Last Updated:
Revenue from operations of Reliance Retail Venture Ltd (RRVL) increased 5.78 per cent to Rs 80,220 crore in the September quarter of FY27.
RRVL’S EBITDA before one-time impairment charge fell 8.6 per cent to Rs 6,228 crore.
Reliance Retail, the arm of billionaire Mukesh Ambani-led Reliance Industries, on Friday reported a 24.5 per cent decline in profit after tax to Rs 2,619 crore in the September quarter.
The PAT was Rs 3,469 crore in the year-ago period.
Reliance Retail’s gross revenue rose 6.43 per cent to Rs 91,716 crore from Rs 86,169 crore a year earlier as the festive period shifted to the December quarter.
Revenue from operations of Reliance Retail Venture Ltd (RRVL) increased 5.78 per cent to Rs 80,220 crore in the September quarter of FY27. It was Rs 75,836 crore in the corresponding period of the last fiscal year.
“The business performance was impacted by the shift in the festive calendar to Q3,” said Reliance Industries in its earnings statement.
Its EBITDA from Operations slipped 11.1 per cent to Rs 5,886 crore in the September quarter of FY27 against Rs 6,624 crore a year ago.
RRVL’S EBITDA before one-time impairment charge fell 8.6 per cent to Rs 6,228 crore.
This was because of a moderation of 120 bps in margin due to the planned investment phase in Digital Commerce, input cost inflation absorbed for customers, and the festive shift to Q3, it said
During the quarter, Reliance Retail added 303 new stores in its sales network, with a net reduction of 222 stores after accounting for closure of unproductive stores.
RRVL’s total store count rose slightly by 0.6 per cent to 19,947 as of September 30, from 19,821 a year ago.
However, its total retail area declined marginally by 0.4 per cent year-on-year to 77.5 million square feet from 77.8 million square feet in the year-ago period.
Its Chairman and Managing Director Mukesh Ambani said: “Reliance Retail had a steady quarter, with growth sustained across all formats and channels. Consumer demand stayed healthy, supported by our extensive physical and digital presence and our continued focus on serving the diverse needs of Indian consumers”.
“Our consumer products business kept its growth momentum, with the FMCG brand portfolio gaining further ground among Indian consumers.”
The business achieved 7 per cent growth in transactions in a quarter even with major festivals shifting to Q3, indicating strong customer engagement and continued growth, he added.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)
Quick Answers
Ask News18Reliance Retail reported a 24.5 percent decline in profit after tax to Rs 2,619 crore for the September quarter of FY27. The company explained that its business performance and margins were impacted by the shift of the festive calendar to the December quarter, alongside a planned investment phase in Digital Commerce and the absorption of input cost inflation.
Ask News18About the Author
Saurabh Verma is a Deputy News Editor at News18.com, specialising in Indian politics and breaking global news. With years of experience tracking election strategies, he decodes domestic issues for mil…Read More
October 30, 2026, 8:47 PM IST
Read More
Source link
[ad_3]
