Consolidated revenue from operations increased 18.2% y-o-y to Rs 11,865.44 crore.
These products are in affordable pricing category.
Reliance has acquired Metro's India business for Rs 2,850 crore.
The platform is initially available to all Reliance employees and will soon be available to consumers.
Jain becomes key managerial personnel (KMP) at FSN E-Commerce, as well as Company Secretary (CS) and Compliance Officer.
Meanwhile, company reported a 33% yoy increase in its revenue from operations.
Reliance Retail opened 789 new stores totaling 6 million square feet.
Witzig Advisory Services, More Retail's holding company, is 49% owned by Amazon.
Goenka anticipates that this format will contribute half of the company's revenues over the next five years.
METRO India commenced operations in India in 2003 as the first company to introduce the cash-and-carry business format in the country.
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