Mukesh Ambani-led retailer posts steady annual growth as hyperlocal commerce, grocery and fashion businesses drive expansion across India
Reliance Retail Ventures (RRVL), the retail arm of Reliance Industries, reported an 11.83 per cent rise in gross revenue to Rs 3.70 lakh crore for FY26, while profit after tax increased 11.73 per cent to Rs 13,842 crore, underlining steady momentum across its diversified retail operations.
The company also crossed the milestone of 20,000 stores during its 20th year of operations, with total store count reaching 20,160 after adding 1,564 outlets during FY26, including 333 stores in the March quarter. Its retail footprint now spans 78.3 million sq ft.
Reliance Industries Chairman and Managing Director Mukesh Ambani said the business delivered stable growth through the year, supported by its omnichannel presence and strong understanding of Indian consumers. He added that the company’s consumer products vertical is gaining traction with an expanding FMCG portfolio.
For the March quarter, Reliance Retail posted gross revenue of Rs 98,232 crore, up 10.84 per cent year-on-year, while profit after tax edged up 0.5 per cent to Rs 3,563 crore. EBITDA for the quarter stood at Rs 6,921 crore, an increase of 3.1 per cent.
The retailer’s registered customer base rose 10.9 per cent year-on-year to 387 million in FY26. Total transactions surged 38.8 per cent to 1.93 billion, led by rapid acceleration in hyperlocal commerce.
Reliance Retail continued to strengthen its quick-commerce and hyperlocal delivery play through JioMart, which now operates across more than 5,100 pin codes and over 1,200 cities through a network of 3,100-plus stores. The segment recorded a 29 per cent sequential rise in daily orders and threefold annual growth.
In grocery, the company crossed 1,000 Smart Bazaar stores, benefiting from festive demand and strong traction in staples, home and personal care, and processed foods.
Its fashion and lifestyle business also delivered broad-based growth, led by men’s fashion, while Ajio reported a 23 per cent increase in average bill value. Consumer electronics stores maintained revenue momentum during the year.
Reliance Retail Executive Director Isha M Ambani said the company’s focus for FY27 would be to deepen customer value through AI-enabled merchandising, sharper pricing strategies and disciplined execution.
With India’s consumption market continuing to expand, Reliance Retail remains well-positioned to capture long-term growth opportunities across categories.
