Due to strong revenue growth across all areas, particularly fashion, Reliance Retail Venture Ltd (RRVL), the retail division of Reliance Industries, reported a 28.3% increase in its profit after tax at Rs. 3,271 crore (US $ 379 million) for the quarter that ended 30th June 2025. According to a regulatory filing, the company posted an after-tax profit of Rs. 2,549 crore (US $ 295 million) for the same quarter of the previous fiscal year.
Compared to Rs. 75,615 crore (US $ 8.76 billion) during the same period of the previous fiscal year, gross revenue increased by 11.3% to Rs. 84,171 crore (US $ 9.75 billion) in the first quarter. In the first quarter, Reliance Retail’s operating revenue was Rs. 73,720 crore (US $ 8.54 billion), up 11.3% from Rs. 66,260 crore (US $ 7.68 billion) in the same period last year.
The retail company added 388 new stores to its network during the quarter, increasing the total number of stores to 19,592 with 77.6 million square feet of operating space.
New store formats and strong own brand performance drove revenue and EBITDA growth in the fashion and lifestyle area. With several initiatives implemented over the past four quarters, growth has accelerated. Reliance Trends has introduced in-trend designs and enhanced the in-store experience, while emerging formats GAP, Azorte, and Yousta have recorded 59% year-over-year growth and currently run over 170 stores.
AJIO added a number of new brands to its product inventory, increasing it to over 2.6 million selections, a 44% year-over-year growth.
With the revenue share of new customers reaching 18%, up 150 basis points year over year, and the average bill value rising 17% year over year, AJIO also continues to show increases in key consumer indicators.
Additionally, AJIO Luxe, which sells luxury classic brands, kept growing and added a number of new brands, increasing its portfolio to 875 labels and growing its library by 17% year over year.
Ajio Rush, a four-hour delivery service that was established in the first quarter of FY26, is Reliance Retail Ventures’ entry into the fashion industry’s fast commerce race.
The business currently operates in six locations, offering over 1.3 lakh styles, and the company claims that its “promising unit economics” are being driven by lower return rates and greater average order values.
Commenting on the company’s performance, Isha M. Ambani, Executive Director of Reliance Retail Ventures Ltd, stated that Reliance Retail delivered a resilient performance during the quarter, supported by a strong emphasis on operational excellence, geographic expansion, and a more refined product portfolio. She noted that the company’s continued investments in advanced technologies and differentiated product offerings have enhanced its ability to serve customers effectively and scale operations with agility.
