India’s Reliance Industries’ retail arm, Reliance Retail Ventures Limited (RRVL), posted a 2.7% increase in profit for the quarter ended 31 December 2025.
Profit after tax (PAT) increased to Rs 35.51bn ($390.6m) in Q3 FY26 from Rs 34.58bn in Q3 FY25.
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Including the share of associates and joint ventures, total profit reached Rs35.58bn, up 2.1% year-on-year (YoY).
RRVL executive director Isha Ambani said: “Reliance Retail delivered a steady quarterly performance, serving millions of customers across their shopping needs. By prioritising trend-focused assortments and seamless omni-channel experiences, we continue to foster strong customer engagement and loyalty.”
Consolidated revenue for the third quarter rose 8.1% YoY to Rs976.05bn.
Revenue from operations stood at Rs869.51bn, compared with Rs795.95bn in the same period last year, reflecting a 9.2% increase.
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By GlobalDataEBITDA from operations increased 2.1% to Rs67.70bn, while overall EBITDA rose 1.3% to Rs69.15bn. The EBITDA margin narrowed to 8%, down 60 basis points from 8.6% a year earlier.
For the nine months ended December FY26, the company posted gross revenue of Rs2,717.94bn, compared with Rs2,422.50bn in the corresponding period last year.
Nine-month EBITDA totalled Rs201.12bn, and PAT after associates stood at Rs102.64bn.
During the quarter, RRVL completed the demerger of its consumer products division.
Operationally, the retailer added 431 stores, taking the total network to 19,979 outlets, with the overall retail area reaching 78.1 million square feet.
Registered customers climbed 11.8% YoY to 378 million, while quarterly transactions jumped 47.6% to 524 million.
The retailer said that JioMart expanded its presence to more than 5,000 pin codes across over 1,000 cities through 3,000 stores and exited the quarter with 1.6 million daily orders.
Average daily orders rose 53% quarter-on-quarter and more than 360% YoY.
The company added that its merchant network increased 22% while the platform added 5.9 million customers, growing its base by 43% YoY.
According to the statement, festive-driven demand in the fashion and lifestyle segment continued across more than 1,300 cities.
Ajio’s average basket value rose 21% YoY and its catalogue expanded 27% to 2.8 million options.
The segment also entered an exclusive partnership with Fabletics and opened the first Hugo Blue store and a Steve Madden Accessories outlet in Delhi.
The Jewels business posted a 73% YoY rise in average bill value and delivered 21% like-for-like growth during Dhanteras.
Old gold exchange accounted for 29% of sales, up from 21% a year earlier.
Consumer Electronics recorded strong festive-driven demand, with laptop sales up 46%, mobiles 38%, televisions 25% and appliances 19% YoY.
