Major marketplaces of the Indian e-commerce ecosystem ran their biggest festive sales starting from 25 September till Dussehra. New Delhi: D2C brands have outpaced marketplaces during the recent sale period, recording a 64% growth in orders from last year, compared to the 26% growth seen on marketplaces, a release by New Delhi-based e-commerce enabler brand GoKwik said on Tuesday. Major marketplaces of the Indian e-commerce ecosystem ran their biggest festive sales starting from 25 September all the way till Dussehra. Earlier, D2C brands used to witness a dip in ordeis time, but the wheel has shifted since last year. Footwear, a commonly offline dominant category, emerged as a leader in driving growth and saw a massive 273% increase in orders, followed by fashion & beauty, which saw an 84% and 73% increase in orders respectively. Jewellery too, which is predominantly preferred to be bought online saw a 38% increase in orders. This cements the growing shopper trust in D2C that
Profit after tax was marginally up 1.28 per cent at Rs 2,836 crore for the second quarter of the 2024-25 financial year New Delhi: Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, reported a 3.53 per cent decline in operating revenue to Rs 66,502 crore for the quarter ended in September 2024, impacted by a weak demand and streamlining of operations. Profit after tax was marginally up 1.28 per cent at Rs 2,836 crore for the second quarter of the 2024-25 financial year. The company had reported a revenue of Rs 68,937 crore and and profit after tax of Rs 2,800 crore for the July-September quarter a year ago, according to the regulatory filing of Reliance Industries Ltd (RIL). “Growth impacted by weak Fashion and Lifestyle (F&L) demand, continued focus on streamlining of operations and calibrated approach to B2B business to improve margins,” according to an earning statement from Reliance Industries. Reliance Retail’s gross