In this Blog we are going to Hereby The New Retail Business of Reliance Industries Yousta :
Reliance Industries :-
Reliance Industries Limited (RIL) is an Indian Multinational Conglomerate Company . It is headquartered in Mumbai, Maharashtra, India. Founded by Dhirubhai Ambani in 1960, The Company’s current chairman and largest share holder is Mukesh Ambani, Dhirubhai Ambani’s Son.
Reliance Industries Limited (RIL) has a diversified business portfolio, with operations in several sectors :
1. Petrochemical and Refining :- RIL is one of the largest players int he petrochemicals and refining sectors in India. It operates the world’s largest single-location of refining complex in Jamnagar, Gujrat.
2. Retail :- Reliance Retail Operates one of the largest retail chains in India, covering a wide range of products including groceries, electronics, fashion and more.
3. Digital Services :- Reliance Jio also provides digital services such as Broadband internet, Digital TV, and various Digital Platforms.
4. Energy :- RIL has been investing in renewable energy sources like solar and wind power as part of its commitment to sustainibility.
5. Financial Services :- The Company has ventured into financial services, including Insurance, Asset Management & Payments.
RIL has consistently been one of the largest and most valuable companies in India. It has played a significant role in shaping the Country’s economy and technological Landscape.
Yousta :-
Yousta is a fashion retail brand owned by Indian Conglomerate, Reliance Group under leadership of Mrs. Isha Ambani opened its 1st city store in Hyderabad on 24 August, 2023.
It is known for offering affordable and stylish Clothing, Footwear and accessories for men, women , and children, Yousta focuses on providing trendy and value for money fashion options, making popular among the budget conscious consumers. The brand aims to cater to a wide range of customers by offering a diverse collection of products under rupees 999.
How Yousta makes Profit ?
Yousta, like most retail brands, generates profit primarily through the sales of its products. The company sources its clothing, footwear, and accessories at a cost, and then sells these items to customers at a higher price, factoring int costs of production, distribution, marketing and overhead expenses. The difference between the cost of production and the selling price represents the gross profit.
Yousta’s focus on offering the affordable fashion attracts a wide range of customers, contributing to higher sales volumes. Additionally ,the Brand’s Ability to maintain competitive prices while keeping operational costs in check helps enhance in profitabilitty.
It’s worth nothing the retail businesses may also earn revenue through various means such as loyalty programs, collaborations, licensing deals, and online sales platforms, which can contribute to its overall profitability.
What Makes Yousta Unique?
Overall, Yousta’s business model is focused on providing affordable and trendy fashion products to young consumers in India. Because Indian Customers love affordable products. Yousta’s efficient supply chain and low cost marketing ( i.e all products under 999 rupees) strategies such as influencer marketing and word of mouth maintain profitability.