Reliance Retail Q1 profit falls 14.2% to Rs 2,806 cr as e-commerce spend squeezes margins
Revenue rose 8.2% to Rs 79,745 crore with double-digit growth across grocery, electronics and fashion, but heavy e-commerce investment dragged profit down 14.2%. JioMart orders jumped 116% YoY, Ajio Rush surged 136% QoQ, and RCPL doubled revenue to Rs 8,600 crore as Campa expands into Australia and Africa.
Reliance Retail Q1 profit fell 14.2% to Rs 2,806 crore as e-commerce investment squeezed margins; revenue rose 8.2%. Grocery, electronics, fashion grew double-digits. RCPL doubled revenue; Campa expands to Australia and Africa.