Reliance Retail Q3 Results: Cons PAT jumps 10% YoY to Rs 3,458 crore, revenue advances 7%

Reliance Retail Ventures (RRVL) on Thursday reported a 10% increase in its consolidated net profit for the December quarter, reaching Rs 3,458 crore, compared to Rs 3,145 crore in the same period last year.

On a sequential basis, the net profit increased by 22%, rising from Rs 2,836 crore reported in Q2FY25, while the topline surged 20%, compared to Rs 66,502 crore recorded in the July-September quarter.

The company attributed the strong sequential growth to several productivity improvement initiatives and increased customer engagement during the festive period, driven by new product launches and promotions.

The Q3FY25 revenue from operations stood at Rs 79,595 crore, reflecting a 7% rise from Rs 74,373 crore posted in the corresponding quarter of the previous financial year.

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The retail arm of Reliance Industries (RIL) reported Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of Rs 6,828 crore, a 9.5% increase from Rs 6,238 crore reported by RRVL in Q3FY24.

The business registered gross revenue of Rs 90,333 crore, an increase of 8.8% year-on-year (YoY) and 18.4% quarter-on-quarter (QoQ).

The company opened 779 new stores, bringing the total store count to 19,102, with an area under operation of 77.4 million square feet. The quarter recorded footfalls of over 296 million, reflecting a 5% YoY growth.

The registered customer base grew to 338 million. The company continued its focus on scaling up digital and new commerce, with these channels contributing 18% of total revenue.

Consumer Electronics

The offline business delivered strong growth during the quarter, driven by the festive and wedding seasons, which led to an increase in Average Bill Value (ABV) and conversions. Sales surged by 12% year-on-year (YoY), the filing said.

ResQ, the service organization for the consumer electronics business, maintained steady growth, with on-demand services expanding to 75 additional cities, bringing total coverage to 225 cities. JioMart expanded its product range with a 33% YoY increase in the seller base, maintaining its growth momentum.

Also Read: Reliance Industries Q3 Results: PAT rises 7% YoY to Rs 18,540 crore, revenue up 7%

Fashion and Lifestyle

The company reported a strong rebound in its Apparel & Footwear business, driven by the launch of trendy designs and an enhanced store experience. It also introduced beauty and sleepwear categories across store formats to further strengthen its value proposition.