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Reliance Industries Ltd’s retail business has reported a 19 per cent growth in revenues to ₹4,686 crore in the third quarter, despite challenging macroeconomic environment. The business recorded like-for-like growth of up to 19 per cent across format sectors in the quarter aided by festival shopping and saw Reliance Retail post its highest-ever Profit Before Depreciation Interest and Tax in a quarter of ₹227 crore, an increase of 114 per cent on a year-on-year basis.
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