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Reliance Retail Returns to Steady Growth with ₹10,000+ per Sq. Ft. Productivity

After two years of decline, Reliance Retail’s revenue per square foot has stabilized around ₹10,000 - a sign of efficiency gains and a stronger product mix across formats. The post-FY25 uptick points to renewed consumer momentum and higher store-level productivity.

,   and  Datum Intelligence
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Table of Contents

Reliance Retail’s revenue productivity per square foot stood at ₹10,200 in Q2 FY26, steady from the previous quarter and up from the lows of FY25 (₹8,300).

After peaking at ₹13,100 in Q3 FY22, revenue per sq. ft. moderated amid rapid store expansion and a shift in category mix toward essentials and low-ticket formats.

Retail revenue per square foot grew 7% quarter-on-quarter in Q2 FY26, reflecting stronger festive demand and improved store productivity.

What It Means

  • The data indicates a phase of normalization, as Reliance Retail transitions from premium-heavy stores to a more diversified retail footprint across grocery, fashion, and digital.
  • The stabilization around ₹10,000 per sq. ft. signals improving operational efficiency, particularly in mature store clusters.
  • The rebound in FY26 reflects a recovery in discretionary spending, supported by festive demand and premium format performance (Trends, Smart Bazaar, JioMart Digital).

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