Net Profit of Russia's Top 50 Retailers Fell Threefold — to 215 Billion Rubles

The net profit of Russia's 50 largest retailers nearly tripled in decline for 2025 — from 587 billion to 215 billion rubles. This is reported by Vedomosti, citing the companies' financial statements. Revenue, meanwhile, grew: there is growth, but margins are falling.

What Do the Numbers Say?

The combined revenue of the top 50 increased by 8.3% — from 18.2 trillion to 19.7 trillion rubles. But the growth proved highly uneven:

• The top 10 gained 11.4% — to 13.8 trillion rubles.
• The other 40 companies increased revenues by only 5%.

The gap between the leaders and the rest of the market continues to widen. Large chains are growing revenue twice as fast.

Who Leads in Revenue?

The country's five largest retailers look like this:

• X5 — growth of 19%, from 3.9 trillion to 4.6 trillion rubles; over the year the chain added 2.8 thousand points of sale;
• Magnit — up 15%, to 3.5 trillion rubles; 1.9 thousand new locations opened;
• Mercury Retail — up 20%, to 1.7 trillion rubles;
• Lenta — up 24%, to 1.1 trillion rubles;
• DNS — up 3%, to 796 billion rubles.

Who Grew the Fastest?

The growth leader is the cosmetics retailer Zolotoye Yabloko (Golden Apple). Its revenue jumped 32% — from 156 billion to 205 billion rubles. This is the best result among all ranking participants, significantly outpacing the growth rates of the grocery giants.