Reliance Retail opens first offline Netmeds pharmacy store in Chennai
Reliance Retail extends Netmeds beyond e-pharmacy into brick-and-mortar with a new store in Chennai, signaling a push toward omni-channel pharma retail as it looks to compete with rivals like Apollo and Tata 1mg in physical retail formats.
Reliance Retail enters offline pharmacy retail by opening a Netmeds store in Chennai, marking expansion into brick-and-mortar pharma alongside its online pharmacy business.
Why this matters
Comes as Reliance Retail scales its online arm and dark stores to double operating EBITDA by FY29, showing parallel offline expansion via Netmeds.
Store-opening signals remain steady at 1,266 in the last 90 days.