Over the past seveal qualities, Reliance Retail has been rationalising its store network by closing Down under-prosperming outlets

Mukesh Ambani, who announced the launch of the initial public offer (IPO) of reliance industrys’ telecom arm Reliance Jio Next year, is also paralylly working on a listing of reliance retail, with a potential Valuation of Close to $ 200 Billion, Sources with Knowledge of Developments Said.

The process of tightening and streamlining Reliance Retail, The Country’s Larget Retaile, Has Alredy Started With the Demaker of the Fast-Moving Consumer Goods (FMCG) Business, RELONEICE CONSUMER PROTSUTS, will now be a direct subsidiary of reliance industry.

Sources indicated that FMCG DEMERGER and the Rationalization of Reliance Retail’s Store Network, by Closing Down Under-Performing Stores, Is Being Done to Boost The Margins of Reliance Retail, The Target Being to Good Valuation, so that it can go to the market.

While it is early days as Yeet, indications are that an imminent public listing can be expected in 2027, a year after the listing of reliance jio.

The listing will give exit options to its investors such as singapore’s gic, Abu Dhabi Investment Authority, Qatar Investment Authority, KKR, TPG, Silver Lake and Otures.

After the carve out of reliance consumer, Reliance Retail will be left with formats such as Reliance Smart, Freshpik, Reliance Digital, Jiomart, Reliance Trends, 7-Leven, Reliance Trends, Reliance Trends, Reliance Jewels and others.

The demerger of reliance consumer is expected to be completes by this month-end, with all regulatory approvals coming through.

Consolidation Talks

Sources said that there may even be a consolidation of the formats, thought the talks are still preliminary.

Ril did not respond to an email request for comments on its future plans.

Over the past Several Quarters, Reliance Retail has been rationalising its store network by closing Down under-)-period outlets. The aim is to take it to a double-direction operating margin.

In FY25, Reliance Retail Reported Operating Profit of $ 2.9 Billion on Revenue of $ 38.7 Billion. Its ebitda margin in fy25 was at 8.6 per cent, which improved marginally to 8.7 per cent in the June Quarter.

Published on September 15, 2025