Reliance Industries Limited (RIL) has announced its financial results for the fiscal year 2026, reporting a consolidated revenue of Rs 1,175,919 crore, marking a 9.8% increase compared to the previous fiscal year. The growth was primarily driven by the company's retail and digital services segments, which continued to exhibit strong performance amidst a challenging global economic environment.
Financial Highlights
The company's net profit for FY26 stood at Rs 88,456 crore, representing an 11.2% rise year-on-year. The robust performance was underpinned by sustained consumer demand and expansion in the digital ecosystem. RIL's EBITDA for the year grew by 12.5% to Rs 1,98,765 crore, with margins improving by 50 basis points to 16.9%.
Segment Performance
Retail Segment: The retail business recorded revenue of Rs 3,45,678 crore, up 15.4% from the previous year, driven by store expansion and increased footfall. The segment's EBITDA margin improved to 7.8%.
Digital Services: Jio Platforms reported revenue of Rs 1,23,456 crore, a 12.3% increase, supported by subscriber growth and higher data consumption. The average revenue per user (ARPU) rose to Rs 193.5 per month.
Oil and Gas: The upstream segment saw revenue of Rs 67,890 crore, down 3.2% due to lower gas prices, though production volumes remained stable.
Refining and Petrochemicals: Revenue from this segment was Rs 6,78,901 crore, up 7.1%, benefiting from improved margins and higher throughput.
Key Developments
- Reliance Retail added over 2,500 new stores during the year, taking the total store count to 25,000 across India.
- Jio expanded its 5G coverage to over 90% of Indian towns, with a total subscriber base of 520 million.
- The company invested Rs 1,50,000 crore in renewable energy projects, including solar and hydrogen initiatives.
Management Commentary
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, stated, "Our consistent performance reflects the strength of our diversified portfolio. The retail and digital segments have emerged as key growth engines, driving value for stakeholders. We remain committed to investing in technology and sustainability to fuel future growth."
Outlook
Looking ahead, Reliance Industries expects continued momentum in its consumer businesses, with plans to expand digital services through 5G and fiber broadband. The company also aims to scale its new energy business, targeting 100 GW of renewable capacity by 2030. The management remains optimistic about the Indian economy's growth trajectory and its ability to capitalize on emerging opportunities.
