Reliance Retail’s luxury and premium retail business reported a sharp recovery in FY ’26, with sales growth accelerating and losses narrowing significantly amid improved consumer spending and a restructuring exercise.
According to the latest annual report of parent company Reliance Industries, Reliance Brands Ltd (RBL) — the group’s flagship luxury retail arm housing over 50 international labels spanning apparel, footwear, accessories, and toys — recorded sales of Rs. 3,494 crore (US $365 million) in FY ’26, marking a 45% year-on-year increase compared to 5% growth in the previous financial year. Net losses for the business also declined 51% year-on-year to Rs. 137 crore (US $14.32 million).
The report attributed the improvement to a rebound in premium consumption as well as operational restructuring measures, including the closure of several underperforming stores.
The group’s premium and designer-led ventures also delivered mixed performances during the year. Reliance GAS Lifestyle – the official Indian retail and distribution partner for GAS, a prominent premium Italian denim and fashion brand – recorded 33% growth to Rs. 139 crore (US $14.53 million). Designer label businesses linked to fashion designers Rahul Mishra and Anamika Khanna also registered growth during the financial year.
