Reliance Retail on Friday reported its slowest profit growth in five quarters for the October-December (Q3FY26) period, at 2.7% year-on-year (yoy) to Rs 3,551 crore, hurt by a split in festive season spending over two quarters. A demerger of the fast-moving consumer goods business under Reliance Consumer Products, which was effective December 1, and GST rate cuts, also contributed to the muted profit growth, the company said in a post-results earnings call. Q3 gross revenue at Rs 97,065 crore, grew 8.1% yoy and was the highest-ever for the company. At the net level though, Q3 revenue while coming in at 9.2% yoy at Rs 86,951 crore, was still the slowest in four quarters. Q3 earnings before interest tax depreciation and amortisation (Ebitda) growth came in at 2.1% yoy, slowest in five quarters, at Rs 6,770 crore.