Reliance Retail Ventures Reports 11.3% Revenue Growth to ₹84,171 Crore in Q1 FY26

Reliance Retail Ventures Limited (RRVL), the retail arm of Reliance Industries, has posted impressive financial results for the first quarter of FY26. The company recorded double-digit growth in both revenue and profit, driven by robust performance across all segments including grocery, fashion, electronics, and e-commerce.

Strong Financial Performance in Q1 FY26

In the April to June quarter of FY26, Reliance Retail reported a consolidated net profit of ₹3,271 crore, reflecting a 28.3% year-on-year (YoY) increase compared to the same period last year.
The company’s consolidated gross revenue rose to ₹84,171 crore, marking an 11.3% increase from ₹75,691 crore in Q1 FY25.

Operational Revenue and EBITDA Growth

Reliance Retail’s revenue from operations climbed to ₹73,720 crore, up from ₹66,260 crore during the corresponding quarter last year. This represents an operational revenue growth of 11.3% YoY.
EBITDA (earnings before interest, tax, depreciation, and amortization) for the quarter stood at ₹6,381 crore, up 12.7% from ₹5,664 crore in Q1 FY25, indicating improved operational efficiency and cost management.

Grocery and Fashion Lead Segmental Growth

RRVL reported that all key segments showed strong performance during the quarter. Notably, the grocery and fashion categories witnessed exceptional growth, driven by expanding consumer demand and a wider product assortment.
The company continues to invest in omnichannel retail strategies, blending physical and digital platforms to optimize customer reach.

Physical Store Network Expansion

The retail giant expanded its physical store footprint by 3.6% year-on-year, reaching a total of 19,592 stores across India in Q1 FY26. This expansion underscores Reliance Retail's focus on widening accessibility and penetrating new markets.

JioMart Sees Significant Growth

Reliance Retail’s digital grocery platform, JioMart, registered a 68% quarter-on-quarter growth in Q1. Additionally, the platform witnessed a 175% YoY surge in daily orders, showcasing growing consumer adoption and enhanced supply chain capabilities.

Electronics Business Driven by Higher Bill Values

Reliance’s Consumer Electronics segment reported steady growth, supported by an increase in average bill value (up 26%) and improved conversion rates (+200 basis points YoY).
The company also announced the acquisition of Kelvinator, a U.S.-based home appliance brand, which is expected to further boost its electronics portfolio in India.

Ajio and Shein Fuel E-Commerce Push

Reliance’s fashion and lifestyle e-commerce platform, Ajio, saw notable progress in Q1 FY26. The platform’s catalog expanded to over 2.6 million products, representing a 44% YoY growth.
RRVL also launched ‘Ajio Rush’, a 4-hour express delivery service, now available in six cities.
Meanwhile, Shein, which re-entered the Indian market through a partnership with Reliance after being banned, crossed 2 million app downloads, reflecting strong consumer interest in global fashion offerings.

Leadership Statement

Commenting on the Q1 performance, Isha M. Ambani, Executive Director of Reliance Retail, said:

“Reliance Retail delivered a resilient performance this quarter, driven by our relentless focus on operational excellence, geographical expansion, and a sharper product portfolio. Continued investments in cutting-edge technologies and differentiated offerings have allowed us to better serve our customers and scale with agility.”

Conclusion

Reliance Retail’s Q1 FY26 results highlight its strong footing in India’s retail landscape, supported by innovation, expansion, and strategic acquisitions. With its omnichannel approach and diversified offerings, the company is well-positioned for continued growth across both online and offline platforms.