Reliance Retail targets JioMart and dark-store scale-up as it pursues EBITDA doubling
Reliance Retail plans to expand JioMart, dark stores and omnichannel operations in FY27, with a focus on positive unit economics. The group is targeting a doubling of operating EBITDA by FY28-FY29, while its FMCG business has turned EBITDA-positive and luxury sales grew 45% in FY26.
Reliance Retail plans to scale JioMart, dark stores and omnichannel operations in FY27, targeting positive unit economics and doubled operating EBITDA by FY28-FY29. Reliance’s FMCG unit became EBITDA-positive, while its luxury arm grew 45% in FY26 and halved losses.
Why this matters
Reliance Retail's planned JioMart and dark-store push follows its first offline Netmeds pharmacy opening in Chennai, extending digital retail assets into physical formats. The group also resurfaced in February's ranking of India’s top unlisted companies.
QoQ change is not provided; omni-channel is steady with 1,777 signals in the past 90 days.