Latest news with #Taluja
India.com
17 hours ago
- Business
- India.com
Meet man, who works closely with Mukesh Ambani, Isha Ambani in..., his name is...
Mukesh Ambani and Isha Ambani (File) Dinesh Taluja is currently the Chief Financial Officer (CFO) and Head of Corporate Development at Reliance Retail. He joined the company in May 2022. His educational journey is quite impressive, he studied Civil Engineering at IIT Delhi and later earned his MBA from IIM Ahmedabad, two of the most respected institutes in India. Before joining Reliance, Taluja gained valuable experience at several well-known companies. He worked at Credit Suisse, Peepul Capital, and Standard Chartered Bank. His career began in 2001 at Sapient Corporation, where he started out as an associate. Based in Mumbai, Dinesh Taluja expertise includes financial planning, program management, legal knowledge, and even working with power plants. Today, he plays a key role in managing the finances of Reliance Retail, one of India's largest and fastest-growing companies. FMCG business to become a separate company Taluja revealed that Reliance is in the process of separating its fast-growing FMCG (Fast-Moving Consumer Goods) business from Reliance Retail. This means the FMCG part will become a new company under Reliance Industries, allowing it to focus more on growing independently. Reliance retail's strong Q1 performance According to an official company filing on July 20, 2025, Reliance Retail performed well in the first quarter of the financial year: Revenue increased by 11 per cent compared to the same period last year. Profit after tax rose by 28.3 per cent, reaching Rs. 3,271 crore, showing strong growth across different parts of the business. About Reliance Retail Reliance Retail is part of Reliance Retail Ventures Limited (RRVL), which manages all of Reliance Industries' retail businesses. Since it started in 2006, Reliance Retail has grown to become India's largest retail company, offering great value to its customers, partners, and investors.
New Indian Express
2 days ago
- Business
- New Indian Express
Campa Cola corners 14% market share in key cities, claims Reliance Retail
NEW DELHI: Campa Cola, the soft drink brand owned by Mukesh Ambani's Reliance Consumer Products Ltd (RCPL), a subsidiary of Reliance Retail Ventures Ltd, is reportedly gaining market share from established competing brands such as Coca-Cola and PepsiCo in India. "Campa has now 14% market share in key markets," said Dinesh Taluja, chief financial officer of Reliance Retail, without naming these markets. 'We did a high decibel campaign during IPL for Campa, which has a very high recall. And we now have double digit market share in key markets. We are also pretty quickly expanding our supply chain and building robust manufacturing capabilities across the length and breadth of the country,' Taluja said during a recent analysts call. The New Indian Express could not independently verify the said market share of Campa Cola in the local soft drinks space. While these numbers are small in comparison to Coca-Cola's 60% market share and PepsiCo's 30% market share in the carbonated drinks market in India, Taluja believes 'these numbers are building up very fast.' The company says it is using 'world-class' manufacturing and R&D facilities with a lot of automation and backward integration, which would give it superiority on product as well as the lowest cost and help it win in the market. Campa is currently available in five flavours/ranges – Campa Cola, orange, lemon, Campa Powerup, and Campa Cricket (an energy drink). This soft drink brand was acquired by Reliance in August 2022 for Rs 22 crore. It was relaunched in March 2024. Reliance Retail's FMCG business raked in Rs 4,400 crore revenue in the first quarter (FY26), registering over 100% growth year-on-year. As the company announced earlier, RCPL will be soon demerged from Reliance Retail and will be made a direct subsidiary of Reliance Industries. The company says the proposed demerger, which will be completed in the current financial year, will help RCPL build a focused organisation and house all consumer brands portfolio, said CFO Taluja in the analysts call.
