Reliance Retail Q1 Profit Slips 8% to Rs 3,271 Crore as Margins Contract Despite Customer Surge
Reliance Retail posted an 8% QoQ profit decline to Rs 3,271 crore on revenue of Rs 90,409 crore, with Ebitda margin at 6.98%. Registered customers rose 10.6% YoY to 396 million and transactions jumped 46%. It added 252 stores (total 20,169) as digital and new commerce investments weighed on margins.
Reliance Retail's Q1 net profit fell 8% QoQ to Rs 3,271 crore on lower revenue and higher digital investments, though customer base, transactions, and digital commerce grew strongly across grocery, electronics, and fashion formats.