Spencer's Retail Sector Head Shashwat Goenka said at a consolidated level the company's business has grown led by significant growth in the non-food business and also from the food business with sustained omni-channel presence

Total expenses were higher at Rs 703.89 crore as compared to Rs 669.49 crore in the same quarter a year ago.Spencer's Retail Sector Head Shashwat Goenka said at a consolidated level the company's business has grown led by significant growth in the non-food business and also from the food business with sustained omni-channel presence."Continuous investments in making our digital shopping experience seamless for our consumers have helped us sustain the growth in the omni channel business," he added.

V-Mart Retail Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 5108.02 Crore) operating in Retail sector.

In the Nifty pack, 1 stocks closed in the green, while 48 stocks ended in the red.

In the Nifty50 index, 1 stocks closed in the green, while 48 stocks ended in the red.

The Nifty Realty index closed 3.45 per cent down at 409.85.

In the Nifty 50 index, 1 stocks ended in the green, while 48 stocks closed in the red in today's trade.

The Nifty Pharma index closed 0.84 per cent down at 12784.45.

V-Mart Retail Ltd. key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2022.

V-Mart Retail Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 5776.97 Crore) operating in Retail sector.

Anticipation is high as the 65-year-old billionaire, who built Reliance into Indias largest company by market value and a powerhouse conglomerate, has used the speech for a series of big announcements. These include the launch of his disruptive telecom service in 2016, Saudi Arabian Oil Co.s proposed investment in Reliances energy business in 2019 and a strategic shift to green energy last year.

The company is the country's largest retailer. Its net profit was nearly three times the combined profit of the nearest five listed retailers: Avenue Supermarts which owns the DMart chain, Tata-owned Trent, Shoppers Stop, Spencer's Retail and V-Mart Retail. Revenue was more than four times the combined revenue of the rivals.

Avenue Supermarts Ltd., which currently runs the fourth-largest number of convenience stores in India, could scale up the chain known for its knockdown prices on everything from lentils to laundry powder to 1,500 supermarkets from 284.

"The Group has access to unutilised credit lines with its bankers and also additional capital from its promoters, if and when required. The Group also has other investments, which can be liquidated, if and when required," said Spencer's Retail.

The partnership aims ​​to bring iconic American fashion brand Gap to India. Through this deal, Reliance Retail has become the official retailer for Gap across all channels in India. Reliance Retail will introduce Gaps latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms.

The partnership aims ​​to bring iconic American fashion brand Gap to India. Through this deal, Reliance Retail has become the official retailer for Gap across all channels in India. Reliance Retail will introduce Gaps latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms.

RJIL is a wholly owned subsidiary of Jio Platforms, the holding company that owns all digital assets, including Reliance Jio Infocomm. Mukesh Ambani continues to remain the chairman of Jio Platforms.

The Nifty Pharma index closed 1.58 per cent up at 12127.2.

The Nifty Bank index closed 0.88 per cent up at 33135.0.

The Nifty Realty index closed 1.66 per cent up at 382.15.

The Nifty Realty index was trading 1.61 per cent up at 381.95.

For the quarter under consideration, revenue from operations stood at Rs 36.97 crore, a decline of 82 per cent, as against Rs 202.34 crore in the first quarter of the previous fiscal, V2 Retail said in a regulatory filing.

The retailer had reported a net profit of Rs 11.44 crore in the corresponding period a year ago.