Reliance Retail Opens First Netmeds Store, Enters Offline Pharma Retail
Reliance Retail has launched a physical Netmeds outlet in Chennai, marking its entry into brick-and-mortar pharmacy retail and extending the digital pharma brand into an omnichannel format.
Reliance Retail enters offline pharmacy retail by opening a Netmeds store in Chennai, marking expansion into physical pharma retail format.
Why this matters
The Chennai store follows Reliance Retail's 2% YoY Ebitda dip tied to digital commerce and dark-store investment, showing continued push into pharma omnichannel despite margin pressure.
Store-opening signals steady at 1,275 in the past 90 days.