Reliance Retail Ventures crossed Rs 9.8 lakh crore in market cap to overtake D-Mart owner Avenue Supermarts and become India most valued listed retail company for the first time. The milestone reflects how Reliance has leveraged its Jio telecom ecosystem and supply chain to expand at a pace its traditional brick-and-mortar rival struggles to match. Reliance Retail now operates over 18,700 stores across JioMart, Smart Bazaar, and Trends in 7,000 towns.
Quarterly revenue surpassed Rs 75,000 crore for the first time in Q2. Analysts noted D-Mart same-store sales growth of 18.4% still exceeds Reliance Retail 11.2%, suggesting Radhakishan Damani-founded chain retains structural advantage in value retail efficiency. Competition between the two giants is driving down prices and improving product quality for consumers across urban and rural India.