The revenue from operations rose to Rs 73,720 crore in the recently concluded quarter, marking a year-on-year (YoY) growth of 11.3 per cent
Marking a healthy growth in its performance, Reliance Retail Ventures or RRVL has clocked a 28.3 per cent year-on-year (YoY) basis in its net profit in the first quarter of the current financial year (Q1FY26). The net profit rose to Rs 3,271 crore in Q1FY26 from Rs 2,549 crore in Q1FY25.
The financial results of the company revealed that the revenue from operations rose to Rs 73,720 crore in the recently concluded quarter from Rs 66,260 crore in Q1FY25, marking a YoY growth of 11.3 per cent. The earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 12.7 per cent YoY to reach Rs 6,381 crore in Q1FY26.
“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,” highlighted Isha M Ambani, Executive Director, Reliance Retail Ventures.
All segments performed well, with market-leading performance in grocery and fashion. Consumer electronics and devices were impacted because of the early onset of monsoons, and recovery is underway, the company said in an exchange filing. 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 square feet.
JioMart continues to expand quick hyperlocal deliveries, registering 68 per cent quarter-on-quarter (QoQ) growth and 175 per cent YoY growth of daily orders. Consumer electronics business achieved steady growth, driven by an average bill value growth (up 26 per cent) and conversions. However, Air Conditioner (AC) sales were impacted due to the early onset of the monsoon.
The company informed that in the fashion and lifestyle, growth has picked with multiple initiatives undertaken in the last four quarters, with Reliance Trends bringing in-trend designs and improving store experience. Ajio continued to demonstrate improvements in key customer metrics, with new customers’ revenue share reaching 18 per cent, increasing by 150 basis points (bps) YoY, and average bill value increasing by 17 per cent YoY.
“Shein continued to receive strong traction and crossed two million app downloads and over 20,000 live options. Ajio Luxe continued to grow and launched several new brands, taking its portfolio to 875 brands, and expanded its catalogue by 17 per cent YoY,” the company highlighted.
