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Reliance Retail reports 2.7% profit rise in Q3
Yahoo Finance· 2026-01-19 11:51
Core Insights - Reliance Retail Ventures Limited (RRVL) reported a 2.7% increase in profit for Q3 FY26, with profit after tax rising to Rs 35.51 billion ($390.6 million) from Rs 34.58 billion in Q3 FY25 [1] - The company achieved consolidated revenue growth of 8.1% year-on-year, reaching Rs 976.05 billion, with revenue from operations increasing by 9.2% to Rs 869.51 billion [2] Financial Performance - EBITDA from operations increased by 2.1% to Rs 67.70 billion, while overall EBITDA rose by 1.3% to Rs 69.15 billion, with the EBITDA margin narrowing to 8% [3] - For the nine months ending December FY26, gross revenue totaled Rs 2,717.94 billion, compared to Rs 2,422.50 billion in the same period last year, with nine-month EBITDA at Rs 201.12 billion [3] Operational Highlights - RRVL added 431 stores, bringing the total to 19,979 outlets, with retail area expanding to 78.1 million square feet [4] - Registered customers increased by 11.8% year-on-year to 378 million, and quarterly transactions surged by 47.6% to 524 million [4] E-commerce and Customer Engagement - JioMart expanded to over 5,000 pin codes across more than 1,000 cities, achieving 1.6 million daily orders [4] - Average daily orders rose by 53% quarter-on-quarter and over 360% year-on-year, with the merchant network increasing by 22% [5] Segment Performance - The fashion and lifestyle segment saw festive-driven demand across more than 1,300 cities, with Ajio's average basket value increasing by 21% year-on-year [5] - The Jewels business experienced a 73% year-on-year rise in average bill value, with old gold exchange sales accounting for 29% of total sales, up from 21% a year earlier [6]