Time of India
18-05-2025
- Business
- Time of India
Retail Sees Dark Stores in Good Light
Chains such as Reliance Retail, More and Spencer's have started to open standalone dark stores to match the speed of their online competitors, company executives said. They had initially resisted the quick commerce model. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Chains such as Reliance Retail , More and Spencer's have started to open standalone dark stores to match the speed of their online competitors, company executives said. They had initially resisted the quick commerce commerce platforms such as Blinkit, Swiggy Instamart, Zepto and BigBasket have eaten into the share of kiranas and retail chains in the top eight to 10 cities, as consumers seek instant gratification of what was their monthly grocery stores are mini warehouses that typically serve a 2-3 km radius, allowing faster deliveries of online Taluja, chief financial officer at Reliance Retail, recently told analysts that while the retailer wants to deliver online orders in less than 30 minutes, it has started to set up dark stores in 'some dark pockets' where there's enough volume and which cannot be serviced from its store network in this timeline. He said the country's largest retailer is at present using its 2,000-odd stores to deliver within a 3-km radius, covering 4,000 pin Nambiar, managing director of More Retail, said the company has just set up 45 dark stores, with 100 more in the pipeline. It has set up some of these in New Amazon-Samara Capital owned retail chain has exited its brick-and-mortar operations in the Capital. It is exploring Mumbai too, where it has no operations said a dark store is viable in high-demand micro markets —with high population density and many high-rises —provided the rent is manageable. 'There are standalone dark stores in cities where we have no operations, while in cities where we have stores —such as Kolkata, Hyderabad, Bengaluru and Cochin — we will convert a hybrid store (which does both store and online business) into a dark store as the market matures into online,' said is the largest preferred seller in Amazon's food and grocery business,The Amazon-Samara Capital-owned retail chain has exited its brick-and-mortar operations in Delhi. It is eyeing Mumbai too, where it has no operations said a dark store is viable in high-demand micro markets—with high population density and many high-rises—provided the rent is manageable. 'There are standalone dark stores in cities where we have no operations, while in cities where we have stores—such as Kolkata, Hyderabad, Bengaluru and Cochin—we will convert a hybrid store (which does both store and online business) into a dark store as the market matures into online,' said is the largest preferred seller in Amazon's food and grocery business, Amazon Fresh, in FMCG market researcher, in its report for January-March, said there was a shift towards ecommerce in metros, with high shopping engagement impacting share of modern trade and figures show the growth of ecommerce was largely volume-driven — up 40% compared to a 2.2% fall in traditional trade growth rate and 7.7% decline in modern trade. The researcher said this was supported by increasing online shopper penetration, more purchase occasions and increasing basket sizes, or more units purchased per Retail chief executive Anuj Singh told analysts on Friday that though dark stores are not a focus area, it has piloted one in Kolkata, where it felt the store reach was not sufficient for a 30-minute delivery. He said the company's quick commerce service currently processes 1.7 lakh bills per month, which it wants to take up to three lakh per month in this fiscal, with expansion into markets such as Lucknow and Varanasi.
Economic Times
18-05-2025
- Business
- Economic Times
Online & instant: Reliance Retail, More and Spencer's begin seeing dark stores in good light
ETtech Representative image. Chains such as Reliance Retail, More and Spencer's have started to open standalone dark stores to match the speed of their online competitors, company executives said. They had initially resisted the quick commerce commerce platforms such as Blinkit, Swiggy Instamart, Zepto and BigBasket have eaten into the share of kiranas and retail chains in the top eight to 10 cities, as consumers seek instant gratification of what was their monthly grocery stores are mini warehouses that typically serve a 2-3 km radius, allowing faster deliveries of online Taluja, chief financial officer at Reliance Retail, recently told analysts that while the retailer wants to deliver online orders in less than 30 minutes, it has started to set up dark stores in 'some dark pockets' where there's enough volume and which cannot be serviced from its store network in this timeline. He said the country's largest retailer is at present using its 2,000-odd stores to deliver within a 3-km radius, covering 4,000 pin codes. Vinod Nambiar, managing director of More Retail, said the company has just set up 45 dark stores, with 100 more in the pipeline. It has set up some of these in New Delhi. The Amazon-Samara Capital-owned retail chain has exited its brick-and-mortar operations in Delhi. It is eyeing Mumbai too, where it has no operations currently. Nambiar said a dark store is viable in high-demand micro markets—with high population density and many high-rises—provided the rent is manageable. 