Reliance's luxury business out of style in FY25 as demand dips

Sales of premium and luxury retail businesses growth slowed for Reliance amid weakening demand across discretionary segments during FY25, according to its annual report

Reliance Brands, its flagship luxury firm that houses over 50 international labels, posted 5% sales growth to ₹2,616 crore with losses narrowing slightly to ₹279 crore. A year ago, it had grown 12%. The company, which started way back in 2007, has partnered more than 85 global luxury and lifestyle labels including Bottega Veneta, Tiffany & Co, and Pret A Manger, among others. "The premium brands business enriched its portfolio with new brand partnerships while focusing on global expansion of owned intellectual properties," it said in the annual report.

As India's largest luxury retailer, Reliance Brands has a portfolio of international brands that include Burberry, Coach, Diesel, Jimmy Choo, Kate Spade and Versace.