Reliance Industries Limited (RIL), India's largest private sector company, reported robust financial results for the first quarter of fiscal year 2026, ended June 30, 2025. The conglomerate's performance was marked by significant growth across its diverse business segments, including digital services, retail, and oil-to-chemicals.

Record-Breaking Financial Performance

RIL achieved its highest-ever consolidated quarterly EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of ₹58,024.00 crore ($6.80 billion), representing a substantial 35.7% year-on-year increase. The company's net profit surged by 76.5% to ₹30,783.00 crore ($3.60 billion) compared to the same period last year.

Strong Growth Across Business Segments

Jio Platforms

Jio Platforms, RIL's digital services arm, continued its impressive growth trajectory. The segment reported a 24% year-on-year increase in EBITDA to ₹18,135.00 crore. Jio's 5G rollout has been particularly noteworthy, with its user base surpassing 200 million subscribers. The company also achieved a significant milestone in fixed broadband, reaching 20 million connected premises.

Reliance Retail

Reliance Retail demonstrated resilient performance with an 11.3% year-on-year increase in gross revenue to ₹84,171.00 crore. The segment's EBITDA grew by 12.7% to ₹6,381.00 crore, maintaining industry-leading margins. The retail arm expanded its store network, adding 388 new stores during the quarter, bringing the total count to 19,592.

Oil to Chemicals (O2C)

The O2C segment showed improvement despite challenging global market conditions. Segment EBITDA increased by 10.8% year-on-year to ₹14,511.00 crore, driven by favorable margins on domestic fuel retail and improvements in transportation fuel cracks.

Strategic Acquisition: Kelvinator Brand

In a separate announcement, Reliance Retail Ventures Limited (RRVL) revealed its acquisition of the iconic Kelvinator brand for the Indian market. This strategic move is set to bolster Reliance Retail's position in the country's growing consumer durables sector.

Kelvinator, known for its pioneering role in electric refrigeration, has been a trusted name in Indian households for decades. The acquisition aligns with Reliance Retail's vision of making high-quality, globally-benchmarked products accessible to every Indian household.

Isha M Ambani, Executive Director of RRVL, commented on the acquisition: "Our mission has always been to serve the diverse needs of every Indian by making technology accessible, meaningful, and future-ready. The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers."

Looking Ahead

With its strong financial performance and strategic moves like the Kelvinator acquisition, Reliance Industries continues to demonstrate its commitment to growth and innovation across multiple sectors. The company's diverse portfolio and focus on emerging technologies position it well for continued success in the evolving Indian and global markets.

As RIL Chairman Mukesh D. Ambani stated, "Reliance has begun FY26 with a robust, all-round operational and financial performance. The performance of our businesses and growth initiatives gives me confidence that Reliance will continue its stellar track record of doubling every 4-5 years."

Reliance Industries , through its subsidiary Reliance Retail, has made a significant move in India's consumer goods sector by acquiring the iconic Kelvinator brand. This strategic acquisition is set to expand Reliance Retail's presence in the appliance market and reshape the landscape of India's consumer durables industry.

A Century-Old Legacy Meets Modern Retail Giant

Kelvinator, a brand with over a century of history, is renowned for pioneering electric refrigeration for home use globally. In India, it gained iconic status in the 1970s and 80s with its memorable tagline, "The Coolest One." The brand continues to be respected for its cutting-edge technology, superior performance, enduring quality, and exceptional value.

Strategic Alignment with Reliance Retail's Vision

This acquisition aligns perfectly with Reliance Retail's mission of democratizing aspirational living. By integrating Kelvinator's rich legacy of innovation with its expansive retail network, Reliance Retail aims to:

• Unlock substantial consumer value
• Accelerate growth in the premium home appliances market
• Make high-quality, globally-benchmarked products accessible to every Indian household

Expanding Consumer Offerings

Isha M Ambani, Executive Director of Reliance Retail Ventures Limited (RRVL), emphasized the significance of this acquisition: "Our mission has always been to serve the diverse needs of every Indian by making technology accessible, meaningful, and future-ready. The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers."

Leveraging Reliance Retail's Ecosystem

With Kelvinator now part of its ecosystem, Reliance Retail is strategically positioned to:

• Accelerate category growth in the consumer durables sector
• Deepen consumer engagement
• Unlock substantial long-term opportunities in India's dynamic consumer durables market

About Reliance Retail

Reliance Retail Ventures Limited (RRVL) operates an integrated omni-channel network of 19,340 stores and digital commerce platforms across various consumption baskets. Key facts about RRVL include:

• Partnerships with over 3 million merchants through its New Commerce initiative
• Consolidated turnover of ₹330,870.00 crore
• EBITDA of ₹25,053.00 crore
• Recognition as the only Indian retailer in the global Top 100 and among the fastest-growing retailers globally, according to Deloitte's Global Powers of Retailing 2023

Acquisition Details

The acquisition of Kelvinator by Reliance Retail is aimed at expanding its presence in India's consumer durables market. This move is expected to accelerate growth in the premium home appliances segment and offer more choices to Indian consumers. While the financial details of the acquisition were not disclosed, it is clear that this strategic move will bolster Reliance Retail's position in the consumer durables sector.

This acquisition reinforces Reliance Retail's ambition to anticipate and meet the evolving demands of Indian consumers, further solidifying its position as a leader in the retail landscape. As the integration unfolds, industry observers will be keenly watching how this strategic move reshapes the consumer durables market in India.