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Reliance Retail Ventures (RRVL) has unveiled an aggressive three-year growth strategy focused on scaling its digital commerce business, expanding its network of dark stores and strengthening its omni-channel ecosystem. Speaking during the company's earnings call, CFO Dinesh Taluja said the retailer will continue to evaluate market opportunities and channel investments into high-growth areas.
The company expects these investments to drive higher margins and earnings growth over the medium term. He added that Reliance Retail will continue investing in JioMart's infrastructure and enhancing its omni-channel presence across platforms, even as profitability remains under pressure due to increased spending on technology and dark-store expansion.
“We are looking at growing our online businesses pretty rapidly during this year. We will expand dark stores. We will grow our omni-channel platforms. We will grow JioMart,” Taluja said.
