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Reliance Retail Expands Stores, Sees Mixed Q1 Results Amid Monsoon Impact
7 Aug
Summary
- Reliance Retail's Q1 net profit down 7.7% from previous quarter
- Revenue fell 5% due to weak consumer electronics segment
- Opened 388 new stores, now at 19,592 stores across 77.6 million sq ft
- JioMart sees 68% growth in daily orders, Shein returns to India
As of August 7th, 2025, Reliance Retail Ventures Ltd. has reported a mixed performance in its first-quarter results. The retail arm of Reliance Industries Ltd. saw its net profit decline by 7.7% to Rs 3,271 crore from the previous quarter, while revenue fell 5% to Rs 84,172 crore.
The company's earnings before interest, tax, depreciation, and amortization (EBITDA) also declined by 5% to Rs 6,381 crore, missing analysts' estimates. However, the EBITDA margin remained flat at 7.58%.
The revenue decline was primarily driven by weak performance in the consumer electronics and devices segment, especially in the air-conditioner category, due to the early onset of monsoons. Reliance Retail expects a recovery in the upcoming quarters.
Despite the challenges, the company has continued its expansion, opening 388 new stores during the quarter. This takes the total store count to 19,592, with a total retail area of 77.6 million square feet.
Reliance Retail's partnership with Dunzo for rapid delivery and the growth of its JioMart platform, which saw a 68% increase in daily orders, have provided some positive news. The company has also welcomed the return of the Shein brand to the Indian market, though it is still in the early stages.
Additionally, Reliance Retail is in the process of demerging its fast-moving consumer goods (FMCG) business into a new entity called New Reliance Consumer Products Ltd., which is expected to be completed this year.
