Reliance Retail Launches First Offline Netmeds Pharmacy Store in Chennai
Reliance Retail has opened its first brick-and-mortar Netmeds outlet in Chennai, marking a shift from the digital-first pharma brand it acquired for INR 620 Cr in 2020 toward an omnichannel retail model alongside Vitalic Health.
Reliance Retail opens first offline Netmeds pharmacy store in Chennai, expanding its digital-first pharma brand into brick-and-mortar retail as part of omnichannel strategy.
Why this matters
This follows Reliance's parallel push to grow JioMart and dark stores toward 2x EBITDA by FY29, showing pharma joining its broader offline-online retail expansion.
Store-opening signals steady at 1,284 in 90 days, no major QoQ shift reported.