<p>Reliance Retail, retail arm of Mukesh Ambani-led Reliance Industries, plans to foray into unexplored markets and tap the potential of e-commerce channel this year.<br />"Continued expansion is the way ahead. <br /><br />The roadmap is clear -- it will be achieved by growing in existing markets and foraying into unexplored markets," Reliance Industries said about its retail business in its annual report.<br /><br />Elaborating on the company's plans for the vertical, it said: "The business is poised to launch multi-channel shopping in the coming year."<br /><br />With online retailing becoming popular in the country, Reliance Retail is also looking to tap the potential of this segment.<br /><br />"The potential of e-commerce combined with the network of physical store locations will offer tremendous choice and convenience at a great value to the consumer," the report said.<br /><br />Reliance Retail, which does not sell its products online currently, is looking at foraying in newer markets to accelerate growth.<br /><br />It has five main verticals -- value formats, fashion and lifestyle, digital, jewellery and brands.<br /><br />The company added that digital sector would be one of the growth verticals for the coming year.<br /><br />"Expansion of 'Digital Express Mini' format to newer geographies that represents potential for mobility devices would be a priority for the company," it said.<br /><br />Reliance's retail business grew by 34 per cent and reported annual revenue of Rs 14,496 in 2013-14 as against Rs 10,800 crore in the previous financial year. <br /><br />The company reported first time profit in 2013-14. It reported profit after tax of Rs 182 crore in the fiscal.<br /><br />Reliance Retail operates 1,691 stores across 146 cities.<br /></p>
<p>Reliance Retail, retail arm of Mukesh Ambani-led Reliance Industries, plans to foray into unexplored markets and tap the potential of e-commerce channel this year.<br />"Continued expansion is the way ahead. <br /><br />The roadmap is clear -- it will be achieved by growing in existing markets and foraying into unexplored markets," Reliance Industries said about its retail business in its annual report.<br /><br />Elaborating on the company's plans for the vertical, it said: "The business is poised to launch multi-channel shopping in the coming year."<br /><br />With online retailing becoming popular in the country, Reliance Retail is also looking to tap the potential of this segment.<br /><br />"The potential of e-commerce combined with the network of physical store locations will offer tremendous choice and convenience at a great value to the consumer," the report said.<br /><br />Reliance Retail, which does not sell its products online currently, is looking at foraying in newer markets to accelerate growth.<br /><br />It has five main verticals -- value formats, fashion and lifestyle, digital, jewellery and brands.<br /><br />The company added that digital sector would be one of the growth verticals for the coming year.<br /><br />"Expansion of 'Digital Express Mini' format to newer geographies that represents potential for mobility devices would be a priority for the company," it said.<br /><br />Reliance's retail business grew by 34 per cent and reported annual revenue of Rs 14,496 in 2013-14 as against Rs 10,800 crore in the previous financial year. <br /><br />The company reported first time profit in 2013-14. It reported profit after tax of Rs 182 crore in the fiscal.<br /><br />Reliance Retail operates 1,691 stores across 146 cities.<br /></p>