Reliance Industries Limited (RIL) announced a gross revenue of ₹1,071,174 crore (approximately $125.3 billion) for the financial year concluding on March 31, 2025, which represents a year-on-year (Y-o-Y) growth of 7.1%. The company’s EBITDA increased by 2.9% Y-o-Y, reaching ₹183,422 crore (around $21.5 billion), while the net profit after tax and share of associates also grew by 2.9%, totaling ₹81,309 crore (approximately $9.5 billion).
In the fourth quarter of 2025 (Q4), RIL’s gross revenue rose by 8.8% Y-o-Y to ₹288,138 crore (around $33.7 billion), with a net profit increase of 6.4%, amounting to ₹22,611 crore (approximately $2.6 billion). The capital expenditure for the quarter was reported at ₹36,041 crore (about $4.2 billion), while the total capital expenditure for the fiscal year was ₹131,107 crore (roughly $15.3 billion), as indicated in a press release from the company.
In the same fiscal year, Reliance Retail Ventures Limited (RRVL) achieved a gross revenue of ₹330,870 crore (approximately $38.7 billion), reflecting a 7.9% Y-o-Y growth. The company continued its strong profit performance, posting an EBITDA of ₹25,053 crore, which is an increase of 8.6% compared to the previous year. The EBITDA margin on net sales improved to 8.6%, up by 20 basis points Y-o-Y. Depreciation expenses for the year amounted to ₹5,996 crore, marking a 7.7% increase, while finance costs decreased by 4.1%.
During the fourth quarter of FY25, RRVL reported a revenue increase of 15.7% Y-o-Y, reaching ₹88,620 crore (around $10.4 billion). EBITDA from operations rose by 14.6% to ₹6,510 crore, with an operational EBITDA margin of 8.3%. Overall EBITDA reached ₹6,711 crore, a 14.3% increase, while margins stood at 8.5%. The depreciation for the quarter declined by 3.4% to ₹1,402 crore, with finance costs remaining stable.
From an operational standpoint, Reliance Retail expanded significantly, opening 2,659 new stores throughout the year. After adjustments, the total number of stores reached 19,340, covering an area of 77.4 million square feet. The registered customer base increased by 14.8% Y-o-Y to 349 million, and total transactions for the year rose to 1.39 billion, a 10.6% increase. In Q4 alone, 1,085 new stores were launched, leading to 361 million transactions—up 16.1% Y-o-Y. Digital Commerce and New Commerce channels, important growth factors, contributed 18% to total revenue in that quarter.
The Fashion & Lifestyle segment experienced robust growth during local festivals and the wedding season. Trends stores are being upgraded to the digitally enhanced Trends 3.0 format, and proprietary brands like Netplay and Avaasa contributed to a 9% Y-o-Y increase in sales.
Ajio welcomed 1.9 million new customers in Q4 and expanded its offerings by 44% Y-o-Y to 2.4 million products. Same-day and next-day delivery services were launched in 26 cities. The introduction of Shein on Ajio and a successful ‘All Star Sale’ brought in over 600,000 new customers. Premium brands also expanded through omnichannel strategies, with Ajio Luxe increasing its brand portfolio to over 800.
However, margins in the polyester sector fell to their lowest levels in two decades. The average chain margin dropped to $451 per metric ton in FY25 from $518 per metric ton the previous year. PX margins over naphtha saw a decline of 35% due to oversupply, though MEG margins improved by 46% from a low base amidst easing inventories in China.
As highlighted in the Reliance Industries financial report 2025, the company’s strategic initiatives and financial performance demonstrate resilience and growth in a challenging market environment.
