Reliance Retail Reports Record Revenue, Profit Growth Stalls at 0.5% in Q1

Reliance Retail Reports Steady Growth in Q4FY26

Mumbai/Bengaluru: Reliance Retail, the retail arm of Reliance Industries Ltd, reported a net profit of ₹3,563 crore for the March quarter (Q4FY26), marking a 0.5% year-on-year growth. Revenue rose 10.8% year-on-year to ₹98,232 crore, reaching its highest-ever quarterly revenue.

Reliance Retail operates across grocery, consumer electronics, fashion and lifestyle, and online commerce. The company's deep omnichannel presence and strong understanding of the Indian consumer will continue to underpin sustained growth, according to Mukesh D. Ambani, chairman and managing director, Reliance Industries.

Q4FY26 Financial Performance

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Reliance Retail added 333 new stores during the quarter, taking its total footprint to 20,160 stores, with operational area rising to 78.3 million sq. ft. Jiomart saw faster customer acquisition, adding 5.8 million new users, expanding its registered customer base by 98% year-on-year. Hyperlocal commerce average daily orders rose 29% quarter-on-quarter and over 300% year-on-year.

The jewellery business reported 53% year-on-year growth in average bill value, driven by rising gold prices. Ajio Luxe recorded 24% year-on-year growth in the March quarter, while Ajio Rush expanded its four-hour delivery service to more than 600 cities.

Business Highlights

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• Jiomart added 5.8 million new users, expanding its registered customer base by 98% year-on-year.
• Hyperlocal commerce average daily orders rose 29% quarter-on-quarter and over 300% year-on-year.
• The jewellery business reported 53% year-on-year growth in average bill value.
• Ajio Luxe recorded 24% year-on-year growth in the March quarter.
• Ajio Rush expanded its four-hour delivery service to more than 600 cities.

Reliance Consumer Products Ltd (RCPL) reported revenue of ₹7,350 crore in the March quarter of FY26, about two times higher than a year earlier, taking full-year revenue to ₹22,000 crore. The company's soft drinks brand Campa recorded gross sales of ₹4,700 crore in FY26, making it the country's fourth-largest carbonated beverage brand.

RCPL Business Highlights

RCPL's daily essentials brand Independence posted revenue of ₹2,600 crore in FY26, up 1.6 times from the previous year, supported by acquisitions of southern brands such as Manna and Udhayam. The company has expanded its manufacturing footprint to nearly 12 plants across India and is investing in integrated food parks to improve efficiency.