RIL’s ‘quick’ retail fix: Expat coaches
Reliance retail has recruited numerous expatriates to optimize its grocery operations, online fashion business Ajio, and enhance margins while engaging in leadership succession planning. The retailer is slowing expansion and closing more stores amid intense competition from quick commerce platforms and subdued demand. Key Points
Economic Timesretail tomato prices surge to Rs 70-80 per kg in Delhi
Retail prices of tomatoes in Delhi have surged to around Rs 70-80 per kg on lower supply due to recent heatwave... Key Points
The Tribune IndiaGodfrey Phillips to exit from retail sector, put 24Seven biz on block
Cigarette maker Godfrey Phillips India on Friday said it had decided to exit from its loss-making retail... Key Points
The Tribune IndiaWhen online goes offline: Why brick-and-mortar is back in fashion
India's new digital payment infrastructure and deeper internet penetration triggered a wave of e-commerce, but brick-and-mortar retail is making a comeback. Direct-to-consumer brands are opening physical stores. retail leasing is at a record high. Growth in online users has slowed. Retailers are expanding stores to enhance the shopping experience. Key Points
Economic Timesretail rebellion in these 35 smallcap stocks spark rally, defy big money
35 smallcap stocks have seen increased stake from retail investors despite MFs and FIIs reducing their stakes. This has resulted in double-digit returns since October 2023, with stocks like Inox Wind Energy and Prestige Estates Projects showing the highest gains. In many instances, it has been noticed that retail ownership has become sizeable enough to even cross institutional holding. Key Points
Economic Times
Realty booms in Maximum City as Tata Group, Reliance Industries keep on shopping
While Reliance retail started in 2006, it overcompensated for its late entry by aggressively opening stores across formats. Reliance has over 18,774 stores across supermarkets, electronics, jewellery, and apparel space. It has also either partnered or acquired over 80 global brands, from Gap and Superdry to Balenciaga and Jimmy Choo. A diverse portfolio of brands across various segments through strategic partnerships and collaborations helps an entity like Reliance to leverage synergies and enhance retail presence, especially in malls, experts said. Key Points
Economic Timesretail investors sold stocks worth Rs 12,000 crore in Q3. HDFC Bank among top 10 sells
Retail investors sold over Rs 12,000 crore worth of stocks in Q3, including shares of HDFC Bank, Reliance Industries, TCS, Infosys, and others. They bought shares of Jio Financial, Paytm, IDFC First Bank, Suzlon Energy, and more. retail holding in NSE-listed companies increased by 13.27% QoQ. Key Points
Economic TimesReliance retail Q3 results: Net profit surges 32% to ₹3,165 crore
Reliance retail Q3 results: Reliance Retail's revenue from operations rises 23.75% to ₹74,373 crore in Q3. Key Points
Hindustan TimesNew year wishlist for Mukesh Ambani from 37 lakh shareholders of Reliance Industries
While it is not known what's on the top of to-do list for Mukesh Ambani in 2024, investors of Reliance Industries are anxiously awaiting the listing of Reliance Jio and Reliance Retail. The IPOs will not only lead to value unlocking for 37 lakh shareholders of RIL but can also act as a re-rating trigger. Key Points
Economic TimesWhy bigger and more shopping malls are coming up in top cities
The new supply of retail space in shopping malls increased 72 percent last year to 59.48 lakh square feet across eight major cities to meet rising demand from retailers, according to Cushman & Wakefield. In 2023, as many as 11 shopping malls became operational, covering 59,48,395 square feet of space across the top eight cities. In the previous year, nine malls came into eight markets, totalling 34,49,222 square feet area. Key Points
Economic Times
Will retail trade policy boost ease of doing business?
