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Reliance Brands Faces Slowdown: Luxury Retailer's Sales Growth Slows to 5% in FY25
7 Aug
Summary
- Reliance Brands' sales growth decelerated to 5% in FY25
- Losses slightly reduced to ₹279 crore
- Weakening demand in discretionary spending segments
In the fiscal year 2025, Reliance Brands, India's leading luxury retailer, faced a slowdown in its sales growth. The company, which partners with over 85 global brands like Bottega Veneta and Tiffany & Co., reported a 5% increase in sales, reaching ₹2,616 crore. This deceleration in growth, down from 12% a year earlier, reflects the weakening demand across discretionary spending segments.
Despite the slowdown, Reliance Brands managed to slightly reduce its losses, which narrowed to ₹279 crore. The company, which started operations in 2007, has built a portfolio of over 50 international luxury and lifestyle labels, including Burberry, Coach, Diesel, and Versace.
As India's largest luxury retailer, Reliance Brands continues to focus on global expansion and enriching its brand partnerships. However, the current economic climate has posed challenges, leading to a slowdown in the premium and luxury retail businesses' growth.
