Reliance Retail

Reliance Retail appoints Jeyandran Venugopal as President and CEO

Reliance Retail Ventures Ltd, the holding entity of the country's leading retailer Reliance Retail, has appointed former Flipkart executive Jeyandran Venugopal as its President & CEO. In his new role, Venugopal will work closely with Isha Ambani, Executive Director of RRVL and the Leadership Team of Reliance Retail, under the overall guidance of Mukesh Ambani and Manoj Modi. Venugopal, who has 25 years of global leadership experience across retail, e-commerce, technology, and business transformation, will strengthen the retail portfolio, accelerate omnichannel growth, and drive technical and operational excellence across the value chain at Reliance Retail. Earlier, Venugopal worked with Walmart's e-Commerce platform Flipkart, where he most recently served as Chief Product and Technology Officer (CPTO), leading large cross-functional teams across Product, Engineering, Design, Data Science, IT, Security, and Infrastructure. Venugopal, whose career reflects managing ...

Reliance Retail completes restructuring, FMCG business moved to new unit

Reliance Retail, the country's leading retailer, has completed the internal restructuring process, in which its consumer business has been transferred on a going-concern basis to a new entity -- New Reliance Consumer Products Ltd (New RCPL). New RCPL has now become a direct subsidiary of Reliance Industries Ltd (RIL), in which the billionaire Mukesh Ambani-led group will hold an 83.56 per cent stake, according to a late-night regulatory filing on Monday. As per the scheme of arrangement among Reliance Retail Ltd (RRL) and Reliance Retail Ventures Ltd (RRVL) and their shareholders and creditors, and Reliance Consumer Products Ltd (RCPL), it has transferred the FMCG brands business from RRL to a new entity named New Reliance Consumer Products Ltd (New RCPL). The "scheme has become effective from December 01, 2025, and in terms of the Scheme, RCPL, a subsidiary of the company, stands dissolved effective December 01, 2025," it said. "Further, in terms of the Scheme, as a consideration

Reliance Consumer Products debuts Waggies in India's pet-care space

Reliance Consumer Products has forayed into the pet-care market with Waggies, an affordable nutrition-focused brand that includes trial packs aimed at attracting first-time consumers

Reliance Retail to bring German cosmetic brand 'essence' to India

Reliance Retail on Monday announced to bring 'essence', Europe's leading cosmetics brand by units sold, to the Indian market, a move which will help the growing beauty business of country's leading retailer. It has entered into an exclusive distribution partnership with cosnova Beauty, the Germany-based global cosmetics company, said a statement from Reliance Retail. "The collaboration strengthens RRL's growing beauty portfolio and will introduce essence's vibrant range of high-quality, affordable, and cruelty-free makeup products to consumers across India," it said. It will available on the Reliance Retail's integrated omnichannel ecosystem, making the essence range of products accessible across online platforms, beauty stores, and partner retail formats. "As the official distributor, RRL will expand the brand's reach across premier beauty destinations throughout India," it said. Founded in Germany in 2002, essence is sold in around 90 countries. Its over 80 per cent products are

Reliance Brands signs franchise deal to bring Italian brand Max&Co to India

The first Max&Co. store will open in Mumbai in early 2026, followed by a national rollout across key Indian cities under a franchise deal with Max Mara Fashion Group

Brokerages say 'Buy' Reliance Industries after Q2 show; check target here

RIL reported a consolidated net profit of ₹18,165 crore in Q2FY26, up 9.7 per cent year-on-year (Y-o-Y) but down 32.7 per cent quarter-on-quarter (Q-o-Q) from ₹26,994 crore in Q1FY26.

NCLT clears Reliance Retail's takeover plan for Future Supply Chain

NCLT Mumbai approves Reliance Retail's resolution plan for Future Supply Chain, ensuring creditors' recovery and revival of the logistics firm on a going-concern basis

Reliance Retail activates 600 dark stores to boost hyper-local delivery

Reliance Retail has operationalised over 600 dark stores pan-India and plans to add more to enhance its coverage of less than 30-minute deliveries across its extensive network. Addressing an analyst query after quarterly results, Reliance Retail CFO Dinesh Taluja said JioMart is better placed with an extensive physical store network and dark stores being set up in select locations. Reliance Retail has already operationalised 600-odd dark stores and is also investing in more to amplify its play in quick hyper-local deliveries, in which JioMart registered a 42 per cent Q-o-Q growth and 200 per cent-plus Y-o-Y growth in average daily orders. "JioMart continued to operate as the fastest-growing quick hyper-local commerce platform, with operations extending across 5,000 pin codes and serviced by over 3,000 stores in more than 1,000 cities," said an earnings statement of the parent entity, Reliance Industries. Its e-commerce platform JioMart, which is competing with quick commerce player

