Are you imagining to partner with India’s leading retail conglomerate, Reliance Retail? Or, you may have been scrolling through numerous pages on the internet to get the complete information on the Reliance Trends Franchise, but couldn’t find any perfect answer for it.
While we were on hunt to find the suitable answer on the given topic, we were stunned to find some of the truly misleading articles, providing guidelines to grab a franchise opportunity with the Reliance Retail.
In this article, we’ll try to burst the myth around the franchise concept for the Reliance Trends, and provide you with on-fact data and growth analysis of the retail brand.
Table of Contents
What’s the Reliance Trends Franchise?
Trends is a retail arm of Reliance Retail’s fashion and lifestyles operations. The chain commands a premium and leadership position in the sector and has extended itself to launch several concepts and varieties of clothing and fashionable stuffs, catering to a wide range of customers such as Men, Women, Kids, and more.
As of mid 2023, the Reliance Retail operates more than 2300 stores across the 1100 cities across India. At their stores, you’ll be amazed to find trendy, stylish and high-quality products for every category.
The chain takes pride in delivering quality products at affordable prices. The stores are particularly spread over 8,000 to 24,000 square feet, providing you with an exceptional customer experience and a wide range of apparel and fashion wear.
The franchise offers several brands at its outlets, including Rio, Fig, Avaasa, Fusion, Hushh, KG Frendz, Network, DNMX, Performax, Graviti, and Point Cove. They have a categorized product lineup for every section, whether it’s formal, trendy, or crafted garments, ensuring there’s something for everyone.
The Indian retail sector is currently valued at US $800 billion in 2023, and is expected to grow at a staggering compounded annual growth rate(CAGR) of 11% to become a US$ 2 Trillion market by 2023.
Source: Reliance’s Annual Report 2023
Key facts about the Reliance Trends
| Sr No. | Type | Public |
|---|---|---|
| 1 | Trade Name | Reliance Trends Traded as: Reliance Industries |
| 2 | Industry | Fashion and Apparel chain |
| 3 | Founders | Parent Company – Reliance |
| 4 | Headquarters | Mumbai, India |
| 5 | Number of locations | Nearly 2,300 |
| 6 | Area served | Across 1,100+ cities |
| 7 | Franchise model | Company owned |
| 8 | Product offering | Vibrant range of trendy and latest cloths and fashion products |
| 9 | Revenue or Sales | ₹260,364 crore (2023) (Of a whole entity) |
| 10 | Website | https://www.trends.ajio.com/ |
Does Reliance Trends have franchise?
Before we move to other section, we believe answering this question should be our top priority. To sum up, Reliance Trends doesn’t sell its franchises. The chain has been operating and expanding their market presence in the country though the company-owned model.
In fact, Reliance has refrained from adopting the franchising concept. Whether it’s Jio Mart or Reliance Smart Point, every outlet of Reliance is owned and operated by the company itself.
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How much does Reliance invests in opening a Reliance Trends franchise?
You must have searching for Reliance Trends franchise cost, but the fact is they don’t offer any franchises, which basically put a brake on all the estimation and expectation to become one of their approved partner.
According to its official website, the Trends stores occupies a decent floor space of nearly 8,000 square feet or more. But in few location, we found that, they also have stores of 4,000 or more.
As per our estimation and its peer comparison such as Zudio, the initial investment cost for opening a Reliance Trends outlet can range between ₹2 Crore to ₹3 Crore. However, it majorly depends on the operating city, and locality.
For stores in the tier 1 cities like Bengaluru, Hyderabad, Mumbai, Delhi, and more, you may need to invest more than ₹3 Crore.
Are Reliance Trends franchise Truly profitable?
Answering anything related to the profitability demands several other analysis such as operation cost, customer’s footfall, average selling/purchase price, and overall customer experience at the outlet.
If said precisely, the Trends is a major revenue contributor for the Reliance Retail’s garment segment. They overall operates more than 4,000(around 2,600 stores are contributed by Trends) apparel and fashion stores, including Trends, Centro, Azorte, and Fashion factory.
The company’s executive has also confirmed that the company will focus on expanding newer formats in upcoming years. While newer formats were mentioned to grow on a 50% annually, the Reliance Trends outlets are expected to grow at the 10-15%.
According to its Q3FY24 Financial presentation, the gross revenue for the Reliance Retails segment were at ₹83,063 crore, showcasing a Y-o-Y growth of 23%. Also, we saw the healthy PAT Y-o-Y growth of 32% for the same period. The numbers are exceptional and company is poised to break all their records in near future.
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What’s the current and future growth prospects for the Reliance Trends Franchise?
The franchise has been growing exceptionally well since its establishment. From 559 stores in 2019 to over 2,600 stores in December, 2023, Reliance Trends has grown five-folds in terms of store count in just 4 years.
It’s worth noting that during the same period, amidst the challenges of the COVID-19 pandemic and the Russia-Ukraine conflict, many businesses were forced to shut down. Despite these adversities, Reliance continued to grow at a rapid pace.
Along with these, Reliance Retail is also revamping several of their Trends fashion stores. Some of its truly exceptional features includes, self checkout counters, electronic shelf labels, dual-sided cash tills, and a section to showcase city’s unique identity by the local artists.
Probably, we’ll see more techy side of Reliance Retail and it will continue to grab a significant share of youth consumers in India.
How should you contact for Reliance Retail franchise?
Obviously, they don’t sell franchises. But in case you are planning to get in touch with the company’s officials, then you may need to follow the mentioned route:
- Visit the official website of Reliance Retail and navigate to the bottom of the page.
- you will find the contact details for the chain. Also, you can submit your query thorough the provided email address.
- Customer care number: 1800 891 0001 / 1800 102 7382
- Email Address: customerservice@ril.com
Other than this, you shouldn’t believe any third party sources, claiming to offer you franchise of Reliance Trends. Also, you should be aware of the exact matching domains.
Wrapping Up
The Reliance Retail is a gigantic retail arm of the Reliance Industries. The overall business of the Trends is growing and the company is expected to grow their store count by 10-15% annually.
For franchise aspirants, we would like to inform you that Reliance Trends doesn’t offer any franchise. All of their 2,600 outlets are owned and governed by the company itself.
Whether it’s gross revenue, EBITDA margins, or Profit After Tax (PAT), everything is showcasing a decent growth rate. There’s no denying the fact that Reliance Trends could be an impressive franchise opportunity, but the chances of becoming their partners in the near term seem quite remote.
You may consider checking these categories:
Tea & Café Franchise, Ice Cream Franchise, Food & Beverages, Delivery, Dealership/Distributorship,
Affordable Franchises, International Franchises, Business Ideas, and Apparel Franchise
FAQ
How much average space is required to open a Reliance Trends stores?
The minimum space required to open up a Reliance Trends outlet could be nearly 6,000 – 8,000 square feet. The retails space should have plenty of space for parking and should be easily accessible.
Is Reliance Trends a franchise?
Unfortunately, they aren’t. The franchises owns and operates nearly all of their 2,600 outlets in the country and plans to open more of such stores in the near future.
