124
/ 1
Min Read
Reliance Retail Ventures Ltd (RRVL), the retail arm of Reliance Industries, reported a 33.2% year-on-year increase in net profit to ₹3,267 crore for Q1 FY26, driven by aggressive store expansion and strong consumer demand. Revenue from operations rose 11.3% Y-o-Y to ₹73,720 crore, while gross revenue reached ₹84,171 crore and operating EBITDA grew 10.9% to ₹6,044 crore.
However, sequentially, revenue declined 6.2% and net profit dipped 7.2%. Executive Director Isha Ambani credited the growth to operational excellence, geographical expansion, and sharper product offerings, supported by continued investment in technology and innovation.
Chairman Mukesh Ambani noted that the customer base expanded to 358 million and emphasized the focus on building a robust FMCG portfolio and multi-channel retail strategy. During the quarter, Reliance Retail opened 388 stores, bringing its total to 19,592 across 77.6 million square feet, with operations spanning 1,000+ cities and 4,290 pin codes. Segment-wise, the grocery business-maintained leadership with 13–15% growth across key categories, while the Metro format saw even stronger gains.
The consumer electronics segment reported a 26% rise in average bill value, though air conditioner sales were hit by early monsoon rains. The fashion and lifestyle business continued to perform well, led by in-house brands and new store formats like GAP, Azorte, and Yousta, which saw 59% Y-o-Y growth.
Fast-fashion brand Shein also gained traction with over 2 million app downloads and 20,000+ live product listings. Meanwhile, JioMart’s quick commerce operations registered a 68% quarter-on-quarter and 175% Y-o-Y surge in daily orders. Finance costs increased 7.6% Y-o-Y to ₹592 crore. With its expanding store network, growing digital reach, and focus on private-label products, Reliance Retail is well-positioned to capitalize on evolving consumption trends across urban and rural India.
