Reliance Retail, the retail arm of industrial conglomerate Reliance Industries, has reported strong first-quarter sales growth despite the challenging macroeconomic environment.

Turnover jumped 53% to INR34.74bn (US$581.6m) during the first quarter from INR22.69bn last year. Same store sales growth ranged from 10% to 22% across its different formats and sectors.

The company, which operates more than 1,500 stores in India, said profit before depreciation, interest, and taxes (PBDIT) reached INR700m.

Within the fashion sector, Reliance Retail has focused on developing design capabilities and collaborating with international designers to offer trend-forward designs.

Reliance Industries chairman and managing director Mukesh D Ambani said: "Retail business continues to make remarkable progress and registered a 53% growth in revenues during the first quarter."