🚀 Business & Startups🇮🇳 India
Reliance Retail Profit Falls 14% as Quick Commerce Push Squeezes Margins
mint - companies·Sunday, 19 July 2026
Reliance Retail Ventures reported a 14% drop in net profit for Q1, even as FMCG revenue doubled. The company's EBITDA margin declined 80 basis points, with quick commerce expansion via JioMart cited as a key cost pressure. The company said JioMart will be its primary growth lever for the next four quarters.
Why It Matters
Reliance Retail is India's largest retailer. Its struggle to balance growth and profitability in quick commerce directly reflects the fierce battle playing out in your grocery delivery app.
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