Reliance Retail's FY26 profit lift driven by ₹40,000 cr loan-to-OFCD swap, not operations
RRVL's ₹3,503 cr profit jump to ₹13,476 cr came almost entirely from converting interest-bearing parent loans into zero-coupon OFCDs, cutting finance costs to ₹1,510 cr from ₹4,725 cr. The optical clean-up arrives ahead of an eventual retail listing, with RIL holding 83.56% and the chain spanning 3,100 stores across 1,200 cities.
Reliance Retail's FY26 profit jump of ₹3,503 cr was driven almost entirely by converting ₹40,000 cr of interest-bearing parent loans into zero-coupon OFCDs, slashing finance costs and shoring up financials ahead of an eventual retail listing.