Reliance Retail Q2 profit falls 24% as digital push weighs

Reliance Retail Ventures reported a 24.3% fall in July–September consolidated profit to ₹2,611 crore from ₹3,451 crore, hit by digital-commerce spending, input-cost inflation and higher finance costs. Revenue from operations rose 5.8% to ₹80,220 crore. EBITDA before impairment fell 8.6% to ₹6,228 crore, while a ₹108-crore impairment linked to 7-Eleven further dented reported earnings.