Reliance margins slip, Trent Zudio scales, Lenskart flagship lands

Delhi desk, 31 Oct dawn. Q2 prints dominate the tape after festive calendar shift. Store counts and quick-commerce bets set the P&L tone for the week ahead.

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Retail
Reliance profit drops 24% adds 303 stores
Q2 net at ₹2,611 crore as digital spend and calendar shift hit margins.
Retail
Trent profit up 25% Zudio reaches 999
Revenue hits ₹5,873 crore as value chain and Star grocery drive growth.
Retail
Lenskart opens evolv flagship in Worli
First concept store pairs AI testing with fashion-led design in Mumbai.
Ecommerce
JioMart revenue surges 42% in Q2
Bigger baskets and wider store network power hyper-local growth.
Platforms
Festive delay hits quick-commerce margins
Reliance print shows the real P&L cost of building speed before the peak.
Retail
Reliance shuts last 7-Eleven outlets
One-time ₹108 crore impairment hits Q2 as convenience format exits India fully by September end.

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