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Army canteens most profitable retail chain in India, ahead of Future & Reliance Retail

August 17, 2016 |by indiafood forum | Comments Off on Army canteens most profitable retail chain in India, ahead of Future & Reliance Retail | FOOD SERVICE | , , ,

Which is the most profitable retail chain in India? Answer: The defence canteen stores. Its earnings exceeded those of all other chains, including Future Retail and Reliance Retail. The Canteen Stores Department (CSD), which, incidentally, is a not-for-profit organisation, earned Rs 236 crore during FY14-15, according to a Right to Information query. Comparatively, Avenue Supermart, which runs D’Mart stores, made a profit of Rs 211crore that year, Future Retail made Rs 153 crore and Reliance Retail Rs 159 crore…READ MORE

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