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India's Reliance FY25 revenue up 7.1%, retail posts robust growth

26 Apr '25
3 min read
India's Reliance FY25 revenue up 7.1%, retail posts robust growth
Pic: NiAk Stock / Shutterstock.com

Insights

  • Reliance Industries has reported a 7.1 per cent revenue rise to ₹1,071,174 crore (~$125.3 billion) in FY25, with EBITDA and net profit up 2.9 per cent.
  • Reliance Retail grew revenue 7.9 per cent to ₹330,870 crore, with a strong 8.6 per cent EBITDA rise.
  • It added 2,659 stores and 349 million customers.
  • Ajio expanded 44 per cent in portfolio, while fashion sales thrived.
Reliance Industries Limited (RIL) has reported a gross revenue of ₹1,071,174 crore (~$125.3 billion) for the financial year ended March 31, 2025, marking a 7.1 per cent year-on-year (Y-o-Y) increase. EBITDA rose 2.9 per cent Y-o-Y to ₹183,422 crore (~$21.5 billion), while net profit after tax and share of associates grew by 2.9 per cent to ₹81,309 crore (~$9.5 billion).

For the January–March 2025 quarter (Q4), RIL’s gross revenue climbed 8.8 per cent Y-o-Y to ₹288,138 crore (~$33.7 billion), with net profit up 6.4 per cent to ₹22,611 crore (~$2.6 billion). Capital expenditure stood at ₹36,041 crore (~$4.2 billion) for the quarter and ₹131,107 crore (~$15.3 billion) for the full year, the company said in a press release.

Reliance Retail Ventures Limited (RRVL) recorded a gross revenue of ₹330,870 crore (~$38.7 billion) in FY25, marking a 7.9 per cent Y-o-Y growth. The company continued its strong profit trajectory, reporting an EBITDA of ₹25,053 crore, up 8.6 per cent over the previous year. EBITDA margin on net sales improved to 8.6 per cent, up by 20 basis points Y-o-Y. Depreciation for the year stood at ₹5,996 crore, a 7.7 per cent rise, while finance costs declined by 4.1 per cent.

In the fourth quarter of FY25, RRVL reported a 15.7 per cent Y-o-Y revenue growth to ₹88,620 crore (~$10.4 billion). EBITDA from operations rose 14.6 per cent to ₹6,510 crore, with an operational EBITDA margin of 8.3 per cent. Overall EBITDA reached ₹6,711 crore, up 14.3 per cent, with margins at 8.5 per cent. Depreciation during the quarter decreased by 3.4 per cent to ₹1,402 crore, while finance costs remained stable.

Operationally, Reliance Retail expanded its footprint with 2,659 new store openings during the year. After rationalisation, the total number of stores stood at 19,340, covering 77.4 million square feet. The company’s registered customer base surged 14.8 per cent Y-o-Y to 349 million, and the total number of transactions for the year rose to 1.39 billion, a 10.6 per cent increase. In Q4 alone, 1,085 new stores were opened, and 361 million transactions were recorded—up 16.1 per cent Y-o-Y. Digital Commerce and New Commerce channels, which remain key growth drivers, contributed 18 per cent to total revenue during the quarter.

The Fashion & Lifestyle segment maintained strong momentum during local festivals and wedding season. Trends stores are being upgraded to the digitally enabled Trends 3.0 format. Own brands like Netplay and Avaasa drove a 9 per cent Y-o-Y growth in contribution.

Ajio added 1.9 million customers in Q4 and expanded its portfolio by 44 per cent Y-o-Y to 2.4 million options. Same-day and next-day delivery was introduced in 26 cities. The launch of Shein on Ajio and a successful ‘All Star Sale’ added over 600,000 new customers. Premium brands expanded through omni-channel strategies, with Ajio Luxe growing its portfolio to over 800 brands.

Margins in the polyester chain fell to two-decade lows. Average chain margin declined to $451/MT in FY25 from $518/MT a year earlier. PX margins over naphtha dropped 35 per cent due to oversupply, though MEG margins improved 46 per cent from a low base amid easing Chinese inventories.

ALCHEMPro News Desk (KD)

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