Reliance Retail Reports Q1 Profit Surge of 28.3% Year-Over-Year

Reliance Retail Ventures Ltd (RRVL), the retail division of Reliance Industries, has reported a significant profit increase of 28.3% year-on-year, reaching Rs 3,271 crore for the quarter ending June 30, 2025. This growth is attributed to strong performances across various segments and an ongoing expansion of its network. The company also noted an 11.3% rise in gross revenue, totaling Rs 84,171 crore, compared to Rs 75,615 crore during the same period last year.

Strong Performance Across Segments

RRVL’s financial results reflect robust growth across all segments, particularly in grocery and fashion. The company reported that revenue from operations surged to Rs 73,720 crore, up from Rs 66,260 crore. Despite challenges in the consumer electronics sector due to the early onset of monsoons, the company is optimistic about recovery. Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries, emphasized the company’s commitment to enhancing its portfolio of fast-moving consumer goods (FMCG) brands that cater to Indian consumers’ preferences. He noted that the retail business is focused on meeting the diverse needs of its customer base through a multi-channel approach.

During the quarter, RRVL added 388 new stores, bringing its total to 19,592, with an operational footprint of 77.6 million square feet. The customer base has expanded significantly, now reaching 358 million. This growth underscores the company’s strategy of enhancing its operational metrics and expanding its reach across the country.

Expansion of JioMart and New Store Formats

JioMart, Reliance’s digital platform, has seen remarkable growth, with a 68% sequential increase and a staggering 175% year-on-year rise in daily orders. The platform now operates in 4,290 pin codes, supported by over 2,200 stores across more than 1,000 cities. This expansion is part of Reliance’s broader strategy to strengthen its omnichannel presence and improve customer accessibility.

The fashion and lifestyle vertical of Reliance Retail also reported impressive revenue and EBITDA growth, driven by the success of its own brands and innovative store formats. Emerging formats such as GAP, Azorte, and Yousta have seen a 59% year-on-year growth, with over 170 stores now in operation. Additionally, AJIO, the online fashion platform, expanded its product catalog by 44% year-on-year, offering over 2.6 million options and introducing several new brands during this period.

Growth in Grocery and Consumer Electronics

In the grocery segment, Reliance has solidified its leadership position, with the Metro format experiencing robust growth. Key categories, including home and personal care, saw increases of 25%, while hot beverages, dry fruits, and nuts each rose by 20% year-on-year. The company has also expanded its subscription services to 26 cities, achieving a 45% rise in orders compared to the previous year.

The consumer electronics division demonstrated steady growth, with a 26% increase in average bill value. However, sales of air conditioning units were affected by the early arrival of monsoon rains. The JioMart Digital business also thrived, benefiting from merchant expansion and a diversified brand portfolio. The recent acquisition of the Kelvinator intellectual property for India is expected to bolster Reliance’s position in the consumer durables market.

Jewelry Business and Future Outlook

Despite fluctuations in gold prices, the jewelry segment maintained a steady performance, with a 47% increase in average bill value year-on-year. Isha M. Ambani, Executive Director of RRVL, highlighted the company’s resilient performance during the quarter, attributing it to a strong focus on operational excellence, geographical expansion, and a refined product portfolio. She emphasized that ongoing investments in advanced technologies and unique product offerings have enabled Reliance to better serve its customers and adapt swiftly to market changes.

As RRVL continues to expand its footprint and enhance its offerings, the company remains committed to meeting the evolving needs of its diverse customer base across India.

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