Reliance Retail's luxury arm surges 45% in FY26, losses halve

Kolkata: Reliance Retail's premium retail business reported a sharp rebound in sales in FY26 alongside a narrowing of losses, aided by a recovery in consumer spending and a restructuring exercise that involved shutting several underperforming stores, according to the latest annual report of the ultimate parent company Reliance Industries.

The report also highlighted a surge in business at Reliance's acquired wholesale venture, Metro Cash & Carry, while offering a glimpse into the losses at its fast-moving consumer goods (FMCG) arm, which stood at a relatively modest ₹125 crore in the last four months of FY26.

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Reliance Brands (RBL), the retailer's flagship luxury arm housing more than 50 international labels, reported sales of ₹3,494 crore for FY26, marking a 45% year-on-year jump compared with 5% growth in the previous fiscal. The company also reduced its net losses by 51% year-on-year to ₹137 crore.

The wholesale business led by Metro Cash & Carry India recorded a 13% year-on-year increase in sales to ₹12,094 crore in FY26. However, the business slipped into a net loss of ₹39 crore from a net profit of a similar amount a year ago.

While Reliance has said its FMCG business, operated through Reliance Consumer Products (RCPL), doubled gross revenue in FY26 to ₹22,000 crore, the annual report shed light on losses incurred after the business was demerged into a separate entity in December 2025. RCPL reported sales of ₹7,042 crore in the last four months of FY26, alongside a net loss of ₹125 crore.

"RCPL will continue its accelerated growth trajectory, with revenues expected to grow multifold by 2030, while aspiring to emerge as one of the leading global branded consumer products companies," the company said in the report.

Reliance said its beverage brand Campa crossed ₹4,700 crore in gross sales in FY26, emerging as the country's fourth-largest carbonated beverage brand by March, with double-digit market share in several markets. Its staples brand Independence clocked sales of ₹2,600 crore. For FY26, Reliance Retail reported gross revenue of ₹3,71,085 crore, up 12% year-on-year.

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The group's other premium and designer-led ventures also reported growth in FY26. Toy retailer Hamleys of London posted an 11% year-on-year increase in sales to ₹588 crore, while Reliance GAS Lifestyle saw sales surge 33% to ₹139 crore.

Among designer labels, Ritu Kumar reported flat sales at ₹270 crore in FY26, while Rahul Mishra posted a 32% increase to ₹68 crore. Reliance's venture with Anamika Khanna recorded 13% growth in sales to ₹22 crore, while the partnership with Abu Jani Sandeep Khosla remained flat at ₹135 crore. Reliance Industries chairman and managing director Mukesh Ambani said in the annual report that the group's consumer businesses are helping shape India's consumption landscape.

"Reliance Retail is not just scaling-it's redefining how India buys, consumes, and experiences products and services. Our hyperlocal commerce platforms are setting benchmarks in speed, reach, and customer engagement," he said.