Reliance Retail Q2FY26 results: Net profit rises 17% to ₹3,439 crore

Revenue from operations stood at Rs 79,128 crore, up 19%

Reliance Retail Q2 results: Profit jumps 22% to ₹3,457 cr, revenue up 18%

Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, reported an 18 per cent increase in its gross revenue to Rs 90,018 crore, while its profit after tax went up 21.9 per cent to Rs 3,457 crore in the September quarter of FY26, led by festive buying and increase in operational efficiencies of stores. The company had reported a gross income of Rs 76,302 crore and profit after tax of Rs 2,836 crore in the July-September quarter a year ago, according to a regulatory filing of Reliance Industries Ltd (RIL). Reliance Retail's revenue from operation in the latest September quarter was up 19 per cent to Rs 79,128 crore. It was at Rs 66,502 crore a year ago. In the reporting quarter, Reliance Retail pre-tax profit (EBITDA) was at Rs 6,816 crore, which was up 16.5 per cent Y-o-Y. "Grocery and fashion & lifestyle businesses grew 23 per cent and 22 per cent Y-o-Y, respectively, led by festive buying. Consumer electronics delivered 18 per ...

Reliance Retail worth $143 billion, Jio valued at $135 billion: JP Morgan

JP Morgan said Reliance's consumer arms Retail and Jio will drive nearly all of group EBITDA growth over the next three years, as oil-to-chemicals declines in value share

Shein's first permanent stores in France spark backlash: What it means

The opening of permanent stores represents a major milestone for the company, which until now has relied primarily on temporary pop-up shops worldwide as a marketing strategy

NCLAT sets aside plea against Reliance Retail capital share reduction

In a relief to the Reliance Industries arm Reliance Retail, appellate tribunal NCLAT has set aside a petition against the leading retailer, which in 2023 reduced the equity share capital of the company, saying non-promoters were offered a "fair value" of their shares. Reliance Retail had in 2023 decided to reduce and cancel 78,65,423 equity shares of the company, held by the minority shareholders, other than the promoters/holding company. Observing that non-promoter shareholders were offered a "fair value" of their shares during the exercise and an overwhelming majority voted in favour of the resolution, the appellate tribunal upheld the earlier order passed by the National Company Law Tribunal (NCLT) and said it found "no reason to upset a reasoned order passed" by it. The NCLAT, while referring to previous judgements, said "selective reduction is permissible if objecting shareholders are paid a fair value of their shares". On July 4, 2023, the board of Reliance Retail Ltd (RRL),

Reliance to invest ₹1,156 crore in Thoothukudi FMCG manufacturing unit

Reliance Consumer Products will set up its first FMCG unit in Tamil Nadu with ₹1,156 crore investment in Thoothukudi, joining Godrej, Dabur and PepsiCo in the state

Consumer protection: Seller equally liable for any defective product

The District Commission pointed out that under consumer law, the seller is equally accountable for ensuring that the buyer receives a defect-free product

GST reforms a big boost for consumption-led growth, says Mukesh Ambani

Reliance Retail plans to pass on the benefits of lower tax rates to customers across all its consumption baskets, said Executive Director Isha Ambani

Anant Ambani's AGM debut signals generational shift at Reliance Industries

Ambani scion details expansion in petrochemicals, bioenergy and green hydrogen in first appearance as RIL ED

Reliance Retail confident of 20% revenue CAGR over 3 years: Isha Ambani

Isha Ambani says Reliance Retail will expand offline, online, and B2B channels, adding 2,000-3,000 stores annually

Reliance AGM highlights: 2026 Jio IPO, AI push with Google, Meta, and more

RIL AGM: Jio Chairman Akash Ambani added that the company has crossed 500 million customers, making it one of the largest telecom operators globally

Need to move from store-based to unified entity licensing: Reliance Retail

With modern organised retail growing at a fast pace, there is a need for regulatory reforms in the sector, moving from store-based licensing to entity-based unified licensing, Reliance Retail President Ravi Gandhi said on Wednesday. There is also a need for moving towards post-license inspections from pre-license inspections in order to speed up store openings, he said, while speaking at the 'MASSMERIZE 2025' event organised by industry chamber Ficci. "Today, all the laws (related to the retail sector) in the country are designed for individual stores. All licenses are individual store-based," he said. With a lot of organised retailers coming up, instead of store-based licenses, a shift to a unified entity-based license will enhance ease of doing business, Gandhi added. He also noted that there is a need to re-examine the inspection requirements. There are numerous documentation and inspection requirements when applying for a license, he noted. Stating that the pre-inspection tak