Business
Reliance Retail Q2 profit falls 24.3% to ₹2,611 crore
Business Standard·
Reliance Retail Ventures reported net profit down 24.3% to ₹2,611 crore in Q2 FY27, Business Standard said. Revenue from operations rose 5.8% to ₹80,220 crore. Operating Ebitda fell 11.1% to ₹5,886 crore; finance costs rose 53.9% to ₹905 crore. A ₹108 crore impairment closed 7 Eleven stores. It opened 303 stores with net reduction of 222, leaving 19,947 outlets.
Prism
What It Means For You
- Shoppers may still see new Reliance formats while 222 net store closures remove unproductive outlets from their usual locations.
- Finance cost increases can influence pricing and promotions across grocery, fashion and electronics formats nationwide.
- Consumer products gross revenue at ₹8,266 crore, up 1.6 times, signals wider FMCG shelf presence in the same quarter.
What's Happening
- Executive director Isha Ambani said customer trust across stores and digital platforms remains central to growth.
- Chairman Mukesh Ambani called the quarter steady with growth across formats and channels.
- Store count reached 19,947 across 77.5 million sq. ft after openings and closures.
Festival quarter timing in FY27
- Mukesh Ambani said consumer demand stayed healthy across formats in the earnings statement.
- Reliance Consumer Products daily essentials sales reached ₹7,000 crore in the first half of FY27.
- The company said the festival quarter sits entirely in Q3, affecting sequential comparisons.
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