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Reliance Retail Q4 Results: RRVL reported strong financials with Q4 net profit at Rs 2,698 crore and revenue of Rs 67,610 crore. EBITDA increased, store footprint expanded, and total revenue crossed Rs 3 lakh crore.
The retail APE for LIC stood at a negative CAGR of 3.8% while the sector grew at a rate of 9% over two years, with private sector companies growing at 17%.
The QIB portion was subscribed 61% on the opening day, marking a promising start. Typically, QIBs tend to bid on the final day of the offer. The majority of bids in the QIB portion came from foreign institutional investors (FIIs).