Reliance Retail Q2 Results: Gross revenue grows 6.4%

What happened

Reliance Retail Ventures reported gross revenue of ₹91,716 crore for the September quarter, up 6.4% year on year after adjusting for the demerger of its Consumer Brands business, with results affected by major festivals shifting to the December quarter.

Confirmed

Global impact / market context

Revenue and profit growth matter because slower profit per sale means Reliance Retail keeps less from each rupee of sales, which can reduce cash available to open stores and fund investments in newer B2B and digital commerce businesses.

Analyst inference

Investors compare Reliance Retail with other retail and consumer businesses, watching whether festival timing only shifts sales into the December quarter or signals weaker underlying demand, and whether costs from input inflation and new businesses keep squeezing profit per sale.

Analyst inference

What to watch

1. EBITDA before a one-time impairment charge was ₹6,228 crore, a margin of 7.8%; reported EBITDA was ₹6,120 crore, a margin of 6.7%, showing the gap between adjusted and reported profit. Confirmed
2. The company opened 303 new stores in the quarter, taking its total to 19,947 stores, up 0.6% year on year, while operational area stood at 77.5 million square feet. Confirmed
3. Watch whether December-quarter sales recover as festivals fall in that period, and whether input-cost inflation and spending on B2B and digital commerce stop reducing profit per sale. Analyst inference

Evidence

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