Reliance Industries misses profit estimates in Q2 but retail shows steady growth

Reliance Industries missed its general profit estimates in the second quarter of the 2026 monetary yr but its retail enterprise confirmed steady growth with Reliance Retail Ventures Limited’s income from operations rising by 19% yr on yr.

RRVL’s gross income was up by 18% yr on yr to complete Rs 90,018 crore, the enterprise introduced in a press launch. The retail enterprise’ profit after tax surged by 21.9% to Rs 3,457 crore and EBITDA was up by 16.5% yr on yr in the second quarter.
“Reliance Retail delivered strong performance during the quarter led by our relentless focus on operational excellence, investments in stores and digital platforms, and festive buying across consumption baskets,” stated Reliance Retail Ventures Limited’s govt director Isha M Ambani in a press launch. “GST rate changes will further accelerate consumption growth as consumers get the benefit of lower prices. Our success is a testament to our deep understanding of the consumer. We consistently innovate, from curating new collections to creating campaigns that connect with today’s Indian consumer, and our focus remains on building brands that inspire and resonate across India.”

Under its vogue umbrella, retail codecs Yousta and Azorte reported growth of 66% yr on yr and Yousta reached the 100-store milestone in the course of the quarter. Ethnic put on noticed robust demand with the onset of the festive season and the equipment, footwear, vogue jewelry, and sweetness segments witnessed an uptick in demand.
Reliance Industries Limited’s consolidated monetary highlights present that its gross income elevated by 9.9% yr on yr in the second quarter of the 2026 monetary yr. The enterprise’ complete profit after tax rose by 15.9% in the course of the quarter to complete Rs 22,146 crore.
“Reliance delivered a robust performance during 2QFY26 led by strong contribution from O2C, Jio, and Retail businesses,” stated Reliance Industries Limited’s chairman and managing director Mukesh D Ambani. “I am happy to highlight the growth momentum of our Retail business. All formats registered higher volume, propelling strong growth in both revenue and EBITDA. There has also been a sustained pick-up in our quick hyperlocal delivery model. The recently announced progressive reforms in GST regime provide a boost to continuing consumption-led growth.”