Reliance Retail Q2 net profit rises 17% to ₹3,439 crore
Strong festive demand and expansion drive revenue growth; over 400 new stores added in Q2FY26
Mumbai, Oct 19 : Reliance Retail Ventures Limited (RRVL) on Sunday reported a 17.2% year-on-year (YoY) rise in net profit to ₹3,439 crore for the second quarter (July–September) of FY26, driven by strong festive demand, store expansion, and steady performance across key consumption categories.
The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) grew 16.7% to ₹6,624 crore, while revenue from operations climbed 19% YoY to ₹79,128 crore. Gross revenue stood at ₹90,018 crore, up 18% from the year-ago period. Sequentially, operational revenue rose 7.3%, and net profit increased 5.3%.
Management commentary
RRVL Executive Director Isha Ambani said the quarter’s robust performance reflected the company’s focus on operational excellence, digital investments, and festive consumption.
“Reliance Retail delivered strong performance during the quarter, led by our relentless focus on operational excellence, investments in stores and digital platforms, and festive buying across consumption baskets,” Ambani said.
“GST rate changes will further accelerate consumption growth as consumers get the benefit of lower prices,” she added.
Reliance Industries Chairman and Managing Director Mukesh Ambani highlighted the sustained growth momentum across all retail formats.
“All formats registered higher volumes, propelling strong growth in both revenue and EBITDA,” he said. “The recently announced progressive reforms in the GST regime will further boost consumption-led growth.”
Expansion and customer growth
During the quarter, Reliance Retail opened 412 new stores, bringing its total store count to 19,821, covering 77.8 million sq. ft. of retail space. The company’s registered customer base rose to 369 million, reinforcing its position as one of India’s largest and most trusted retail brands.
The company’s finance cost increased 4.7% YoY to ₹596 crore in Q2FY26.
Segment performance
The grocery and fashion & lifestyle segments led the growth, expanding 23% and 22% YoY, respectively, fuelled by festive shopping and strong brand engagement. The consumer electronics segment grew 18% YoY, aided by GST rate reductions and new product launches.
Within grocery, packaged food grew 20%, staples rose 18%, and home & personal care (HPC) increased 13%, while fruits and vegetables (F&V) volumes surged 62% YoY.
Premium retail formats such as Freshpik delivered 35% like for like growth, underscoring the rising demand for experiential and premium shopping.
Meanwhile, Metro, Reliance Retail’s wholesale arm, continued its strong growth trajectory, with commodities up 20% YoY and home, hair, and air care categories rising 15% YoY.
