Reliance Industries reported a steady performance in its retail business for the fourth quarter, supported by festive demand, store expansion and rapid growth in hyperlocal delivery. Revenue for the retail segment rose to ₹98,457 crore in Q4, compared with ₹97,912 crore in the previous quarter and ₹88,637 crore a year ago.
EBITDA stood at ₹6,921 crore, largely flat sequentially versus ₹6,915 crore, but higher than ₹6,721 crore in the year-ago period.
Margins, however, moderated to 7% from 7.1% in Q3 and 7.6% last year.
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The company highlighted strong traction in hyperlocal commerce, with average daily orders jumping over 300% year-on-year and 29% quarter-on-quarter. Its registered customer base grew 11% year-on-year to 387 million, while total transactions increased 39% to 1.93 billion, according to an exchange filing.
Reliance Retail continued its aggressive expansion during the quarter, adding 333 stores to take the total count to 20,160, with a retail footprint of 78.3 million square feet. The company also crossed the milestone of 1,000 big-box stores, reflecting continued scale-up in larger format retail.
The filing noted that performance was aided by festive demand across consumption baskets, while investments in omni-channel capabilities and hyperlocal delivery gained momentum. Reliance Retail said it is undertaking an AI-native operating model transformation, embedding intelligence across merchandising, supply chain and fulfilment.
It also pointed to ongoing investments in product innovation, including its Spring-Summer range anchored around travel and holidays, alongside a focus on fabric innovation through its own brands.
Reacting to the numbers, Deven Choksey, Managing Director of Drchoksey Finserv, said, “I think these are probably among the best numbers one could ask for on Reliance Retail. They are steadily maintaining their margins, and at the same time registering higher topline growth. So, probably industry-best, as one might call it. One of the reasons for them being among the best is that they have been systematically acquiring brands, and the contribution of their own brands is now delivering a higher share to the company’s overall business. That is one of the reasons why you are seeing a strong margin performance in the retail business. But on the face of it, the numbers are absolutely on expected lines.”
Shares of Reliance Industries ended lower on Friday, April 24, by 1.16% at ₹1,327.80 on the NSE.