• Turnover up 48% to INR49.1bn
  • "Strong" same-store sales growth 

Reliance Retail, the retail arm of industrial conglomerate Reliance Industries, has booked a 48% jump in first-half turnover, helped by strong same-store sales growth. 

Turnover increased to INR49.1bn (US$929.2m) during the six months ended 30 September. The company said it witnessed "strong" growth through new store launches and same-store sales growth of between 5% and 25%.

Reliance Retail said a "unique shopping experience, high quality and affordable products" helped the company during the quarter.

The retailer said it continued to make more luxury labels available to Indian consumers during the period by teaming up with footwear brands Dune and Stuart Weitzman. Reliance also said new stores opened under the Hamleys, Steve Madden and Timberland brands.