The country’s largest retailer said sales during the quarter were the highest ever in the company’s history, while the earnings before interest, taxes, depreciation and amortization (EBITDA) margin from operations at 7.9% was impacted due to investment in quick or hyperlocal commerce. In the corresponding quarter of last fiscal, EBITDA margin was 8.5%. Average daily orders in quick commerce went up 29% quarter-on-quarter and 300% yoy in the quarter under review, which Reliance said made it the country’s widest hyper-local delivery network.
In FY26, Reliance Retail reported 11.7% yoy growth in consolidated net profit at Rs 13,842 crore while revenue from operation went up by 12.4% yoy at Rs 3,27,143 crore driven by rapid scale-up of hyper-local commerce and consumption growth across segments. The annual EBITDA at Rs 27,033 crore was up by 7.9% yoy, while EBITDA margin was 8.3%.In FY25, EBITDA margin was 8.6%.
The fast moving consumer goods (FMCG) business, run under Reliance Consumer Products Ltd, grew gross revenue two times at Rs 22,000 crore in FY26, while the fourth quarter gross revenue went up 2.2 times at Rs 7350 crore. Reliance said the Campa brand achieved over Rs 4700 crore of gross sales last fiscal, making it the country’s fourth largest carbonated soft drink brand with double digit market share in some markets.
The packaged staples business sold under the Independence brand achieved Rs 2600 crore of sales last fiscal, while in the packaged drinking water business Reliance said it has become the third largest branded water company. The international presence of the FMCG business has expanded to over 40 countries.
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Reliance Retail Ventures executive director Isha M. Ambani said in the earnings release that FY26 marks a year of profitable growth on a scale.
“The most significant shift this year was structural. Hyper-local commerce orders grew more than four-fold year-on-year. We operate India’s widest hyper-local delivery network across grocery, electronics and fashion – powered by 3,100-plus stores across 1,200-plus cities and 5,100-plus pin codes. This is a uniquely Indian platform, built on a uniquely Reliance scale-advantage,” she said.Reliance Retail opened 333 new stores in the last quarter with total store count at 20,160 and area under operation at 78.3 million square feet. For the full fiscal (2025-26), Reliance Retail opened 1,564 stores.
Ambani said as the company enters the next fiscal, the focus will be on converting the unmatched reach into deeper customer value through AI-embedded merchandising, sharper pricing architecture, and disciplined execution. “The balance sheet is strong and our leadership across categories is widening. We are building Reliance Retail for a decade of sustainable, profitable growth,” she said.
Reliance said in the grocery business, the big box Smart Bazaar store count crossed 1,000 outlets making it the fastest roll out globally. In quick commerce,Reliancehas expanded non-grocery hyper local commerce to include 682 electronics and 1,700+ fashion and lifestyle stores with two-hour deliveries.