Reliance Retail Q3 Revenue Jumps 8% to Rs 97,605 Cr Driven by Festive Demand

• Reliance Retail Ventures Ltd reported an 8% increase in Q3 revenue, reaching Rs 97,605 crore, fueled by strong festive buying and GST impact.
• Quarterly profit after tax rose 2.7% to Rs 3,551 crore, with EBITDA at Rs 6,915 crore and margins expanding by 60 bps to 8%.
• The company expanded its store network by 431 new stores, bringing the total to 19,979, and grew its registered customer base to 378 million.
• Grocery, fashion & lifestyle, and jewels businesses saw robust growth, with JioMart's 30-minute hyperlocal delivery service experiencing significant order growth.
• Consumer electronics also performed strongly, with double-digit growth across key categories and an expanded service network spanning over 1,600 cities.

Why It Matters: Reliance Retail achieved strong Q3 growth across segments, driven by festive demand and strategic expansion.