Reliance Retail Ventures reported steady growth in the fourth quarter of FY26, with strong momentum in hyper-local commerce and continued expansion of its store network, even as margins remained under pressure due to ongoing investments.
The company posted gross revenue of ₹98,232 crore for the quarter, up 10.8 per cent year-on-year (y-o-y), while revenue from operations rose 11.1 per cent to ₹87,344 crore, supported by broad-based growth across consumption categories.
EBITDA increased 3.1 per cent year-on-year to ₹6,921 crore, with margins down 60 bps at 7.9 per cent, reflecting continued spending to scale its hyper-local commerce capabilities. Profit after tax rose marginally by 0.5 per cent to ₹3,563 crore.
Online channels
Operationally, the retail giant continued its aggressive expansion, adding 333 stores during the quarter to take the total count to 20,160 outlets, spanning 78.3 million sq. ft. Its registered customer base grew 10.9 per cent year-on-year to 387 million, while transactions surged 62 per cent to 585 million, highlighting rising consumer engagement.
Growth was particularly strong in digital and quick commerce channels. JioMart saw hyper-local daily orders jump 29 per cent sequentially and more than triple year-on-year, with its network now covering over 5,100 pin codes across 1,200 cities.
Fashion platform Ajio expanded its catalogue to around 3 million products, while its quick delivery service Ajio Rush scaled to over 600 cities with a four-hour delivery promise.
In other segments, the consumer electronics business saw strong traction from promotional campaigns, while the jewellery segment benefited from rising gold prices, driving a 53 per cent increase in average bill value.
As part of its push into premium brands, it entered into an exclusive partnership with British footwear brand, Kurt Geiger.
FMCG
Reliance Consumer Products more than doubled its revenue in the quarter to ₹7,350 crore, while for the full year it doubled to ₹22,000 crore, led by Campa and Independence brands.
Campa notched up sales of over ₹4,700 crore in FY26 while Independence achieved sales of ₹2,600 crore.
Expansion in supply chain network, acquisitions and new brand launches across categories aided in the company’s growth. It was further scaling up capacity to become one of the largest beverages makers in the world and adding high speed bottling lines across several greenfield plants in 12 States.