macro

Reliance Retail Q2 revenue rises 6.4% as Ajio catalogue grows 23%

Reliance Retail reported 6.4% revenue growth, while its EBITDA margin eased as festive demand shifted into the December quarter.

the same feed is available to bots and dashboards through the api. connect the api →

what happened

Reliance Retail, the retail arm of Reliance Industries, lifted gross revenue 6.4% year on year to Rs 91,716 crore in the July-September quarter, according to Moody's. The figure is adjusted for the demerger of the Consumer Brands business. EBITDA before a one-time impairment charge was Rs 6,228 crore, with a margin of 7.8%, down 120 basis points.

The company blamed the margin decline on the shift of festive sales into the December quarter, higher input costs and spending on B2B and digital commerce. Customer transactions rose 7%, and the store network reached 19,947 after 303 openings. JioMart revenue grew 42%, while Ajio expanded its catalogue 23% to 3.3 million options.

why it matters

The key point for markets is that growth is coming from online and B2B channels, which currently weigh on profitability, while offline stores fund that expansion. The margin trend will matter when investors assess the company's results in coming quarters.

market impact

Reliance Industries shares: weaker retail margin offsets revenue growth and online expansion

tags

instruments

Reliance IndustriesNifty 50

sources

  1. Reliance Retail Q2 Revenue Rises 6.4%, Ajio Catalogue Expands 23% — Moody's, 31 October 2026 at 12:01 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

alerts on your topics, the morning digest and the api — in your account.

get stories in real time ↗