RIL Q1: Reliance Retail clocks 28% growth in net profit; JioMart sees 175% rise in daily orders

Reliance Industries retail arm's revenue from operations grew 11% year-on-year (YoY) to ₹73,720 crore in Q1 FY26 as against ₹66,260 crore in the corresponding quarter of FY25.

Its earnings before interest, tax, depreciation, and amortisation (EBITDA) also advanced 12.7% to ₹6,381 crore during the reporting quarter in contrast to ₹5,664 crore.

In the quarter under review, margin stood at 8.7% as against 8.5% year-on-year (YoY), marking a 20 basis point increase.

The retail segment of Reliance Industries (RIL) includes consumer retail and a range of related services.

The company recorded gross revenue of ₹84,171 crore for Q1 FY26, a growth of 11% over last year.

“Reliance Retail delivered resilient performance during this quarter driven by our relentless focus on operational excellence, geographical expansion, and a 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,” said Isha M. Ambani, Executive Director, Reliance Retail Ventures.

During the reporting quarter, Reliance Retail expanded its store network with 388 new store openings, taking the total store count to 19,592.

The company further said that JioMart continues to expand quick hyperlocal deliveries, registering 68% quarter-on-quarter (QoQ) growth and 175% YoY growth of daily orders.

Further, the JioMart Digital business delivered strong growth, led by expansion of its brand portfolio and merchant partner base in the reporting quarter.

The jewellery business delivered steady performance amidst volatile gold prices, Reliance Retail said. Its average bill value is up 47% YoY. The grocery continues to grow at scale, further consolidating its market leadership position, it added.

Reliance Retail’s consumer electronics business achieved steady growth, driven by an average bill value growth (up 26%) and conversions (+200 bps) YoY. However, AC sales were impacted due to the early onset of monsoon.

The company has acquired Kelvinator brand IP for India, which will strengthen its own brand's play across categories in consumer durables.

The Isha Ambani-led firm’s fashion and lifestyle segment witnessed a growth in revenue and EBITDA driven by new store formats and strong own-brand performance.

“Growth has picked up with multiple initiatives undertaken in the last 4 quarters, with Reliance Trends launching in-trend designs and improving store experience, and emerging formats of GAP, Azorte, and Yousta registering 59% YoY growth, which now operate over 170 stores,” Reliance Retail said in a statement.

In Q1, the arm continued to focus on expanding non-apparel categories like footwear, beauty and personal care, and accessories to offer wider choices to customers.

Reliance Retail said that Shein continued to receive strong traction and crossed 2 million app downloads and over 20,000 live options, while AJIO Luxe launched several new brands, taking its portfolio to 875 brands.

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, said, “We are focusing on strengthening the portfolio of our own FMCG brands, which resonate with the tastes of Indian consumers. Our retail business continues to enhance its ability to fulfil everyday as well as specialised needs of all customer cohorts through a multi-channel approach.”