Retail is a major contributor to GDP and employment, and India is expected to be the third largest consumer market by 2030, after China and the US. Yet, the trade is undermined by difficulty of doing business. The Centre’s retail policy could change things. Mint explains: Key Points
mintUPI surges on broad-based usage and deeper penetration
The Reserve Bank has higher transaction limit for financial services like for AMC, Broking, Mutual Funds, collections (Credit card payments, Loan re-payments, EMI), Insurance etc. where the transaction limit is `2 lakh. Insurance policy purchases and premium collections surged by 150% in transaction volume and 140% in new customer adoption, underlining the role of digital retail stores in addressing the challenges of insurance Key Points
Economic Timesretail investors crowd into Eli Lilly after weight-loss drug approval
Retail flows into Eli Lilly (LLY.N) spiked to a more than two-year high in November, as small investors rushed to buy the stock after the U.S. pharma major received a highly anticipated approval for its weight-loss drug Zepbound. Daily net purchases surged to $14.4 million on Nov. 8, when Zepbound was cleared in the U.S. and the U.K., hitting their highest levels since January 2021, as per data from Vanda Research. Key Points
Reutersretail traders cash out as market rallies on bets of end to rate hikes
U.S. retail traders rushed to lock in gains from a share rally sparked by signs of cooling inflation, looking to recoup losses in their portfolios from a brutal 2022 due to rising borrowing costs. Key Points
ReutersMorning Bid: Inflation on the ropes, shutdown averted
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
Reuters
retail pie in NSE cos at record
The gap between DII and FII shareholding reached an all-time low of 13.11% during the September quarter. Key Points
mintWhy Ambani and Jindal see future in debt-laden Future Group
Kishore Biyani, founder & CEO of Future Group, faces the decline of his business empire. Heavy debts, a series of acquisitions, and diversification into non-core ventures contributed to the downfall. Now, Reliance retail and Naveen Jindal's Jindal (India) are vying to acquire the remnants. Reliance Industries, in particular, stands to enhance its retail footprint and capitalize on India's growing organized retail sector. Key Points
Economic TimesIn a year or two, L&T Finance Holdings overall ROA will also go beyond 3%, strong PAT will continue: Dinan
“I would not like to answer in the short term what the growth rates will be. I can only say that good, healthy growth rates will continue. We have good plans for that. At the same time, credit cost will continue to improve and that will work on profitability and ROAs positively.” Key Points
Economic TimesStocks in news: Titan, RIL, Puravankara, Bank of Baroda, Biocon
Titan Co has clocked 20% year-on-year growth in its revenues for the second quarter ended September 2023. A total of 81 stores were added in this period, taking the groups retail presence to 2,859 stores. Key Points
Economic TimesADIA announces Rs 4,966.80 cr investment in Reliance retail Ventures Limited
Mumbai (Maharashtra) [India], October 7 (ANI): Reliance retail Ventures Limited (RRVL) announced on Friday that a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will inject Rs 4,966.80 crore into RRVL, a subsidiary of Reliance Industries Limited. This transaction places RRVL’s pre-money equity value at Rs 8.381 lakh crore, positioning it among India’s top […] Key Points
ThePrint
Leisure travel may pave the road for realtors to open malls on highways
Experts predict that an upgrade in infrastructure and an increase in leisure travel will drive growth in highway retail. Brands such as Tata Croma, Starbucks, and Uniqlo have already opened or are planning to open stores on highways. Developers are also investing in highway retail, with projects such as a 500,000 sq ft mall on the Mumbai-Nashik highway and a 1.5 million sq ft retail space on the Chandigarh highway. Key Points
Economic TimesTarget to close nine stores in major US cities. Check the list
Retail giant Target is set to close nine stores across major US cities due to escalating incidents of violence, theft, and organized retail crime. The affected locations include one store in Harlem, two in Seattle, three in the San Francisco-Oakland area, and three in Portland, Oregon. Key Points
Economic TimesADIA looks to put $600 million into RIL's retail business
Abu Dhabi Investment Authority (ADIA) is reportedly looking to invest $600 million in Mukesh Ambani's retail empire, Reliance retail Ventures (RRVL), at valuations significantly higher than those in the previous round three years ago. ADIA already holds a 1.2% stake in RRVL, alongside other investors such as KKR and Qatar. The current valuation is about 60% higher than the last round but lower than analysts' estimated value of $131 billion. RRVL, with a market value of $100 billion, is the 12th largest retail giant globally. Reliance retail posted annual revenue of INR 2.6 trillion ($35 billion) in FY23. Key Points
Economic TimesReliance retail in advanced talks to raise $2.5 bn from global investors by Sept-end: Report
The report said the target fund raise of $2.5 billion is part of a combined $3.5 billion target the firm has set for itself. Of this, $1 billion will come from Qatar Investment Authority (QIA). Key Points
Business Todayretail association seeks less restrictions during G20 Summit in capital
Commuters have been advised to remain indoors with educational institutions, and government and private offices across the city directed to remain closed during the period. Commercial establishments in high footfall markets such as Connaught Place, Khan Market, Janpath have also been directed to remain shut. Key Points
mint
Will RIL AGM change fortunes of 36 lakh shareholders? Here's a 5-point wish list
Investors are eagerly awaiting the conglomerate's management to highlight the way forward for monetisation of Jio and retail businesses. Within the operating businesses, we believe retail is the most interesting, but also the more opaque of RILs businesses given the lack of granular details, JP Morgan's Pinakin Parekh said. Key Points
Economic TimesReliance Annual General Meeting: What to expect in retail business
Reliance Industries Limited (RIL), India's largest conglomerate, is expected to focus on its financial services at its upcoming Annual General Meeting (AGM), but announcements and future plans for its retail arm are also anticipated. JPMorgan Chase expects disclosures around the retail business, which now forms the largest part of RIL's valuation. Key Points
Economic TimesIndia's Reliance Industries to sell additional stake in retail arm
India's Reliance Industries (RELI.NS) is likely to sell an additional 8-10% stake in its retail arm Reliance retail Ventures to fund expansion, retire debt and prepare for a public listing of the conglomerate's retail business, the Economic Times reported on Friday. Key Points
ReutersReliance retail valuation doubles in 3 years. Time for Mukesh Ambani to announce IPO at Monday's AGM?
