Reliance Retail Q2 Results: Revenue rises 19% YoY to ₹90,544 crore, EBITDA beats estimates

Reliance Retail Ventures Ltd (RRVL), the consumer-facing arm of Reliance Industries Ltd

, reported a strong performance for the quarter ended September 2025, with revenue rising 19% year-on-year 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.

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries Limited, said, "I am happy to highlight the growth momentum of our Retail business. 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 GST regime provide a boost to continuing consumption-led growth."