'There are standalone dark stores in cities where we have no operations, while in cities where we have stores—such as Kolkata, Hyderabad, Bengaluru and Cochin—we will convert a hybrid store (which does both store and online business) into a dark store as the market matures into online,' said is the largest preferred seller in Amazon's food and grocery business, Amazon Fresh, in India. NielsenIQ, FMCG market researcher, in its report for January-March, said there was a shift towards ecommerce in metros, with high shopping engagement impacting share of modern trade and kiranas. NielsenIQ figures show the growth of ecommerce was largely volume-driven — up 40% compared to a 2.2% fall in traditional trade growth rate and 7.7% decline in modern trade. The researcher said this was supported by increasing online shopper penetration, more purchase occasions and increasing basket sizes, or more units purchased per shopper. Spencer's Retail chief executive Anuj Singh told analysts on Friday that though dark stores are not a focus area, it has piloted one in Kolkata, where it felt the store reach was not sufficient for a 30-minute delivery. He said the company's quick commerce service currently processes 1.7 lakh bills per month, which it wants to take up to three lakh per month in this fiscal, with expansion into markets such as Lucknow and Varanasi.
India.com
05-05-2025
- Business
- India.com
Mukesh Ambani, Isha Ambani to spin off this division from Reliance Retail, it will become separate…
Reliance Consumer Products is the fast-moving consumer goods (FMCG) arm of Reliance Retail which has achieved growth in a short span of time. The company is now considering spinning it off into a separate entity, according to The Hindu Business Line report. It was launched in 2022 when Reliance Consumer Products was a big player in the FMCG sector. In its FY25 Q4 results, the company reported revenues of Rs 11,500 crore more than its other competitors. Over 60% of these revenues were generated by general trade and major contributions were from its in-house brands. Considering the possibility of rapid growth and strong performance, Reliance Group may spin off the business, according to media reports. Reliance Retail Q4 Results In the March quarter, Reliance Retail saw over 2.4 times growth in terms of the number of orders, which is a significant scale-up, said its CFO Dinesh Taluja during the earnings call earlier this week. 'And we are seeing very strong traction with a 2.4x quarter-over-quarter growth in daily exit orders. And this number will scale up substantially in the coming year as well. We are also starting to proactively market this proposition, our proposition of no hidden charges, quick delivery, and no delivery fees continues to resonate very well with the customers,' said Taluja. Reliance covers hyper-local deliveries, a sub-30-minute delivery, at 4,000 pin codes across the country through its network of existing stores, which has a much wider reach than any other quick commerce player in the country. Through its JioMart app, Reliance Retail is offering quick and scheduled deliveries, which currently has three types of services. There is an under-30-minute quick service, and second is a scheduled delivery, where the assortment is much wider, and then there is a subscription service, where a customer can subscribe and everyday goods are delivered at doorsteps early morning. 'All three are picking up very well. The average daily orders were up 62 per cent on a Y-o-Y basis,' he said, adding, 'Specifically, our under 30-minute offering, which has the widest network reach. We have almost 2,000-plus stores which are on the network, covering more than 4,000 plus pin codes. So this is much wider reach than any other quick commerce player. We have kind of re-pivoted our model completely to under 30 minutes delivery. 'There are some dark pockets where we will set up dark stores also, wherever there is a genuine requirement, there is enough volume and we cannot service it within 30 minutes, we may set up some dark stores as well. So that is on the quick commerce side of it. 'Our stores, purely on a standalone basis, are seeing double-digit like for like growth for last several quarters. So stores are also growing pretty rapidly. We are not seeing that impact either in metro or in any other city,' he said. Similarly, for its online fashion business Ajio, Reliance Retail has launched same-day and next-day delivery across 26 cities. 'So, we are increasing the speed at which we are able to deliver the products,' he said. (With Inputs From PTI)
