Reliance Industries Limited reported record consolidated revenues of ₹11,75,919 crore and a net profit of ₹95,754 crore for the financial year ended March 31, 2026 (FY26), despite global volatility. The company achieved a record EBITDA of ₹2,07,911 crore, doubling from ₹97,580 crore in FY21, supported by the rapid scaling of its Retail and Digital businesses. Chairman Mukesh D. Ambani also announced that the Board of Jio Platforms has approved the Draft Red Herring Prospectus, which will be filed with SEBI, marking a significant step towards the subsidiary's initial public offering.

The company’s capital expenditure for FY26 stood at ₹1,44,271 crore, contributing to a five-year total investment of ₹6,48,428 crore. Reliance Industries contributed ₹2,16,472 crore to the national exchequer during the year, with cumulative contributions exceeding ₹9.78 lakh crore over the last five years. The company’s exports reached ₹2,78,808 crore, representing 6.7% of India’s total merchandise exports.

Financial Performance

The Retail and Digital segments contributed nearly half of the consolidated EBITDA for FY26. Reliance Retail achieved a gross revenue of ₹3,70,026 crore, while Jio Platforms reported revenue of ₹1,46,885 crore. The company’s credit ratings were upgraded to A- by S&P and Baa1 by Moody's, both two notches above India's sovereign rating.

Digital Services and AI

Jio Platforms' user base crossed 524 million, with 5G subscribers reaching 268 million. The company’s data traffic grew 30.8% year-on-year to 241 exabytes. Reliance Intelligence, the company’s new AI growth engine, is building a sovereign AI backbone in Jamnagar powered by clean energy. The first phase of 120 megawatts is expected to be commissioned by the end of 2026, utilizing NVIDIA GB300 GPUs.

New Energy and Manufacturing

The New Energy business transitioned from construction to commissioning during the year, with nearly 1 GW of Heterojunction Technology solar modules produced. The company is scaling its battery energy storage system capacity to 120 GWh annually. Reliance signed a USD 3 billion long-term supply agreement with Samsung C&T for green ammonia. In the Oil-to-Chemicals segment, revenue grew 5.7% to ₹6,62,401 crore, while EBITDA increased 10.1% to ₹60,546 crore.

Reliance Industries has laid out a sweeping growth agenda spanning clean energy, consumer goods, and international trade, with its Co-Chairman outlining plans that position the conglomerate for significant global expansion. The announcements cover three distinct but interconnected strategic priorities that reflect the company's ambitions across multiple business verticals.

CBG Business Poised to Lead Global Bioenergy Sector

The Co-Chairman stated that the company's Compressed Biogas (CBG) business is set for substantial expansion, with the stated objective of becoming the largest bioenergy company worldwide. CBG, derived from organic waste through anaerobic digestion, represents a growing segment within the broader clean and renewable energy landscape. This expansion signals Reliance Industries' intent to establish a dominant position in the global bioenergy market, building on its existing investments in the sector.

FMCG Segment to Broaden International Presence

Alongside its energy ambitions, the Co-Chairman indicated that the company's FMCG sector is set to expand into more global markets. This move reflects a strategic push to take Reliance's consumer goods portfolio beyond its current footprint and compete on an international stage. The expansion into additional geographies would diversify the FMCG business's revenue base and reduce dependence on any single market.

$125-$150 Billion Export Target by 2032

One of the most notable announcements is the company's export ambition. The following table summarises the key strategic targets outlined by the Co-Chairman:

Reliance Industries aims to achieve $125-$150 billion in exports by 2032, a target that underscores the scale of the company's international trade aspirations. This figure encompasses the company's broader ambition to significantly grow its export revenues across its diversified business segments over the coming years.

Strategic Priorities at a Glance

The Co-Chairman's statements collectively highlight three core areas of focus:

• Bioenergy Leadership: Scale the CBG business to achieve the position of the world's largest bioenergy company
• Global FMCG Expansion: Enter and grow in additional international markets with the FMCG portfolio
• Export Growth: Drive exports to $125-$150 billion by 2032

These strategic directions reflect Reliance Industries' intent to leverage its diversified business model to capture opportunities across clean energy, consumer goods, and global trade, positioning the company for long-term international relevance.