Big move by Mukesh Ambani, Isha Ambani as Reliance Retail captures quick commerce market with Ajio, JioMart, profit jumps 29% to Rs…
GH News April 27, 2025 02:06 AM
Reliance Retail the retail arm of Mukesh Ambani-owned Reliance Industries has emerged as Indias largest retailer under the leadership of Ambanis daughter Isha Ambani and is now set its sights on capturing the e-commerce and quick commerce markets with its online fashion and lifestyle platform Ajio. Ajio recently made a big push to capture market share in the quick commerce space with its grocery platform JioMart which now offers quick delivery across 4000 pin codes via more than 2100 stores in the country. According to a recent investor presentation by Reliance Retail JioMart saw a 2.4 times quarter-on-quarter growth in daily gross orders in Q4 of FY25 with a 62 percent increase in average daily orders on a year-on-year basis. The platform now offers under-30-minute delivery scheduled options and daily subscriptions apart from having a dedicated Quick tab option for ultra-fast deliveries and a Scheduled section for planned purchases. As per Reliances Q4 results Reliance Retail saw its net profit jump 29 per cent year-on-year to Rs 3545 crore for the fourth quarter of FY2025. The firms revenue surged by 16.3 per cent YoY to Rs 78622 crore for the January - March quarter. Meanwhile Ajio continues to make inroads into the e-commerce space with the Isha Ambani-led platform adding 1.9 million new customers Q4 and also integrating popular Chinese fast fashion brand Shein in its web app and offline stores. At present Ajio offers same-day and next-day delivery across 26 cities including in major metros like Bengaluru Mumbai Delhi Hyderabad and Chennai. Reliance Retail Indias largest retailer which recently reintroduced Chinese fast-fashion brand Shein in the country after a five-year ban is also a partner brand of major international brands such as Versace Amiri Armani and Balenciaga. Under Isha Ambanis leadership Reliance Retail which has an estimated value of around Rs 8.3 lakh crores has witnessed exponential growth in a short period of time opening 3300 stores across the country in 2023 and brought reputed international brands into the Indian market.
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