Reliance Retail Ventures PAT rise 10% driven by JioMart, grocery business in Q3 FY25

Reliance Retail Ventures Ltd., the consumer arm of Mukesh Ambani-led diversified conglomerate Reliance Group, reported a 10% year-on-year rise in its profit (PAT) for the quarter ending December 31, 2024. During this period. , Reliance Retail Ventures’ (RRVL) PAT stood at Rs 3,458 crore from Rs 3,145 crore. EUR in the same quarter last year.

Operating income also increased by 7% to Rs 79,595 from Rs 74,373 in the nine-month period April-December 2024, leading to a 3.3% increase in revenue from operations to Rs 212,357 crore in the previous year. against Rs 205,469 recorded during the same period.

“The retail segment performed strongly with remarkable contribution across formats. The business was able to capitalize on increased consumption during the quarter amid festive demand,” Reliance Industries Chairman and CEO Mukesh Ambani said in a statement.

RRVL improved its earnings before interest, tax, depreciation and amortization (EBITDA) by 9.8% y-o-y to Rs 6,828 from Rs 6,238.EBITDA margin remained at 8.6 percent, which An increase of 20 basis points to 8.4 in the third quarter of fiscal year 2024 of a percentage point, but subsequently decreased by 20 bps.One basis point is equivalent to one-hundredth of a percentage point.

Despite the festive quarter, Reliance’s retail outlets were down from the previous quarter.The company recorded 296 million visits to its stores last quarter, down from 297 million in the second quarter of fiscal 2025, while it grew 5 percent year-on-year in the third quarter of fiscal 2024. 282 million in the quarter.

According to Ambani, a superior understanding of customer needs and preferences has enabled Reliance Retail to cater to a wide range of demographic profiles with the “right product, right time, right channel.” “With customer-centric innovation at its core, the business is constantly striving to improve its customers’ shopping experience through availability and an ever-expanding product basket,” he added.

While RRVL added 779 new stores to its portfolio, bringing the total number of stores under its umbrella to 19,102, the retail giant’s floor space declined sequentially to 77.4 million square feet in Q3, 79. 4 million sq. in the second quarter, however, 72.9 million sq. In the third quarter of fiscal year 2024.

According to the company, its grocery business grew at a healthy rate of 37% year-on-year, led by the big-box format, with growth across categories, with general merchandise and value apparel growing at 20% year-on-year, and personal care and beauty premium at 16% year-on-year. % while Metro business recorded highest ever festive sales, it said.JioMart expanded product range with 33% YoY growth in seller base Milkbasket reported 20% YoY growth in monthly active users and 24% YoY growth in its GMV.

Consumer brands continued to grow across the categories with revenue of Rs 8,000 crore in FY 2025. Campa & Independence, its two leading consumer goods brands, have captured more than 10% market share in the carbonated drinks category, according to the company : Both brands are expected to cross Rs 1,000 crore each in FY25.

“Reliance Retail recorded high performance during the quarter on the back of festive shopping. Our focus on offering a wide range of products at attractive prices continues to draw customers to our stores and digital platforms. We are creating express deliveries, scheduled deliveries coupled with Milkbasket’s subscription services, a seamless shopping experience that caters to diverse customers across categories and catchment areas,” said Isha, CEO, RRVL Ambani.