QIA has valued Reliance retail Ventures, the holding company of Reliances organised retail business, at a pre-money equity valuation of Rs 8.3 lakh crore. At an estimated net debt of Rs 33,200 crore in FY25, RRVLs enterprise value stands at Rs 8.6 lakh crore, and equity per share value stands at Rs 1,200, according to Motilal Oswal's calculations. Key Points
Economic TimesWhat QIA investment means for Reliance retail & Reliance?
The Qatar Investment Authority is set to invest $1 billion in Reliance retail Ventures, valuing the company at $100 billion. This is a significant increase from its previous valuation of $43 billion in 2020. The investment reflects the growth and potential of Reliance retail Ventures, which has seen an increase in its customer base and operates through an integrated offline and online network. The deal is seen as a positive development for Reliance Industries and highlights the strength of its retail business. Key Points
Economic Times
Qatar Investment Authority to invest ₹8,278 crore in Reliance retail Ventures, to get equity stake of 0.99%
Qatar Investment Authority (QIA) is investing ₹8,278 crore ($1.1 billion) in Reliance retail Ventures Limited (RRVL), valuing the company at ₹8.278 lakh crore ($111 billion). Key Points
mintQatar Investment Authority to pick 1% stake in Reliance retail Ventures for Rs 8,278 crore
This investment values Reliance retail Ventures at a pre-money equity value of Rs 8.28 lakh crore. Key Points
Economic TimesWall St slips, yields jump as US retail spending persists
By Dhara Ranasinghe and Pete Schroeder LONDON/WASHINGTON (Reuters) - U.S. stocks opened lower Tuesday while government bond yields remained higher, as stronger-than-expected U.S. retail sales data Key Points
ThePrintThey’re quitting: a festive season retail headache
India’s retail sector hires truckloads of temporary workers during the peak festival season, starting in September. But this time around, there may not be enough workers willing to work for FMCG, retail, and logistics companies. Why is that? Mint explains: Key Points
mintTomates price expected to drop; govt to sell tomatoes at subsidised rate online soon
After an increase in the supply of new crops from Maharashtra and Madhya Pradesh, the Indian government has announced that the retail prices of tomatoes are expected to fall. There has been a rise in retail prices, with the cost of tomatoes ranging from Rs 200-250 per kilogramme in various parts of India due to a supply chain disruption triggered by various factors such as crop seasonality, white fly disease in Kolar and logistics disruptions resulting from heavy rain. Key Points
Economic Times
L&T Finance Q1: Surpasses targets with record Q1 profits and rapid retail expansion
L&T Finance Holdings reported a 103% growth in Q1FY24 profit, reaching Rs. 531 crore. The company achieved its Lakshya 2026 goal and saw strong retail disbursements. The PLANET app has surpassed 44 lakh downloads. The wholesale book has been reduced by 65% YoY. Key Points
mintCredit bureau flags risk of retail loan boom
Notably unsecured consumption-led products have risen a compounded annual growth rate (CAGR) of 47% from the quarter ending March 2021 to March 2023 and credit card delinquencies rose 66 bps ( one bps is 0.01 percent) year-on-year in the March 2023 quarter to 2.94 percent. Key Points
Economic TimesAt $100 billion-plus valuation, Reliance retail bigger than FMCG giants ITC, HUL
Calculations done by global brokerage firm JPMorgan sees Reliance Retails enterprise value at $112 billion and implied equity value at $102 billion. UBS has valued it at $110 billion, Bernstein at $111 billion while domestic brokerage JM Financial's estimate is at $105 billion. Key Points
Economic TimesRs 1,100-1,200 fair value of Reliance retail based on global majors’ assessment: Sushil Choksey
“One had to assume that Reliance would not permit what is happening over the past few years in the grey market as far as Reliance retail was concerned. It is a candidate where Reliance as a parent and shareholders would get a reward like what Jio Financials has been announced. The same thing would happen to retail and Jio on the telecom side.” Key Points
Economic TimesReliance retail set to cancel all public shares
Global investment firm Bernstein in a May report valued the holding company of Reliance Retail, called Reliance retail Ventures (RRVL), at $131 billion (₹10.82 lakh crore). RIL owns 85% of RRVL, which in turn owns more than 99% of Reliance Retail. Key Points
Economic Times
Reliance retail valued $92-96 billion by company-appointed consultants: Source
