JioMart, the e-commerce platform of Reliance Retail, reported a threefold increase in its seller base in the December quarter results posted on Friday.
Expanding beyond its primary focus on groceries, JioMart is actively striving to increase the presence of non-grocery categories on its platform.
Dinesh Taluja, CFO and corporate development, Reliance Retail in the earnings call on Friday said, “We are also focusing on increasing the share of non-grocery categories.”
He mentioned that JioMart has experienced notable success in categories like fashion, lifestyle, and electronics. Although these categories make a relatively modest contribution to the overall Gross Merchandise Value (GMV), their performance has been exceptional, and consumer adoption of these categories on the platform is steadily rising.
Furthermore, Taluja highlighted that JioMart observed a significant increase in order values for groceries, describing it as a ‘substantial and positive uptick.’
In its ongoing efforts to expand its catalog, the e-commerce platform announced an 84% year-over-year increase in its option count during the September to December quarter.
For the third quarter, Reliance Retail reported a record-high revenue of INR 83,063 crore, reflecting a significant 22.8% year-over-year increase. The net profit for the quarter stood at INR 3,165 crore for the retail giant.
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