Reliance Retail Ventures Ltd. (RRVL), the retail division of Mukesh Ambani’s Reliance Industries, has reported a solid financial performance for the December quarter, marking an 8.75% increase in gross revenue, which reached ₹90,333 crore. Profit after tax (PAT) rose by 10%, totaling ₹3,458 crore, a boost driven by strong festive demand.
In the same quarter of the previous year, the company posted gross revenue of ₹83,063 crore and PAT of ₹3,145 crore, according to a regulatory filing from Reliance Industries Ltd. The company’s operating revenue for the quarter was ₹79,595 crore, up 7% from ₹74,373 crore last year.
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Digital and new-age commerce channels now contribute to 18% of the company’s total revenue, reflecting Reliance Retail’s focus on expanding its digital presence and adapting to evolving consumer behaviors.
The company also saw its pre-tax profit (EBITDA) rise 9.45%, reaching ₹6,828 crore for the quarter. This growth was fueled by productivity improvements and increased customer engagement, particularly during the festive period, through fresh product launches and promotional activities.
In terms of expansion, Reliance Retail opened 779 new stores, bringing its total to 19,102 across 77.4 million square feet of operational space.
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Mukesh Ambani, Chairman and Managing Director of Reliance Industries, commented on the results, noting, “The retail business performed exceptionally well, benefiting from a resurgence in consumption during the festive season. Our deep understanding of customer preferences and needs allows us to offer the right products at the right time through the right channels, continually enhancing the shopping experience. With customer-centric innovation as a core focus, Reliance Retail is constantly expanding its reach and product offerings to meet diverse consumer demands.”
