Reliance Industries posts Rs 30,783 cr revenue in Q1, retail and monetary arms gas sturdy begin to FY26

Reliance Industries Ltd (RIL) started the fiscal 12 months 2026 with a placing 76.5 p.c year-on-year improve in internet revenue to Rs 30,783 crore, considerably pushed by a one-time acquire of Rs8,924 crore from the sale of its stake in Asian Paints. Even after excluding this distinctive acquire, RIL’s recurring revenue grew by a sturdy 25 p.c, highlighting the power of its core companies, in accordance with Moneycontrol.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, highlighted the resilience of the conglomerate within the face of world macroeconomic challenges. “Reliance has begun FY26 with a sturdy, all-round operational and monetary efficiency,” he said. Ambani attributed this efficiency to sturdy earnings from consumer-facing segments and operational agility regardless of exterior volatility.

Income and operational effectivity

RIL’s consolidated income climbed 6 p.c to Rs 2.73 lakh crore, reflecting progress throughout its key verticals, significantly in retail and digital companies. The corporate’s EBITDA jumped 36 p.c to Rs 58,024 crore from Rs42,748 crore in Q1FY25. The EBITDA margin rose sharply to 21.2 p.c from 16.6 p.c within the year-ago interval, marking a 460 foundation factors enchancment.

The Financial Instances additional reported that RIL’s gross income stood at Rs 2.73 lakh crore, or $31.9 billion, showcasing the group’s increasing income base in each established and rising sectors.

Jio Platforms: Continued digital dominance

Jio Platforms reported a 25 p.c year-on-year improve in internet revenue, reaching Rs 7,110 crore. Its EBITDA rose practically 24 p.c to Rs 18,135 crore, aided by sturdy subscriber additions and rising consumer engagement. Internet subscriber additions throughout the quarter stood at 9.9 million, bringing the whole consumer base to 498.1 million.

The enlargement of JioTrue5G performed a pivotal position, with 5G subscribers surpassing 200 million. As well as, JioAirFiber emerged as the most important fastened wi-fi entry (FWA) service globally, reaching 7.4 million subscribers.

Akash M Ambani, Chairman of Reliance Jio Infocomm, remarked, “We have now delivered a milestone quarter at Jio with our 5G and House subscriber base crossing the 200 million and 20 million marks respectively.”

Common income per consumer (ARPU) improved to Rs208.8, attributed to current tariff revisions and seasonal upticks. Whole knowledge consumption rose 24 p.c year-on-year to 54.7 billion GB, with per capita knowledge utilization climbing to 37 GB per 30 days.

Reliance Retail continued its upward trajectory, with income rising 11.3 p.c year-on-year to ₹84,171 crore. EBITDA for the retail arm surged 12.7 p.c to Rs 6,381 crore. The patron manufacturers phase, below the FMCG portfolio, registered Rs 11,450 crore in gross sales—a powerful feat for its second 12 months of operation.

The retail footprint expanded with 388 new retailer openings throughout the quarter, pushing the whole to 19,592 shops throughout 77.6 million sq. ft. Reliance Retail’s registered buyer base grew to 358 million, and whole transactions elevated 16.5 p.c to 389 million.

JioMart’s hyperlocal supply phase witnessed a 68 p.c sequential rise so as volumes and a staggering 175 p.c year-on-year improve in day by day orders, underlining the platform’s rising traction.

“Reliance Retail delivered resilient efficiency throughout this quarter pushed by our relentless deal with operational excellence, geographical enlargement and sharper product portfolio,” stated Isha M Ambani, Government Director, Reliance Retail Ventures Restricted.

The JioStar media and leisure division clocked gross income of Rs 11,222 crore and EBITDA of Rs 1,017 crore, largely pushed by the profitable IPL season. JioHotstar surpassed 1 billion app downloads on Android, with mixed TV and streaming viewership hitting a document 1.19 billion. Month-to-month lively customers averaged over 460 million, emphasising the platform’s attain and relevance in India’s evolving leisure panorama.

Oil-to-chemicals and vitality face strain however keep resilient

Income from RIL’s oil-to-chemicals (O2C) enterprise dipped 1.5 p.c to Rs1.55 lakh crore as a result of declining crude oil costs and deliberate shutdowns. Nevertheless, the phase’s EBITDA rose 11 p.c to Rs14,511 crore, supported by beneficial margins in home gas retail and improved spreads in transportation fuels like polypropylene and polyvinyl chloride.

Chairman Mukesh Ambani pointed to vitality market uncertainty throughout the quarter, noting, “Our O2C enterprise delivered sturdy progress, with thrust on home demand fulfilment and providing value-added options via Jio-bp community.”

Reliance BP Mobility expanded its retail gas community to 1,991 shops, rising sooner than the business common. These home placements helped offset international headwinds, showcasing the power of the corporate’s localised technique.

Oil & fuel phase faces headwinds

The oil and fuel phase skilled a income drop of 1.2 p.c year-on-year to Rs6,103 crore, whereas EBITDA declined 4.1 p.c to Rs4,996 crore. This efficiency was impacted by diminished KG-D6 manufacturing, decrease CBM costs and elevated maintenance-related bills. However, improved worth realisation from the remaining KG-D6 fuel output supplied some cushioning.

The Financial Instances highlighted that the decrease fuel gross sales have been primarily as a result of pure manufacturing decline and weaker worth realisation for coal mattress methane and crude oil.

Capital allocation and debt place

RIL reported capital expenditure of Rs 29,887 crore for the quarter. Internet debt rose marginally from Rs 1,17,083 crore on the finish of March to Rs 1,17,580 crore by June 30, indicating a steady monetary posture regardless of ongoing investments throughout segments.

Outlook and strategic course

Mukesh Ambani emphasised RIL’s dedication to innovation and customer-centric progress. He reiterated the corporate’s imaginative and prescient of constructing a digitally empowered India via inclusive progress in retail, digital companies and vitality transition. “Our Digital Companies enterprise consolidated its market place with a sturdy monetary and operational efficiency,” Ambani stated.

With shopper companies gaining vital mass, continued funding in digital infrastructure and a steady oil-to-chemicals basis, RIL seems poised for sustained momentum within the quarters forward. The Q1FY26 outcomes underline a balanced method—leveraging scale, tech-driven efficiencies and strategic foresight throughout all verticals.

RIL shares outperform market

RIL’s inventory has climbed 22 p.c to this point in 2025, considerably outperforming the NSE Nifty 50 Index, which has gained simply 6 p.c. This marks the corporate’s strongest relative efficiency in 5 years. With $40 billion added to its market capitalisation this 12 months, RIL has contributed practically a 3rd of the Nifty’s whole worth addition.

Based on a Bloomberg report, analysts attribute this rally to improved refining margins and continued power in its telecom and retail companies.

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