Reliance Retail Q2 profit drops nearly 25% as revenue climbs 6%
Reliance Retail's July–September profit fell about 24–25% on digital-commerce spending and higher costs, according to Moody's report.
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what happened
According to Moody's, Reliance Retail Ventures posted a profit after tax decline of roughly 24–25% for July–September 2026, to between 2,611 and 2,619 crore rupees from 3,451 to 3,469 crore a year earlier. The two reports Moody's cites give slightly different figures.
Revenue from operations rose 5.8% to 80,220 crore rupees, and gross revenue climbed 6.4% to 91,716 crore. EBITDA before the one-time impairment fell 8.6% to 6,228 crore, with the margin narrowing by 120 basis points. The company blamed digital-commerce investment, rising input costs and the festive season shifting into the December quarter.
The consumer products unit reported gross revenue growth of about 60%, to 8,266 crore rupees. The store count rose 0.6% year on year to 19,947, even after closing unproductive outlets.
why it matters
Margins are the key signal here: profit falling while revenue grows suggests that online investment is still weighing on earnings. The report matters for Reliance Industries, and fast growth in consumer products partly offsets weakness in retail.
market impact
Reliance Industries shares: weaker retail profit weighs on the stock, while consumer growth partly offsets it
- Reliance Industries shares mixed — weak retail profit offset by fast growth in the consumer products business
tags
instruments
sources
- Reliance Retail profit falls 24% in Q2; FMCG revenue rises 60% — Moody's, 30 October 2026 at 16:10 UTC
- Reliance Retail Q2 profit falls 24.5%, revenue up 6.4% — Moody's, 30 October 2026 at 18:34 UTC
- Reliance Retail Q2 results: Net profit falls 24% to Rs.2,611 crore; revenue rises 6% — Moody's, 30 October 2026 at 20:48 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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