Reliance Retail Aims for Rs 1 Lakh Crore Revenue by FY30, Eyes Global FMCG Status

Listen to this article in summarized format

Loading...

×

Reliance AGM 2026: Reliance Consumer Products Limited's near-term ambition is to reach Rs 1 lakh crore in revenue by the financial year 2030, announced Executive Director Isha Ambani Piramal at the company's 49th Annual General Meeting. "Our long-term vision is to become one of India's largest FMCG companies on a global scale," she said in her speech.

Catch live updates from Reliance AGM 2026

The company's ambition for the next decade is not simply to be the world’s largest retailer, it is to be the world’s most intelligent, most humane, and most inclusive consumer ecosystem – one that makes a life of quality and dignity an everyday reality for every Indian, said billionare Mukesh Ambani.

Reliance Retail’s rapid expansion took centre stage as Isha Ambani outlined the company's massive footprint:

Transactions: 1.93 billion processed, marking a 39% YoY growth.

Footprint: 20,160 stores spanning 78 million square feet.

Smart Bazaar: Crossed the 1,000-store milestone in one of the world's fastest large-scale rollouts.

Demographics: A significant portion of the network is now dedicated to serving Tier 2 and below markets.

AJIO & Fashion E-Commerce: Scaled 7 times in five years, with average bill value up 23%, average selling price up 17%, and option count hitting 3 million (+22% YoY). The Ajio Rush 4-hour delivery service now blankets 600+ towns.

JioMart & Quick Commerce: Now operating India’s largest quick commerce network via 3,100+ stores across 1,200+ cities and 5,100+ pin codes. Average daily orders surged 3.6 times YoY, with repeat quick commerce orders growing more than six-fold.

Campa achieved Rs 4,700+ crore in gross sales in FY26. It is now India’s fourth-largest carbonated soft-drinks brand.

Live Events

The biggest announcement from the meeting came as Ambani said Jio Platforms' board had approved its draft red herring prospectus (DRHP), with the company set to file the document with market regulator SEBI later today, marking a major step toward the telecom and digital services giant's public listing.

ALSO READ | Reliance Jio eyes India's own satellite broadband network: Akash Ambani

The retail arm continued to see growth across its fashion, grocery and digital commerce businesses. In fashion and lifestyle, Ajio expanded its catalogue and accelerated deliveries through Ajio Rush, while Reliance strengthened its premium portfolio through partnerships with brands including Stella McCartney, Kurt Geiger, Max & Co. and Fabletics.

Reliance AGM 2026 Key Highlights

Grocery business

The grocery business posted growth driven by higher footfalls and expansion across both food and non-food categories. Metro Cash & Carry maintained momentum with a focus on kirana stores and hospitality customers.

JioMart expanded its hyper-local commerce network to more than 3,100 stores covering over 5,100 pincodes across 1,200 cities, supporting faster deliveries and customer acquisition. The company also continued to scale Milkbasket, its subscription-led daily essentials delivery platform.

Reliance, in its Annual report this year, said macroeconomic uncertainty, pressure on discretionary spending, geopolitical disruptions and supply-chain volatility remain key risks for the business.