August 29th 2025.
At the recent Reliance Industries AGM on Friday, Isha Ambani, Director of Reliance Retail, confidently announced their plans to achieve a compound annual growth rate of 20% over the next three years. She expressed that this growth will be driven by the structural growth tailwinds in the various verticals of the company. Reliance Retail, known as the country's leading retailer, is expanding its online sales and quick-commerce reach with the aim to generate 20% of its revenue from these channels.
During the financial year of 2025, Reliance Retail achieved a milestone of crossing Rs 3.3 lakh crore in revenue. Isha Ambani highlighted that each of the company's largest consumption baskets - grocery, fashion and lifestyle, and consumer electronics - have structural growth tailwinds, making this achievement even more significant. The 48th Annual General Meeting of Reliance Industries Limited was streamed live, showcasing the company's success and future plans.
Isha Ambani, who heads the retail business, stated that these financial milestones are not just numbers, but they are proof of the company's ambition, discipline, innovation, and execution working hand-in-hand to create long-term and sustainable value. She also added that they are confident in their ability to deliver a CAGR of 20% or more in retail revenues over the next three years.
At the same AGM, Mukesh Ambani, Chairman of Reliance Industries, confirmed the launch of Jio IPO in 2026, with a big reveal planned for the 48th AGM. Additionally, Isha Ambani mentioned the demerger of Reliance Consumer Products Ltd, which handles the FMCG business of the retail division, into a separate company under Reliance Industries. This move is expected to unlock new potentials for the company.
Mukesh Ambani also spoke about the outstanding growth of RCPL, which achieved a turnover of Rs 11,500 crore in just the first year of operations, making it the fastest-growing FMCG company ever. He emphasized that Reliance Retail has the most advanced, scalable, and inclusive retail ecosystem in India, delivering high-quality products at affordable prices across the country. He also mentioned that it is one of the fastest-growing retailers globally, with unparalleled scale and depth.
In the financial year of 2025, Reliance Retail added 2,659 new stores, bringing the total count to 19,340. Isha Ambani highlighted that stores remain the backbone of their retail revenues, contributing around 70%, and they plan to continue growing through high single-digit like-for-like gains, along with the expansion of 2,000-3,000 new stores annually.
She also spoke about JIOMart, which is leading in hyperlocal quick commerce by utilizing their vast store network, strategically located dark stores, and deep consumer data to provide faster and more reliable deliveries than any competitor. Currently, the online channels contribute to a high single-digit share of retail revenues, but Isha Ambani believes that it will grow to over 20% within the next three years.
Moreover, Reliance Industries recently announced a ₹15,825 crore infusion into Jio Financial, further strengthening the company. Isha Ambani proudly shared that Reliance Retail processed around 1.4 billion transactions in the last year, which is almost equal to the population of India. This impressive scale reinforces their ability to grow profitably and shows that Reliance Retail is not just participating in India's consumption boom, but they are propelling it forward.
She concluded by saying that the company's disciplined approach and confidence in funding growth through strong internal cash flows make achieving a CAGR of 20%+ not just achievable but also a target they are determined to surpass. Reliance Retail will continue to fuel India's retail story and contribute to the country's growth.
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