Reliance Retail Ventures Q3 FY26: Revenue ₹97,605 Crore, Up 8.1% YoY; 431 New Stores Added

Reliance Retail Ventures Limited announced robust Q3 FY26 results with consolidated gross revenue reaching ₹97,605 crore, marking an 8.1% year-on-year increase. EBITDA stood at ₹6,915 crore, up 1.3% YoY, while transactions crossed a milestone of 500 million, reflecting strong customer engagement. The company expanded its footprint by opening 431 new stores, bringing the total to 19,979 outlets.

Key Financial Highlights

Profit after tax rose to ₹3,558 crore, a 2.1% YoY gain, driven by revenue from operations at ₹86,951 crore, up 9.2% YoY. EBITDA from operations grew 2.1% to ₹6,770 crore, though the margin dipped slightly to 8.0% from 8.6% last year. For the nine months FY26, revenue from operations hit ₹239,799 crore, with PAT at ₹10,264 crore, showcasing sustained momentum.

Depreciation increased 4.6% to ₹1,576 crore, while finance costs declined 13.2% to ₹578 crore, aiding profitability. Tax expenses edged up 1.1% to ₹1,210 crore. Compared to Q2 FY26, gross revenue jumped 8.4% from ₹90,018 crore, underlining sequential growth.

Operational Expansion Surge

Store count reached 19,979, up 4.6% YoY, with operated area expanding to 78.1 million sq. ft. Registered customer base grew 11.8% to 378 million, and transactions soared 47.6% to 524 million. Nine-month transaction volume hit 1,393 million, solidifying Reliance Retail's position as India's preferred retailer.

The demerger of the consumer products division was completed during the quarter, streamlining operations. Investment income fell 26% to ₹145 crore, but core operational metrics remained resilient.

Grocery Business Strength

Grocery delivered consistent performance fueled by festive demand. Dairy, Frozen & Bakery grew 23% YoY, Staples 19%, and Packaged Foods 15%. High-traction festive categories shone with Namkeen up 40%, Chocolates 32%, Sweets 10%, and Dry Fruits 13%. Metro wholesale sustained steady growth through higher footfalls and the successful Utsav campaign.

JioMart Hyperlocal Dominance

JioMart operates across 5,000+ pin codes in 1,000+ cities, supported by 3,000+ stores. It achieved exit daily orders of 1.6 million, with 53% QoQ and over 360% YoY growth in average daily orders. Customer base expanded 43% YoY with 5.9 million new additions, and transaction frequency nearly doubled competitors. Merchant network grew 22% YoY, with dark stores reducing delivery distances.

Fashion & Lifestyle Momentum

The omni-channel network spans 1,300+ cities. Festive demand drove steady performance despite seasonal shifts. Lingerie expanded into premium thermals and winter wear, while Ethnic Coord, Greatest Fits, and Party Wear boosted the portfolio. Ajio saw 21% YoY basket value growth, catalogue reaching 2.8 million SKUs up 27% YoY. Ajio Rush covers 420 pin codes, with next-day delivery in top 26 cities. Shein bookings scaled with 6.5 million app installs and 50,000+ products. Premium brands launched Fabletics partnership, Hugo Blue, and Steve Madden stores. Jewels hit 73% YoY bill value growth, with 21% LFL Dhanteras sales and old gold exchange at 29%.

Consumer Electronics Boom

Digital stores thrived on year-end campaigns and GST price resets. Laptops grew 46% YoY, Mobiles 38%, TVs 25%, and Appliances 19%. The Festival of Electronics campaign delivered 32% YoY growth and record Dhanteras sales. ResQ service network expanded 9.4% to 1,611 locations. JioMart Digital achieved peak quarterly sales in mobiles and TVs.

Isha M. Ambani, Executive Director, stated: "Reliance Retail delivered a steady quarterly performance, serving millions of customers across their shopping needs. By prioritizing trend-focused assortments and seamless omni-channel experiences, we continue to foster strong customer engagement and loyalty. As we navigate a shifting consumer landscape, we remain steadfast in our vision to redefine Indian retail through innovation and excellence."

Reliance Retail's Q3 FY26 underscores its market leadership through network expansion, digital integration, and category dominance, positioning it for continued growth in FY26.

Shares of Reliance Industries Limited was last trading in BSE at Rs. 1457.60 as compared to the previous close of Rs. 1458.45. The total number of shares traded during the day was 354962 in over 14265 trades.

The stock hit an intraday high of Rs. 1479.65 and intraday low of 1455.50. The net turnover during the day was Rs. 519512858.00.