Reliance Retail's luxury arm RBL jumps 45% to ₹3,494 cr in FY26, losses halve
RBL sales hit ₹3,494 cr (+45% YoY) with net loss narrowing 51% to ₹137 cr after store rationalisation. Metro C&C grew 13% to ₹12,094 cr but slipped to a ₹39 cr loss. Demerged FMCG arm RCPL doubled to ₹22,000 cr gross revenue, with Campa at ₹4,700 cr and Independence ₹2,600 cr. Group gross revenue rose 12% to ₹3.71 lakh cr.
What happened
Reliance Retail's luxury arm RBL grew 45% to ₹3,494 cr in FY26 with losses halved to ₹137 cr after store rationalisation. Metro C&C sales rose 13% but slipped
Key facts
- RBL sales ₹3,494 cr +45% YoY
- RBL net loss ₹137 cr -51%
- Metro C&C sales ₹12,094 cr +13%
- Metro net loss ₹39 cr
- RCPL FY26 gross revenue ₹22,000 cr 2x
- RCPL 4-month sales ₹7,042 cr loss ₹125 cr
- Campa ₹4,700 cr
- Independence ₹2,600 cr
- Reliance Retail gross revenue ₹3,71,085 cr +12%
- Hamleys ₹588 cr +11%
- GAS Lifestyle ₹139 cr +33%
Why this matters
RCPL's breakout scale validates aggressive private-label and acquisition plays in FMCG, while RBL's narrowing losses suggest the luxury portfolio is approaching a window where bolt-on brand acquisitions become accretive rather than dilutive.