Reliance Retail Q1 Results: PAT Climbs 28.3% YoY To Rs 3,271 Crore; Added 388 New Stores

Reliance Retail reported a whopping 28.3% jump in its consolidated net profit to Rs 3,271 crore during Q1FY26, compared to profit of Rs 2,549 crore in the same quarter last year. Revenue climbed by 11.3% year-on-year to Rs 73,720 crore.

Meanwhile, EBITDA soared by 12.7% YoY to Rs 6,381 crore, EBITDA margins expanded by 20 basis points to 8.7%.

The company's business delivered steady performance during the quarter with revenue of Rs 84,171 crore, up 11.3% Y-o-Y. All segments performed well, with market leading performance in grocery and fashion. Consumer electronics and devices impacted because of early onset of monsoons, recovery underway.

Isha M. Ambani, Executive Director, Reliance Retail Ventures Limited, said "Reliance Retail delivered resilient performance during this quarter driven by our relentless focus on operational excellence, geographical expansion and sharper product portfolio. Our continued investments in cutting-edge technologies and differentiated product offerings have enabled us to serve our customers better and scale with agility".

Key Highlights Of Reliance Retail's Q1FY26:

- The business expanded its store network with 388 new store openings taking the total store count to 19,592 with area under operation at 77.6 million sq. ft.

- The registered customer base grew to 358 million, making Reliance Retail one of the most preferred retailers in the country.

- JioMart continues to expand quick hyper local deliveries registering 68% Q-o-Q growth and 175% Y-o-Y growth of daily orders.

- Consumer Electronics business achieved steady growth, driven by an average bill value growth (up 26%), and conversions (+200 bps) Y-o-Y. AC sales were impacted due to early onset of monsoon.

- resQ continues to be the most popular and largest services network, with service center network reaching 1,621 locations, growing 31% Y-o-Y.

- JioMart Digital business delivered strong growth, led by expansion of its brand portfolio and merchant partner base.

- Business acquired Kelvinator brand IP for India which will strengthen own brands play across categories in consumer durables.

- JioMart, India's fastest scaling digital grocery platform, is redefining digital-first and fulfilment-led commerce.

- Quick hyper-local commerce saw strong pick up in daily orders with 68% Q-o-Q growth and 175% Y-o-Y growth. Operations were scaled to 4,290 pin codes serviced by 2,200+ stores in 1,000+ cities.

- Business focused efforts on frequency enhancing categories leading to 21% orders which now include F&V