July 17 -- Reliance Retail is betting on its quick commerce arm JioMart as a lynchpin to drive sales in categories such as grocery and electronics over the next four quarters, as it looks to expand its dark-store network "aggressively" with a keen eye on unit economics, its finance head said on Friday.
JioMart is expected to see the benefit of scale play out in the form of higher margins and cash generation over the next two years, as it works on acquiring "high-quality customers" that will drive up purchase frequencies, Reliance Retail's chief financial officer (CFO) Dinesh Taluja said in Reliance Industries Ltd's (RIL) investor presentation for April-June (Q1) quarter of this financial year.
"Basket values grow over a perio...
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