Reliance Retail Q3 Results: Profit Rises 3% to ₹3,551 Cr, Revenue Up 9%
Reliance Retail delivered steady Q3 performance with profit rising 2.70% to ₹3,551 crore and revenue growing 9.20% to ₹86,951 crore. The company expanded its network with 431 new stores, reaching 19,979 total outlets, while JioMart achieved milestone growth with 1.60 million daily orders and 360%+ YoY growth in average daily orders.
*this image is generated using AI for illustrative purposes only.
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.
| Financial Metrics: | Q3 Current | Previous Period | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹86,951 cr | - | +9.20% YoY |
| Profit After Tax: | ₹3,551 cr | - | +2.70% YoY |
| EBITDA: | ₹6,915 cr | - | +1.30% |
| EBITDA Margin: | 8.00% | 8.60% | -60 bps |
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.
| Grocery Category Performance: | Growth Rate (YoY) |
|---|---|
| Dairy, Frozen & Bakery: | +23% |
| Staples: | +19% |
| Packaged Foods: | +15% |
| Namkeen: | +40% |
| Chocolates: | +32% |
| Dry Fruits: | +13% |
| Sweets: | +10% |
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.
| Consumer Electronics Growth: | YoY Growth Rate |
|---|---|
| Laptops: | +46% |
| Mobiles: | +38% |
| TVs: | +25% |
| Appliances: | +19% |
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.
Historical Stock Returns for Reliance Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.06% | -3.08% | -6.33% | -1.74% | +17.69% | +63.81% |
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