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Reliance Retail Ventures Ltd, the retail arm of India’s largest conglomerate, reported a 22 percent rise in quarterly profit to Rs 3,457 crore amid strong sales growth across formats and improved operating efficiency.

Net profit rose to Rs 3,457 crore for the quarter ended September 30 from Rs 2,836 crore in the same period last year, the company said.

Consolidated gross revenue rose 18 percent to Rs 90,018 crore from a year earlier. Consolidated revenue from operations stood at Rs 79,128 crore, representing a 19 percent increase from Rs 66,502 crore in the corresponding quarter of the previous year.

Quarterly EBITDA came at Rs 6,816 crore, up 16.5 per cent from the year-ago period, driven by higher revenues with a favourable mix and improvement in store operati

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