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Reliance Retail Soars with 11.3% Revenue Growth in Q1 FY26
21 Jul
Summary
- Reliance Retail's net revenue grew 11.3% year-on-year in Q1 FY26
- EBITDA rose 12.7% year-on-year, with EBITDA margin increasing to 8.7%
- JioMart's hyperlocal delivery saw a 68% quarter-on-quarter and 175% year-on-year increase in daily orders
In the first quarter of fiscal year 2026, Reliance Retail, the retail division of Indian conglomerate Reliance Industries Limited, delivered a robust performance. The company's net revenue grew 11.3% year-on-year, reaching Rs737.2bn ($8.55bn), compared to Rs662.6bn in the same quarter of the previous fiscal year.
Reliance Retail's strong growth is attributed to its strategic expansion, omni-channel presence, enhanced customer reach, diversified product portfolio, and integrated supply chain. Isha Ambani, the executive director of Reliance Retail Ventures Limited, stated that the company's relentless focus on operational excellence, geographical expansion, and sharper product offerings have enabled it to serve customers better and scale with agility.
The retailer also reported a 12.7% year-on-year increase in earnings before interest, taxes, depreciation, and amortization (EBITDA), with the EBITDA margin rising by 20 basis points to 8.7%. Reliance Retail credits this improvement to strategic measures, enhanced operating efficiency, and stringent cost management, leading to robust margins.
The company's digital grocery platform, JioMart, has seen a significant uptick in its hyperlocal delivery services, with daily orders climbing 68% quarter-on-quarter and 175% year-on-year. Additionally, the fashion and lifestyle business experienced an increase in both revenue and EBITDA, driven by the launch of new store formats and the strong performance of its private labels.
