India’s Reliance Retail posted higher revenue and profit for the financial year 2026 (FY26), supported by wider hyper-local commerce operations and continued expansion of its store network.
The company reported gross revenue of Rs3.70tn ($39.29bn) for the year ended 31 March 2026, an increase of 11.8% from a year earlier.
Revenue from operations rose to Rs3.27tn, compared with Rs2.90tn in FY25.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the year climbed 7.9% year-on-year (YoY) to Rs270.33bn while EBITDA margin stood at 8.3%.
Profit after tax increased 11.7% to Rs138.42bn.
Reliance Retail said margin investments during the year were linked to the build-out of hyper-local commerce infrastructure.
For the fourth quarter, gross revenue came in at Rs982.32bn, up 10.8% YoY. Quarterly EBITDA rose 3.1% to Rs69.21bn.
Profit after tax for the quarter was largely unchanged at Rs35.63bn, compared with Rs35.45bn in the same period last year.
During FY26, the retailer opened 1,564 new outlets, taking its total store count to 20,160. In the final quarter alone, it added 333 stores.
Its registered customer base stood at 387 million at the end of FY26, up 10.9% from 349 million a year earlier.
The company said hyper-local commerce was the main growth contributor during the period.
Average daily orders in the fourth quarter rose by more than 300% YoY and by 29% from the previous quarter.
Reliance Retail also widened its non-grocery quick commerce reach to 682 electronics stores and more than 1,700 fashion and lifestyle stores, with two-hour delivery available.
JioMart, the group’s online grocery and marketplace business, operated in over 1,200 cities through a network of more than 3,100 stores.
The platform added 5.8 million customers in the fourth quarter while its registered user base grew 98% YoY. Its seller base increased 22% over the same period.
In grocery, the business crossed 1,000 Smart Bazaar stores during the year.
The company said growth was seen across staples, home and personal care, and processed food.
Within fashion and lifestyle, Ajio reported a 23% YoY rise in average bill value.
In consumer electronics, the "Digital India Sale" delivered a 30% YoY sales growth.
Reliance Retail executive director Isha M Ambani said: “As we enter FY27, our focus is on converting this unmatched reach into deeper customer value - through AI-embedded merchandising, sharper pricing architecture, and disciplined execution.
"The balance sheet is strong, and our leadership across categories is widening. We are building Reliance Retail for a decade of sustainable, profitable growth.”
