Good news for Mukesh Ambani, Isha Ambani, this company earns Rs 32710000000 as…, India’s richest man says…

Mukesh Ambani’s Reliance Retail's jewellery business delivered steady performance amidst volatile gold prices, with average bill value up 47 per cent Y-o-Y.

Reliance Retail Ventures Ltd (RRVL), the retail arm of Mukesh Ambani-led Reliance Industries, reported a 28.3% year-on-year increase in profit after tax, reaching Rs 3,271 crore for the quarter ended June 30, 2025. This growth was driven by strong revenue performance across all segments.

In the same quarter last year, the company had posted a profit after tax of Rs 2,549 crore, as per Reliance Industries Ltd’s (RIL) regulatory filing.

Gross revenue for Q1 FY26 stood at Rs 84,171 crore, marking an 11.3% rise from Rs 75,615 crore in the corresponding period of the previous fiscal.

Reliance Retail’s Revenue

Reliance Retail’s revenue from operations in the first quarter was at Rs 73,720  crore compared to Rs 66,260 crore in the year-ago period, up 11.3 per cent.

All segments performed well, with market leading performance in grocery and fashion.  Consumer electronics and devices were impacted because of early onset of monsoons, but recovery is underway, the company said.

 In the quarter, the retail business expanded its store network with 388 new store openings, taking the total store count to 19,592 with area under operation at 77.6 million sq. ft.

“The registered customer base grew to 358 million, making Reliance Retail one of the most preferred retailers in the country,” it said, adding that JioMart continued to expand quick hyper-local deliveries registering 68 per cent Q-o-Q growth and 175 per cent Y-o-Y growth of daily orders.

Mukesh Ambani, Isha Ambani On Reliance Retail Performance

“Retail’s business … customer base expanded to 358 million, along with significant improvement across operating metrics. We are focusing on strengthening the portfolio of our own FMCG brands, which resonate with the tastes of Indian consumers,” Reliance Industries Ltd Chairman and Managing Director Mukesh D. Ambani said.

He further said, “Our retail business continues to enhance its ability to fulfil everyday as well as specialized needs of all customer cohorts, through a multi-channel approach.”

Commenting on the performance, Reliance Retail Ventures Ltd Executive Director, Isha M. Ambani said, “Reliance Retail delivered resilient performance during this quarter, driven by our relentless focus on operational excellence, geographical expansion and sharper product portfolio. Our continued investments in cutting-edge technologies and differentiated product offerings have enabled us to serve our customers better and scale with agility.”

In the consumer electronics segment, Reliance Retail said the business achieved steady growth, driven by an average bill value growth, up 26 per cent. However, AC sales were impacted due to early onset of monsoon.

JioMart Digital business delivered strong growth, led by expansion of its brand portfolio and merchant partner base. The acquisition of Kelvinator brand IP for India will strengthen its own brands play across categories in consumer durables, it added.

(With Inputs From PTI)