Reliance Industries has reported net debt of ₹1.17 trillion as of December 31, according to the company's latest financial disclosure. This significant debt figure reflects the company's capital structure as it continues to operate across multiple business segments.

Financial Position Overview

The reported net debt position provides stakeholders with insight into the company's current financial obligations. Net debt represents the total debt minus cash and cash equivalents, offering a clearer picture of the company's actual debt burden.

Business Context

Reliance Industries operates across diverse sectors including refining, petrochemicals, oil and gas exploration, and digital services. The company's substantial operations require significant capital investments, which are typically funded through a combination of debt and equity financing.

The net debt figure represents the company's financial position at a specific point in time and reflects its ongoing capital requirements across various business verticals. This disclosure forms part of the company's regular financial reporting to stakeholders and regulatory authorities.

Market Implications

The reported debt level provides investors and analysts with important data for evaluating the company's financial health and capital allocation strategies. Such financial disclosures are essential for maintaining transparency with stakeholders and ensuring compliance with regulatory requirements.

Reliance Retail delivered steady performance in the third quarter with profit after tax rising 2.70% year-on-year to ₹3,551 crore, while revenue from operations increased 9.20% to ₹86,951 crore. The retail giant expanded its physical presence with 431 new store openings during the quarter, taking the total store count to 19,979 with area under operation at 78.10 million square feet.

Financial Performance Overview

The company's financial metrics reflected consistent growth momentum across key parameters, though EBITDA margins faced some pressure during the quarter.

The registered customer base expanded to 378 million, reinforcing Reliance Retail's position as one of the most preferred retailers in the country.

Grocery Business Maintains Growth Trajectory

The grocery segment delivered consistent performance supported by festive demand across key categories. Dairy, Frozen & Bakery products recorded robust 23% growth, while Staples expanded by 19% and Packaged Foods grew by 15% on a year-on-year basis.

Festive momentum was sustained through focused gifting strategies in food categories, with high-traction segments showing strong double-digit growth.

JioMart Achieves Milestone Growth

JioMart crossed exit daily orders of 1.60 million, recording exceptional growth of 53% quarter-on-quarter and over 360% year-on-year in average daily orders. The platform established itself as the fastest-growing player in hyper-local commerce with accelerated customer acquisition of 5.90 million new customers during the quarter. The total customer base expanded by 43% year-on-year, demonstrating strong market penetration.

Fashion and Consumer Electronics Show Resilience

The Fashion and Lifestyle business maintained steady performance despite festive demand being spread across quarters. Ajio delivered consistent growth with average basket value increasing 21% year-on-year, while Shein booking revenue continued scaling with app installs exceeding 6.50 million. The Jewels business recorded strong performance with a 73% year-on-year increase in average bill value driven by festive and wedding-related demand.

The resQ service arm expanded its network to 1,611 locations, representing 9.40% year-on-year growth in service coverage.

Management Outlook

Executive Director Isha Ambani highlighted the company's steady quarterly performance in serving millions of customers across diverse shopping needs. "By prioritising trend-focused assortments and seamless omni-channel experiences, we continue to foster strong customer engagement and loyalty. As we navigate a shifting consumer landscape, we remain steadfast in our vision to redefine Indian retail through innovation and excellence," she stated.