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Reliance’s luxury retail arm cuts losses; designer labels lag
Mint Mumbai
|May 29, 2026
Reliance Industries Ltd’s luxury retail business is starting to show operating leverage, helped by growth in premium beauty and global partnerships, even as several Indian designer labels in its portfolio remain loss-making.
Reliance Brands, the retail arm of Reliance Industries, has cut its losses in the luxury segment.
Reliance Brands Ltd (RBL), Reliance Retail’s flagship premium and luxury fashion business that houses over 50 luxury fashion brands reported FY26 revenue of ₹3,494 crore, up 44.6% from a year earlier, while losses narrowed to ₹137 crore from ₹279 crore in FY25, according to the company’s integrated annual report.
During the year, RBL absorbed five subsidiaries and joint ventures, including Genesis Colors and CAA Brands Reliance, bringing several more luxury fashion, designer-label and brand-management operations directly under the flagship company. Denim brand G-Star also moved its business to another company, Ace Turtle.
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