Reliance Retail

Reliance Retail Ventures Ltd. reported a modest rise in third-quarter profit, reflecting steady execution amid a mixed consumption environment. Net profit increased 2.7 percent year-on-year to Rs. 3,551 crore, supported by continued store expansion, resilient demand in essential categories, and disciplined cost management. While discretionary spending showed signs of pressure due to inflation and cautious consumer sentiment, the company benefited from scale efficiencies and an expanding omnichannel presence.

Reliance Retail has delivered a strong financial performance for the first quarter of FY25, with its profit after tax climbing 28.3% year-on-year to Rs. 3,165 crore. The company also posted a significant increase in revenue, which rose to Rs. 81,090 crore, marking an 18.7% jump compared to the same period last year. The robust growth was driven by strong consumer demand across formats, strategic expansion in both digital and physical retail, and improved operating efficiencies.

Reliance Retail Ventures Ltd. has acquired the rights to the iconic Kelvinator brand in India, marking a significant step in its continued expansion into the fast-growing home appliances sector. The deal grants Reliance perpetual ownership of the brand across a broad range of product categories, positioning the conglomerate to challenge established players in refrigerators, air conditioners, and kitchen appliances.

Reliance Retail Ventures Ltd (RRVL) has strategically acquired a minority stake in UK-based FACEGYM, signaling its foray into the burgeoning facial fitness and skincare sector in India. This partnership seeks to blend FACEGYM’s innovative non-invasive facial workouts with Reliance’s omnichannel beauty platform, Tira, to create standalone studios and curated retail spaces in key Indian metros over the next five years.