Reliance Retail crosses 20,000 stores, reports 12 pc revenue growth in FY26
Reliance Retail Ventures Ltd, the retail arm of Reliance Industries, reported a 11.83% rise in gross revenue to Rs 3.70 lakh crore in FY26, while expanding its store count beyond 20,000. Profit after tax rose 11.73% to Rs 13,842 crore, supported by strong growth in hyperlocal commerce, FMCG, fashion, and grocery segments. J
New Delhi: Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, reported 11.83 per cent growth in gross revenue to Rs 3.70 lakh crore in FY26, and crossed the mark of 20,000 stores in its 20th year of operations.
Reliance Retail’s Profit After Tax (PAT) for FY 2025-26 was also up 11.73 per cent to Rs 13,842 crore.
This was “led by broad-based growth across consumption baskets and rapid scale-up of hyper-local commerce,” said an earnings statement from parent entity Reliance Industries Ltd (RIL).
For the March quarter, it reported a marginal increase of 0.5 per cent in profit after tax to Rs 3,563 crore in the March quarter, while its gross revenue for the period was up 10.84 per cent to Rs 98,232 crore.
“Reliance Retail delivered steady growth through the year. I am confident that Reliance Retail’s deep omnichannel presence and its strong understanding of the Indian consumer will continue to underpin sustained growth,” RIL Chairman and Managing Director Mukesh Ambani said.
Reliance Retail tax expenses in the January-March period of FY26 were at Rs 1,252 crore, up 15.5 per cent, as against Rs 1,084 crore of the corresponding quarter.
In the March quarter, Reliance Retail’s revenue from operations was at Rs 87,344 crore, up 10.84 per cent from Rs 78,622 crore in the year-ago period.
For the quarter, Reliance Retail’s pre-tax profit (reported EBITDA) was at Rs 6,921 crore, which was up 3.1 per cent year-on-year.
The country’s largest retailer continued to focus on expansion of new store openings, adding 333 new stores in the March quarter and 1,564 stores in FY26, taking the total store count to 20,160 with a total area of 78.3 million sq. ft.
“The consumer products vertical, now operating within an independent and focused organisational structure, is gaining meaningful traction with an expanding portfolio of FMCG brands. India’s consumption story has many years of growth ahead of it, and our businesses are built to be at the centre of this opportunity,” Ambani said.
Reliance Retail’s registered customer base stood at 387 million, a growth of 10.9 per cent Y-o-Y, in FY26, becoming one of the most preferred retailers in the country.
Moreover, in FY26, “total transactions recorded were at 1.93 billion, up 38.8 per cent Y-o-Y,” which was led by rapid acceleration in hyper-local commerce, it added.
During the quarter, Reliance Retail continued to amplify its play into the fast-growing hyperlocal delivery/quick-commerce, where it recorded a 29 per cent growth sequentially in daily orders and threefold on a year-on-year basis, establishing India’s widest hyper-local delivery network.
Its hyperlocal commerce arm JioMart “continues to expand its reach across 5,100+ pin codes and 1,200+ cities, serviced by a network of over 3,100+ stores”.
In the grocery segment, its ” big box stores” are driven by festive demand and the continued expansion crossed the milestone of 1,000 Smart Bazaar stores.
The segment witnessed a “broad-based growth that was sustained across categories, led primarily by strong traction in Staples, HPC, and Processed Food”, it said.
Similarly, its Fashion and Lifestyle business delivered steady performance and broad-based growth across categories, “led by strong customer demand and outperformance in men’s fashion”.
Its fashion and lifestyle e-commerce platform Ajio delivered a 23 per cent year-on-year increase in average bill value.
In the Consumer Electronics segment, its stores maintained revenue momentum.
Over the outlook, its Executive Director, Isha M Ambani, said: “As we enter FY27, our focus is on converting this unmatched reach into deeper customer value – through AI-embedded merchandising, sharper pricing architecture, and disciplined execution. The balance sheet is strong, and our leadership across categories is widening”.
