Reliance Retail's Luxury Arm Revenue Rises 45% to ₹3,494 Crore, Net Loss Narrows 51% in FY26

Reliance Retail reported gross revenue of ₹3,71,085 crore in FY26, a 12% increase from the previous year, according to the annual report of Reliance Industries.  

The report showed growth across several consumer-facing businesses, including luxury retail, wholesale trade, and fast-moving consumer goods. 

Among these businesses, Reliance Brands Ltd (RBL), which manages a portfolio of international premium and luxury labels, recorded one of the strongest increases in revenue during the year. 

Losses Narrow at Reliance Brands 

RBL reported revenue of ₹3,494 crore in FY26, up 45% year-on-year. In comparison, the business had recorded revenue growth of 5% in FY25. 

Net loss for the year stood at ₹137 crore, compared with a higher loss a year earlier. Reliance said the business benefited from improved consumer demand and steps taken to rationalise operations, including the closure of stores that were not performing as expected. 

Wholesale Business Expands 

Metro Cash & Carry India, the wholesale business acquired by Reliance, reported revenue of ₹12,094 crore in FY26. This represented a 13% increase from the previous year. 

Despite the rise in sales, the business reported a net loss of ₹39 crore. In FY25, Metro Cash & Carry India had reported a net profit of around the same amount. 

FMCG Operations and Brand Performance 

The annual report also disclosed financial details of Reliance Consumer Products Ltd (RCPL), which was demerged into a separate entity in December 2025. For the final 4 months of FY26, RCPL reported revenue of ₹7,042 crore and a net loss of ₹125 crore. 

Reliance had earlier stated that its FMCG business recorded gross revenue of ₹22,000 crore in FY26. Campa generated gross sales of more than ₹4,700 crore during the year, while Independence reported sales of ₹2,600 crore. 

Other Premium Ventures 

Hamleys reported revenue of ₹588 crore in FY26, up 11% from a year earlier. Reliance GAS Lifestyle recorded sales of ₹139 crore, reflecting a 33% increase. 

Among designer-led businesses, Rahul Mishra reported revenue of ₹68 crore, while the Anamika Khanna venture recorded ₹22 crore. Revenue at Ritu Kumar remained at ₹270 crore, and the Abu Jani Sandeep Khosla partnership reported sales of ₹135 crore. 

Read More: RIL’s FMCG Business Targets Multifold Growth By 2030! 

Conclusion 

The annual report showed higher sales across several Reliance Retail businesses in FY26. While some units continued to report losses, revenue growth was recorded in luxury retail, wholesale operations, and consumer products. 

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