Reliance Retail Ventures Limited (RRVL) delivered a steady performance in the fourth quarter of FY26, supported by strong growth in hyperlocal commerce, expanding store footprint, and rising customer engagement. Despite margin pressures, the company maintained profitability and continued scaling its omnichannel retail ecosystem.
Strong Revenue Growth in Q4
RRVL reported gross revenue of ₹98,232 crore in Q4 FY26, marking a 10.8% year-on-year (YoY) increase compared to ₹88,620 crore in Q4 FY25. Revenue from operations also grew 11.1% YoY to ₹87,344 crore, reflecting consistent demand across grocery, fashion, and electronics segments.
For the full financial year FY26, the company posted revenue of ₹370,026 crore, up 11.8% YoY, highlighting broad-based growth across consumption categories.
EBITDA and Margin Performance
EBITDA for Q4 FY26 stood at ₹6,921 crore, registering a 3.1% YoY increase. However, EBITDA margin declined to 7.9% from 8.5% last year, indicating continued investments in expansion and hyperlocal delivery capabilities.
Annual EBITDA came in at ₹27,033 crore, up 7.9% YoY, with margins at 8.3%. The margin compression reflects aggressive investments in supply chain and quick commerce infrastructure.
Profit Growth Remains Stable
Profit after tax (PAT) for Q4 FY26 rose marginally by 0.5% YoY to ₹3,563 crore. Including associate income, total profit reached ₹3,574 crore, up 1.6% YoY.
For FY26, PAT stood at ₹13,838 crore, reflecting a healthy 11.7% YoY growth, demonstrating resilience despite rising costs and expansion-related expenses.
Store Expansion and Customer Growth
Reliance Retail continued aggressive expansion during the quarter. The total store count reached 20,160, with 333 new stores added in Q4 alone. On an annual basis, the company opened 1,564 stores.
Customer metrics remained strong, with the registered customer base growing to 387 million, up 10.9% YoY. Total transactions surged 62.0% YoY in Q4 to 585 million, reflecting higher engagement and repeat purchases.
Hyperlocal Commerce Emerges as Key Growth Driver
Hyperlocal commerce continued to be a major growth engine. Average daily orders in Q4 surged over 300% YoY and 29% sequentially, highlighting rapid adoption of quick delivery services.
The company also expanded its quick commerce network beyond grocery into electronics and fashion, offering delivery timelines as fast as 2 hours. This strategic shift is helping Reliance Retail strengthen its competitive positioning in India’s fast-growing quick commerce space.
Segment Highlights
The grocery segment saw steady demand driven by festive sales and expansion of Smart Bazaar stores. Categories such as staples, processed foods, and convenience items recorded strong traction.
Fashion and lifestyle business delivered broad-based growth, supported by strong performance in men’s fashion and digital platforms like Ajio. The segment also focused on AI-led transformation and premium brand partnerships.
Consumer electronics maintained momentum with strong demand for mobiles, laptops, and TVs, aided by festive campaigns and promotional sales.
Digital Ecosystem Expansion
JioMart continued to scale rapidly, expanding its reach to over 5,100 pin codes and 1,200+ cities. The platform added 5.8 million new customers in Q4, with significant growth in seller base and marketplace offerings.