
EBITDA before a one‑time ₹1.5 crore impairment surged to ₹6,228 crore, up 4% sequentially and 8% YoY, powering a 7.8% margin against a 120‑basis‑point decline, according to the Q2 filing.
The firm opened 303 new stores, bringing the total to 19,947, and expanded its digital footprint with JioMart adding 42% YoY revenue, driven by a 24% rise in average order value, said Executive Director Isha Ambani.
Consumer electronics posted 8% like‑for‑like growth, whereas fashion and lifestyle lagged at 3% LFL rise, underscoring steady omnichannel uptake, noted industry analyst Deven Choksey.
Reliance Retail’s parent, Reliance Industries, projects a 6% YoY revenue rise for the full fiscal year, buoyed by digital commerce scaling, according to the company’s quarterly guidance.
Investors view the modest margin compression as a temporary effect of the festive shift, input‑cost inflation, and investment in B2B, with the firm pointing to margin recovery in the next quarter.