Reliance Retail Q1FY26 results: Net profit up 33% on expansion spree

The firm's revenue from operations stood at ₹73,720 crore, up 11.3% year-on-year, while its gross revenue also rose by 11.3% to ₹84,171 crore

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Reliance Retail Ventures Limited (RRVL) on Friday reported a 33.2 per cent year-on-year (Y-o-Y) surge in net profit at ₹3,267 crore for the first quarter of 2025-26 (FY26).

 

Executive director Isha Ambani said, “Reliance Retail delivered resilient performance during this quarter driven by our relentless focus on operational excellence, geographical expansion and sharper product portfolio. Our continued investments in cutting-edge technologies and differentiated product offerings have enabled us to serve our customers better and scale with agility."

 

Reliance Retail’s earnings before interest, taxes, depreciation, and amortisation (Ebitda) from operations increased 10.9 per cent to ₹6,044 crore.

 

The firm’s revenue from operations came in at ₹73,720 crore, up 11.3 per cent Y-o-Y, while its gross revenue also rose 11.3 per cent to ₹84,171 crore.

 

Sequentially, revenue from operations was down 6.2 per cent and net profit fell 7.2 per cent.

 

 

Mukesh Ambani, chairman and managing director, Reliance Industries, said in a statement, “Retail’s business performance registered customer base expansion to 358 million, along with significant improvement across operating metrics.”

 

He added, “We are focusing on strengthening the portfolio of our own FMCG brands, which resonate with the tastes of Indian consumers. Our retail business continues to enhance its ability to fulfill everyday as well as specialised needs of all customer cohorts, through a multi-channel approach.”

 

During the quarter, it opened 388 new stores taking its total store count to 19,592 with a total area of 77.6 million square feet.

 

During the quarter ended June, its finance cost was up 7.6 per cent Y-o-Y at ₹592 crore.

 

The company’s registered customer base grew to 358 million, making Reliance Retail one of the most preferred retailers in the country, it said in its release.

 

It also added that JioMart continued to expand quick hyper local deliveries and registered a 68 per cent quarter-on-quarter (Q-o-Q) growth and 175 per cent Y-o-Y growth of daily orders.

 

Its consumer electronics business achieved steady growth, driven by average bill value growth (up 26 per cent), and conversions (up 200 bps) Y-o-Y.

 

However, air conditioner sales were hit due to the early onset of monsoon, it said.

 

 

Its fashion and lifestyle business witnessed growth in revenue and Ebitda, driven by new-store formats and strong own-brand performance.

 

“Growth has picked up with multiple initiatives undertaken in last 4 quarters, with Reliance Trends launching in-trend designs and improving store experience, and emerging formats of GAP, Azorte, and Yousta registering 59 per cent Y-o-Y growth, which now operate over 170 stores,” RRVL said in its release.

 

It added that Shein (its fast fashion brand) continued to receive strong traction and crossed 2 million app downloads and over 20,000 live options.

 

The grocery business continued to grow at scale, RRVL said and added that it further consolidated its market leadership position.

 

It witnessed broad-based growth across categories with home and personal care growing at 15 per cent Y-o-Y, fruits and vegetables at 15 per cent, and packaged foods growing at 13 per cent.

 

“Metro format has seen strong growth momentum during the quarter with key categories like home and personal care growing 25 per cent Y-o-Y, hot beverages, dry fruits & nuts each growing 20 per cent Y-o-Y. The business launched ‘Elite’ loyalty program across customer cohorts during the quarter,” it said.

 

Its quick hyper-local commerce saw strong pick up in daily orders with 68 per cent Q-o-Q growth and 175 per cent Y-o-Y surge.

 

Also, its operations scaled to 4,290 pin codes, serviced by over 2,200 stores in more than 1,000 cities.