Reliance Retail profit falls as festive demand shifts to Q3
Reliance Retail reported Q2FY27 gross revenue growth of 6.4% to ₹91,716 crore, but PAT fell 24.3% to ₹2,611 crore as digital investments, costs and the shifted festive calendar pressured profitability. OI Charts data showed short futures build-up in the listed parent’s shares.
pre-market1 source ↓machine-written, see hownot a recommendation
- RELIANCE close
- ₹1,165
- On the day
- -0.21%
- Futures OI, short build-up
- +1.8%
- Put-call ratio
- 0.66
- Max pain
- ₹1,200
Reliance Retail reported a 24.3% PAT decline to ₹2,611 crore for Q2FY27, from ₹3,451 crore a year earlier. Profit also fell 6.9% sequentially from ₹2,805 crore in Q1FY27. Gross revenue rose 6.4% YoY to ₹91,716 crore, compared with ₹86,169 crore in Q2FY26, despite the absence of major festive occasions during the quarter. The company said the reported revenue growth was adjusted for the demerger of its Consumer Brands business.
The earnings mix was weaker: operating EBITDA declined 11.1% YoY to ₹5,886 crore from ₹6,624 crore. Planned digital-commerce investments, input-cost inflation, higher depreciation and finance costs weighed on profitability. The shift of key festive shopping into the December quarter also delayed seasonal revenue and margin benefits for the retail business 🛍️. The result therefore points to continued revenue expansion, but with near-term pressure on operating leverage and earnings conversion.
The listed parent’s shares closed at ₹1,165 on 30 Oct 2026, down 0.21% on the day, according to OI Charts data. The stock declined 3.6% over five sessions and 2.7% over 20 sessions, while trading near its 52-week low of ₹1,152 recorded on 13 Oct 2026. Volume was 14,753,650 shares. Futures open interest increased 1.8% with a short build-up, and the futures premium stood at 0.50%.
Options positioning shows a put-call ratio of 0.66 for the 23 Nov 2026 expiry, with 24 days remaining. The ₹1,200 call has the largest open interest, while the ₹1,100 put has the largest put open interest. Max pain is at ₹1,200. These levels frame the market’s current positioning, with the lower put-interest zone and the higher call-interest zone providing observable reference points rather than a directional signal.
Investors will focus on Q3 festive sales, whether digital spending begins to generate operating benefits, and whether input-cost and finance-cost pressures ease. The December-quarter update should also show how much of the delayed festive demand converts into revenue and profit for the retail business ⚡.
Source: The Economic Times, 30 Oct 2026
Not investment advice. For informational purposes only.