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
Gardeners must rake lawn in October for important reason
Afghanistan exits series with Pak after killing of 3 cricketers
Martin Lewis picks best Cash ISA to open now before cuts
Zaira Wasim says 'Qubool Hai', drops first photos post nikah
The Conjuring: Last Rites OTT release in India. Horror movie is available for streaming, but with a twist
