Reliance Retail Q1 results: Quick-commerce spends drag PAT 14% YoY to Rs 2,806 crore; revenue rises 7%

Reliance Retail reported its June quarter revenue rose 7.4% to Rs 90,408 crore. However, profit after tax fell 14.2% to Rs 2,806 crore. The company said the drop happened because they spent many resources on the quick commerce business. These infrastructure investments also caused their EBITDA margin to fall to 7.9%.