The company says that government initiatives, including tax relief and supportive economic measures, are expected to boost disposable incomes and aid consumption
Highlighting that while near-term demand may remain sensitive to macro conditions, Reliance Retail has stated that medium-term prospects for organised retail remain positive. The company noted that India’s consumption environment remains structurally attractive, supported by favourable demographics, improving income levels and expanding digital infrastructure.
Government initiatives, including tax relief and supportive economic measures, are expected to boost disposable incomes and aid consumption, Reliance Industries said in its 2025-26 annual report.
“Reliance Retail expects to continue focusing on expansion, operational efficiency, and customer-centric innovation, while strengthening its integrated ecosystem across stores and digital platforms with prudent investments and disciplined risk management,” the annual report added.
The company noted that fast fashion is reshaping demand patterns, with shorter trend cycles and faster inventory turns driving apparel consumption. Social media and platform-led discovery are accelerating impulse purchases and increasing wardrobe turnover frequency.
The annual report mentioned that retail sector, estimated at USD 1.07 trillion in 2024, is projected to reach USD 1.93 trillion by 2030, growing at a compound annual growth rate (CAGR) of 10 per cent according to Deloitte-Ficci 2025 report. Growth is being led by the expansion of physical stores in underpenetrated regions and the continued rise of ecommerce.
During the financial year 2026-26, Reliance Retail recorded gross revenue of Rs 3,71,085 crore, reflecting a growth of 12.1 per cent over the previous year. Ebitda for the year stood at Rs 27,034 crore, translating into an Ebitda margin of 8.2 per cent, slight moderation due to growing contribution of hyper-local commerce
Emphasising that greater purchasing power is translating into higher purchase frequency and preference for healthier and better-for-you products, Reliance Consumer Products or RCPL is looking to outpace industry growth through accelerated organic expansion, supplemented by targeted strategic partnerships and acquisitions.
In the past year, RCPL has taken a majority stake in prominent staples and millet businesses (Udhaiyam, Manna), the annual report mentioned. RCPL has also widened its global footprint by acquiring international company Goodness Group and global brands like Brylcreem, Toni & Guy, Matey and Badedas.
