Reliance Industries Ltd, reported a strong performance for the quarter ended September 2025, with revenue rising 19% year-on-year (YoY) to ₹90,544 crore compared to ₹76,325 crore in the same quarter last year. The figure also surpassed CNBC-TV18’s estimate of ₹86,250 crore.The retail arm’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) came in at ₹6,817 crore, up from ₹5,861 crore in the year-ago period, and slightly above estimates of ₹6,750 crore. The growth in operating profit was supported by higher revenues, a favourable business mix, and improved store operating metrics.
Revenue for the retail business grew strongly, with contributions from all formats. The grocery, fashion, and lifestyle segments witnessed growth of 23% and 22%, respectively. Reliance Retail ended the quarter with 19,821 stores and a total operational area of 77.8 million square feet.
Also Read: Reliance Jio Q2 Results: ARPU rises to ₹211.40, subscriber base tops 500 millionThe company added 412 new stores during the quarter, expanding its retail footprint across markets. The registered customer base grew 13% year-on-year to 369 million, while transactions rose 26.5% to 434 million. Reliance Retail also maintained strong momentum in its Quick Hyperlocal Commerce model, supported by growing adoption across JioMart and physical store integration.
In the grocery segment, demand was driven by the festive season and strong double-digit growth across key categories. Packaged food grew 20%, staples 18%, and home and personal care 13%, while fruits and vegetables volumes were up 62% year-on-year. JioMart continued its rapid expansion, now active across 5,000 pin codes and serviced by more than 3,000 stores in over 1,000 cities. The platform added 5.8 million new customers in the quarter and recorded over 200% year-on-year growth in daily orders, extending 30-minute deliveries to electronics in 10 cities.The fashion and lifestyle business continued to gain traction, particularly through emerging formats such as Yousta and Azorte, which grew 66% YoY, with Yousta crossing the 100-store mark. The company also strengthened its digital fashion play with AJIO, which expanded its catalogue to 2.7 million options, up 35% YoY and launched new brands on the platform. AJIO Luxe grew its brand portfolio by 33%, while the Jewels segment saw average bill values rise by 52% YoY.
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The consumer electronics division delivered 18% YoY growth, supported by new product launches and the GST rate reduction in September. Categories such as laptops (+37%), mobiles (+22%), and appliances (+10%) saw robust traction. The digital India sale during the Independence Day period achieved a record 24% year-on-year growth and marked the business’s highest-ever single-day sales.
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries Ltd, said, “All formats registered higher volume, propelling strong growth in both revenue and EBITDA. There has also been a sustained pick-up in our quick hyperlocal delivery model. The recently announced progressive reforms in the GST regime provide a boost to continuing consumption-led growth.”
Isha M. Ambani, Executive Director, Reliance Retail Ventures Ltd, said, “GST rate changes will further accelerate consumption growth as consumers get the benefit of lower prices…We consistently innovate, from curating new collections to creating campaigns that connect with today’s Indian consumer, and our focus remains on building brands that inspire and resonate across India.”
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