Reliance Retail Q1 FY27 revenue up 7.4% to ₹90,409 crore as JioMart orders more than double
Digital transactions surged with JioMart daily orders up 116% and 568 million transactions, but EBITDA margin contracted 80bps to 7.9% amid the digital commerce scale-up. The retailer opened 252 new stores, taking its footprint to 20,169.
What happened
Reliance Retail Q1 FY27 revenue rose 7.4% to ₹90,409 crore as JioMart orders doubled and digital transactions surged, but EBITDA margin contracted 80bps to 7.9%
Key facts
- revenue ₹90,409 crore
- up 7.4%
- EBITDA ₹6,309 crore down 1.1%
- margin 7.9% down 80bps
- EBIT ₹4,529 crore down 6.9%
- JioMart daily orders up 116%
- transactions 568 million
- 396 million registered customers
- 20,169 stores
- 252 new stores
- Shein installs 30 million
Why this matters
The 252 new store additions to a 20,169-strong footprint alongside surging digital transactions strengthens Reliance Retail's omnichannel platform and negotiating leverage for supplier, logistics, and last-mile partnerships.
What to watch
- Q2 FY27 EBITDA margin trajectory — recovery to 8%+ vs further compression
- JioMart order growth sustainability once base effect normalizes
- Same-store sales growth for physical footprint
- Competitor discounting intensity in quick-commerce
- RIL consolidated commentary on retail profitability targets
- Watch for management commentary framing margin dip as deliberate reinvestment rather than structural erosion
- Expect accelerated quick-commerce buildout to counter Blinkit/Zepto in metros
- Anticipate JioMart integration deepening with Jio telecom base for customer acquisition leverage
- Look for capex guidance on fulfillment centers vs physical store split