Reliance Industries Limited (RIL), India's largest private sector conglomerate, has reported robust performance across its diverse business segments for the first quarter. The company's strategic investments in technology, retail, and new energy sectors are showing promising results, positioning it for sustained growth in the coming years.

Financial Highlights

RIL reported a 6% year-on-year increase in consolidated revenue, reaching ₹2,31,132.00 crore. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant jump of 36% to ₹58,000.00 crore. Notably, even after excluding a one-time gain of ₹8,924.00 crore from the sale of Asian Paints shares, the recurring EBITDA and PAT (Profit After Tax) grew by 15% and 25% respectively.

Jio Platforms: Leveraging Technology for Growth

Jio Platforms Limited (JPL), RIL's digital services arm, continued its strong performance with a 19% year-on-year increase in operating revenue to ₹35,032.00 crore. The company's EBITDA grew by an impressive 24% to ₹18,135.00 crore, with margins expanding by 210 basis points.

Anshuman Thakur, Head of Strategy at Reliance Jio Infocomm Limited, highlighted the company's focus on deep tech and in-house technology stack development. Jio has successfully deployed its own 5G standalone network and is now offering innovative services like Jio Games, Jio AI Cloud, and Jio PC.

Retail: Expanding Reach and Diversifying Offerings

Reliance Retail Ventures Limited (RRVL) reported an 11.3% year-on-year growth in gross revenue to ₹69,948.00 crore. The company's EBITDA increased by 12.7% to ₹6,086.00 crore, with margins improving by 20 basis points to 8.7%.

Dinesh Taluja, CFO & Corporate Development at Reliance Retail, emphasized the company's multi-format, omni-channel strategy. The retail segment saw strong performance in grocery and fashion categories, while the FMCG business doubled its revenue year-on-year.

New Energy: Building a Sustainable Future

RIL is making significant strides in its new energy business, with Karan Suri, Senior Vice President of New Energy, detailing the progress of the company's giga factories in Jamnagar. The integrated ecosystem covers solar, battery, and green hydrogen production, positioning RIL as a leader in sustainable energy solutions.

Oil to Chemicals (O2C): Resilient Performance

The O2C segment demonstrated resilience with improved fuel cracks and polymer margins. Srinivas Tuttagunta, COO of Refining & Marketing, noted that the segment benefited from a healthy demand growth of 0.7 million barrels per day in the refinery sector.

Media and Entertainment: Jio Star's Strong Debut

The newly formed Jio Star, which includes the digital streaming platform Jio Hotstar, reported impressive numbers during the IPL season. Kevin Vaz, CEO of Entertainment at Jio Star, announced that the platform reached 287 million paid subscribers during IPL, solidifying its position as a major player in the Indian streaming market.

Future Outlook

V Srikanth, CFO of Reliance Industries Limited, expressed confidence in the company's ability to double its value by the end of what he termed the "golden decade." He emphasized that RIL's diversified portfolio and strategic investments in technology and sustainable energy position the company for multi-decade growth opportunities.

As Reliance Industries continues to expand and innovate across its business segments, the company remains focused on leveraging its technological capabilities, retail network, and sustainable energy initiatives to drive long-term value creation for its shareholders and contribute to India's economic growth.

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."