Mumbai, Aug 30 (UNI) Reliance Retail plans to “invest Rs 40,000 crore (USD 4.7 billion) to create Asia’s largest integrated food parks with AI-driven automation, robotics and sustainable technologies, securing lasting cost leadership”, Reliance Industries Director Isha Ambani said, while addressing the 48th Annual General Meeting (AGM) of the company.
Reliance Retail, whose gross revenues crossed Rs 3.30 lakh crore in FY25 with 1.4 billion transactions and operates nearly 20,000 stores across India also plans to increase its digital reach with e-commerce platforms like JioMart and AJIO to expand coverage of hyperlocal delivery services.
“Our online channels contribute a high single-digit share of retail revenues but will grow to over 20 per cent within three years,” said Isha Ambani, who heads the retail business.
Reliance Retail, which has a registered customer base of 349 million, leads in hyperlocal quick commerce, with its vast store network, strategically located stores, and deep consumer data to offer faster, reliable deliveries than any competitor. “Looking ahead, we are confident of delivering 20% plus CAGR in retail revenues over the next three years,” she said.
Speaking about its FMCG arm Reliance Consumer Products Ltd (RCPL), Isha Ambani said that it is among the “growth engines” and the group now has ambitions to have a revenue of Rs 1 lakh crore in the next five years with global presence.
