$RELIANCE

Reliance Retail is planning to aggressively expand its JioMart quick commerce business over the coming quarters, with a focus on increasing sales in grocery, electronics, and lifestyle products. The company aims to strengthen its dark-store network while maintaining disciplined growth by closely monitoring profitability, customer demand, and operating costs. According to Chief Financial Officer Dinesh Taluja, the company expects JioMart to benefit from economies of scale over the next two years, leading to improved margins and stronger cash generation. During the June quarter, JioMart's average daily orders jumped 116% year-on-year, while its active seller base increased 26%. The platform currently serves more than 5,500 pin codes and has connected over 2,500 digital, fashion, and lifestyle stores to its two-hour delivery network. Reliance Retail also plans to increase the share of its private-label products and improve monetisation through a better product mix and marketplace income. Despite strong growth in digital commerce, Reliance Retail's EBITDA margin declined to 7.9% from 8.7% a year earlier due to higher investments in expanding its quick commerce business. The company said future expansion will remain measured and focused on micro-markets with clear profitability potential. JioMart faces intense competition from Blinkit, Zepto, Swiggy Instamart, Flipkart Minutes, Amazon Now, and BigBasket as India's quick commerce market continues to grow rapidly.