Reliance Industries Ltd. on Friday announced that its jewellery business, Reliance Jewels, has recorded a 52% hike in Average Bill Value amidst volatile gold prices. In the last six months, gold prices have witnessed a steep rise of around 30% in times of global uncertainty, tariff impositions and trade wars.
RIL reported that the contribution of old gold exchange increased to 32.5% compared to 21.9% last year.
Apart from the jewellery business, Reliance Retail Ventures Limited ( RRVL) recorded a quaterly revenue of Rs 90,018 crore, up 18.0% yoy. Led by high festive buying in Q2 FY26, its Grocery and Fashion & Lifestyle businesses grew 23% and 22% yoy respectively.
"We consistently innovate, from curating new collections to creating campaigns that connect with today's Indian consumer, and our focus remains on building brands that inspire and resonate across India," Isha Ambani, Executive Director, said.
Reliance Retail expanded its store network with 412 new store openings, taking the total store count to 19,821 with area under operation at 77.8 million sq. ft. (-2% yoy).
RRVL's registered customer base grew to 369 million in Q2 FY26, with JioMart reporting a significant surge in customer acquisition, reporting an addition of 5.8 million new customers. This represented a qoq growth rate of 120%.
RIL reported that the contribution of old gold exchange increased to 32.5% compared to 21.9% last year.
Apart from the jewellery business, Reliance Retail Ventures Limited ( RRVL) recorded a quaterly revenue of Rs 90,018 crore, up 18.0% yoy. Led by high festive buying in Q2 FY26, its Grocery and Fashion & Lifestyle businesses grew 23% and 22% yoy respectively.
"We consistently innovate, from curating new collections to creating campaigns that connect with today's Indian consumer, and our focus remains on building brands that inspire and resonate across India," Isha Ambani, Executive Director, said.
Reliance Retail expanded its store network with 412 new store openings, taking the total store count to 19,821 with area under operation at 77.8 million sq. ft. (-2% yoy).
RRVL's registered customer base grew to 369 million in Q2 FY26, with JioMart reporting a significant surge in customer acquisition, reporting an addition of 5.8 million new customers. This represented a qoq growth rate of 120%.
You may also like
India was not born in 1947; this nation and civilization are the result of 5,000 years of penance: Assam CM Himanta Biswa Sarma
Rajasthan weather for October 18: Nights will be cold on Diwali, Sikar was the coldest, know weather updates
Both claim victory: Trump urges Russia, Ukraine to 'stop' war after Zelensky meeting
Priyanka Chopra gives her skin the much-needed help after covering 3 continents within 5 days
Supernanny star praises Prince William and Princess Kate for major reason
