Reliance Retail’s growth trajectory is expected to rebound in the December quarter, according to industry reports.

Reliance Retail, India’s largest organized retailer, is expected to return to growth in the third quarter of the current financial year, driven by festive demand, according to sector analysts. Goldman Sachs, Bernstein, and CLSA have all previewed Reliance Retail’s earnings, citing improved discretionary spending and a return to growth. Goldman Sachs expects a 5% year-on-year sales growth in Q3, while Bernstein sees mid-single-digit sales growth in FY25 starting with the third quarter. The analysts also predict an improvement in like-for-like growth for Reliance Retail’s jewelry and quick-service restaurants businesses. Additionally, Reliance Retail is expected to maintain a cautious store addition strategy, with a focus on rationalizing costs and closing unprofitable stores. The company has already scaled back its store additions in Q2, closing 436 unprofitable stores and focusing on its quick commerce pilot under JioMart. With over 19,000 outlets and nearly 80 million square feet of operation, Reliance Retail is expected to emerge from its period of consolidation, driven by strong demand and a focus on profitability.