Reliance retail includes Ambani's core retail businesses, including digital and brick-and-mortar stores. Reliance retail is fully owned by Reliance retail Ventures, which also houses other retail operations such as international partnerships and the billionaire's consumer goods business. Key Points
Economic TimesReliance retail valued at $92-96 bn by two global consultants: Report
Ernst & Young had valued the firm at Rs 884.03 per share, while BDO Valuation Advisory LLP has put the price of Rs 849.08 per share Key Points
Business TodayMagson retail And Distribution lists with 40% premium at ₹91.15 per share on NSE SME
The initial public offering (IPO) of Ahmedabad-headquartered Magson retail And Distribution was subscribed 6.74 times during June 23 to 27. Key Points
mintFuel companies on 'convenience' drive to draw in buyers
Leading Indian fuel retailers are diversifying their businesses with non-fuel retail stores at EV charging and petrol filling stations. Providers including Adani Total and Bharat Petroleum are emerging with convenience stores, cafes, gaming zones, pharmacies and toy shops. Gaurav Marya, founder and chairman of Franchise India, has said that over 100,000 charging stations and petrol filling stations will emerge across the highways of India. Key Points
Economic TimesMadame aims for 27% revenue jump in FY24 to reach Rs 470 crore, says Akhil Jain
In order to fuel its future growth plans, Madame is focusing on expanding its retail presence in the South and West regions of the country. In the fiscal year 2023-24, it plans to add approximately 12 stores across eight cities in these regions. Key Points
Financialexpress
Direct retail flows hit highest level in five months in April
Markets recovered from the 20 March low of 16828 to close at 18065 by April end, up 7.35%, thanks to MF buying. This squares with Bhamre’s analysis of retail being trend followers of institutional players. Key Points
mintRetailers hit pause as small towns slow down
Sales of lifestyle, apparel and discretionary products moderated for the second consecutive month to 6% in April due to a high base a year ago. While retail sales grew in strong double digits consistently over the past year, the growth slowed down to 6% in both March and April, according to the Retailers Association of India (RAI), indicating slowest sales expansion in more than 14 months. Key Points
Economic TimesReliance Retail, Adani Group no longer in race for Future Retail: Report
According to the report, a total of six bids have been received for the final round of bidding for Future retail from lesser-known companies. Realty firm Space Mantra has bid the highest for the company, meanwhile, the five other applicants have bided for parts of Future Retail. Key Points
Economic TimesNexus select trust focuses on fresh acquisitions in Eastern India
The platform, which owns several malls, is India's first retail assets-led REIT. It is looking to add new properties spread around 1.5 million sq ft to its portfolio every year for the next three to five years, said Arjun Sharma, vice chairman at Nexus Select Mall Management. Key Points
Economic TimesGovt to announce national retail trade policy, accident insurance scheme for GST-registered traders soon
The government is likely to announce a national retail trade policy and an accident insurance scheme for GST-registered domestic traders soon, reported PTI, citing an official. The policy is aimed at providing better infrastructure and more credit to the traders. Key Points
Economic Times
Reliance retail enters into joint venture for toy manufacturing with Haryana-based firm
The brand currently owns iconic British toy brand Hamleys and home-grown toy brand Rowan. Reliance retail has entered into a joint venture with Sonipat, Haryana-based Circle E retail to vertically integrate its toy business. Key Points
Economic TimesReliance Consumer acquires makers of Raskik drinks and Toffeeman candies
Reliance Consumer Products has acquired two new fast-moving consumer goods brands, Raskik and Toffeeman, as part of its push to build a strong consumer goods business in India. The acquisitions will add to RCPL's existing product range, which includes staples, biscuits, beverages, confectionery and chocolates. Reliance Retail, the parent company of RCPL, added over 3,300 new stores in FY23, taking its retail footprint to over 18,000 stores. The company recorded gross revenue of INR260,364 crore ($35bn) for FY23, a growth of 30% YoY, and footfalls of over 780 million, up 50% YoY. Key Points
mintReliance retail Q4 Results: PAT rises 13% YoY to Rs 2,415 cr; co posts record revenue
Revenue from operations for the fourth quarter rose 21% to Rs 61,559 crore as against Rs 50,834 crore in the same period last year. The revenue growth was led by robust momentum in grocery, consumer electronics and fashion and lifestyle. Key Points
Economic Times