Reliance Retail's earnings before interest, taxes, depreciation, and amortisation (EBITDA) from operations increased by 16.7 per cent to Rs 6,624 crore. The company's revenue from operations came in at Rs 79,128 crore, increasing from 19 per cent Y-o-Y, while its gross revenue also increased by 18 per cent at Rs 90,018 crore. Sequentially, its revenue from operations increased by 7.3 per cent and its net profit rose by 5.3 per cent. RRVL Executive Director Isha Ambani said, "Reliance Retail delivered strong performance during the quarter, led by our relentless focus on operational excellence, investments in stores and digital platforms, and festive buying across consumption baskets. Goods and services tax (GST) rate changes will further accelerate consumption growth as consumers get the benefit of lower prices. Our success is a testament to our deep understanding of the consumer. We consistently innovate, from curating new collections to creating campaigns that connect with today's Indian consumer, and our focus remains on building brands that inspire and resonate across India". Reliance Industries Chairman & Managing Director (CMD) Mukesh Ambani said, "I am happy to highlight the growth momentum of our retail business. All formats registered higher volume, propelling strong growth in both revenue and Ebitda. There has also been a sustained pickup in our quick hyperlocal delivery model. The recently announced progressive reforms in the GST regime provide a boost to continuing consumption-led growth". During the quarter, Reliance Retail opened 412 new stores, taking its total store count to 19,821, with a total area of 77.8 million square feet. In the quarter ended September, its finance cost was up 4.7 per cent Y-o-Y at Rs 596 crore. The company's registered customer base grew to 369 million, making Reliance Retail one of the most preferred retailers in the country, the company stated in its release. "Grocery as well as fashion and lifestyle businesses grew 23 per cent and 22 per cent Y-o-Y, respectively, led by festive buying. Consumer electronics delivered 18 per cent Y-o-Y growth, aided by GST rate reduction and new launches," the release mentioned. The company's grocery business saw double-digit growth on a Y-o-Y basis in core categories. Packaged food grew 20 per cent, staples rose 18 per cent, and home & personal care (HPC) increased 13 per cent. Additionally, the volume of fruits & vegetables (F&V) was up 62 per cent Y-o-Y. Premium formats, which deliver an immersive food experience, continued to gain traction - FreshPik grew 35 per cent like-for-like. "Metro continued its strong growth momentum, with growth across all categories. Commodities grew 20 per cent Y-o-Y while home care, hair care, and air care all grew 15 per cent Y-o-Y," the release stated.