Reliance Industries Ltd (RIL), led by Mukesh Ambani, announced its Q3 FY25 results on January 16, reporting strong growth across its key business segments, including oil-to-chemical (O2C), Reliance Oil & Gas, Reliance Jio, and Reliance Retail.
Reliance Retail posted a revenue of Rs. 79,595 crore for the quarter ended December 2024, marking a 7% YoY growth from Rs. 74,373 crore. Net profit rose by 10% to Rs. 3,458 crore, up from Rs. 3,145 crore YoY. The segment’s EBITDA increased by 9.5% to Rs. 6,828 crore, with EBITDA margins improving to 8.6% from 8.4% YoY.
The retail division expanded significantly, opening 779 new stores, bringing the total count to 19,102 with an operational area of 77.4 million sq. ft. The quarter recorded over 296 million footfalls, a 5% YoY increase, and a registered customer base of 338 million.
“Our focus on offering a wide range of products at attractive prices continues to draw customers to our stores and digital platforms,” said Isha Ambani, Executive Director of Reliance Retail Ventures. Initiatives like JioMart express and scheduled deliveries, alongside Milkbasket’s subscription services, contributed to a seamless shopping experience.
Mukesh Ambani highlighted the robust growth in the digital services business, driven by sustained subscriber additions and upgrades to 5G networks, while festive demand fueled the retail segment’s strong performance.
