Reliance Retail Ventures Ltd, the retail arm of Reliance Industries Ltd, has reported strong results for the first quarter of FY26 (April to June 2025). The company posted a consolidated net profit of ₹3,271 crore, marking a sharp 28.3% increase compared to the same period last year. Revenue from operations grew by 11.3% year-on-year to ₹73,720 crore.
The company also reported an EBITDA (earnings before interest, taxes, depreciation, and amortization) of ₹6,381 crore, up 12.7% YoY. EBITDA margin improved by 20 basis points to 8.7%, reflecting enhanced operational efficiency.
Massive Store Expansion and Growth in Online Orders
During the quarter, Reliance Retail added 388 new stores, bringing the total store count across India to 19,592. Its digital commerce arm, JioMart, saw a significant 175% year-on-year surge in daily orders, thanks to increased focus on hyperlocal deliveries and customer experience.
Isha M. Ambani, Executive Director of Reliance Retail, said, “Reliance Retail delivered strong growth in revenue and profits, powered by improved efficiencies, innovative formats, sharper product mix, and continued investments in technology and customer experience.”
Performance Across Segments
Reliance Retail operates in multiple categories, including grocery, fashion & lifestyle, consumer electronics, and online commerce. All key segments showed strong performance:
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Grocery and Fashion: Continued to lead in the market with high demand and robust store performance.
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Consumer Electronics: Overall growth was reported, although sales of air conditioners were slightly affected due to early monsoon.
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Lifestyle and Fashion: The segment saw good growth in both revenue and EBITDA, supported by new store formats and successful in-house brands.
Key Highlights of Q1 FY26
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Acquisition of Kelvinator India: Reliance Retail officially acquired the home appliances brand Kelvinator for India from Swedish firm Electrolux AB. The company had been handling its manufacturing and distribution since 2019.
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AJIO’s Quick Delivery Service – Rush: AJIO launched ‘Rush’, a 4-hour express delivery service, currently live in six major cities. The new feature aims to enhance customer satisfaction and compete with other quick fashion platforms like Myntra. It is already showing better unit economics through higher average bill value and fewer returns.
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Shein’s India Growth: Fast-fashion brand Shein, relaunched in India via Reliance Retail, continues to perform strongly, crossing over 2 million app downloads in the first quarter.
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Premium Fashion & Luxe Segment: AJIO Luxe added several new global fashion brands during the quarter, expanding its portfolio to 875 brands, maintaining leadership in the premium fashion space.