Reliance Retail Q3 Profit Rises 2.7% as FMCG Business Reports Strong Growth

Reliance Retail reported a 2.7% rise in Q3 net profit to around Rs 3,551 crore, with revenue increasing 8% to Rs 97,605 crore, driven by festive demand and expanded store network. EBITDA was Rs 6,915 crore, impacted by discounts, investments, and the new Labour Code. The FMCG business, demerged as Reliance Consumer Products Ltd in December, posted Rs 5,065 crore revenue, up 60%, with strong brand growth and expansion plans. The company emphasized innovation and customer engagement amid a shifting retail landscape.