Reliance Industries Reports Record Performance Amid Global Challenges; Drives Strategic Focus on AI and New Energy

Reliance Industries Reports Record Performance Amid Global Challenges; Drives Strategic Focus on AI and New Energy​

Reliance Industries Limited reported a record-high performance across multiple business verticals for Fiscal Year 2026, maintaining strong growth amid global volatility. The Chairman’s statement at the Forty-ninth Annual General Meeting highlighted the company's commitment to national development, massive capital expenditure, and accelerated transitions into digital infrastructure and green energy technologies.

The conglomerate achieved substantial financial milestones, driven by robust scaling in Retail and Digital services, while aggressively investing in next-generation capabilities across its core businesses.

Consolidated Financial Highlights FY26​

Reliance posted consolidated revenues of ₹1,175,919 crore ($124.0 billion), marking a 9.8% increase year-on-year. The company's commitment to growth was underscored by significant investment and high export contribution.

Key financial metrics for the consolidated entity include:


Over the last five years, Reliance’s capital expenditure stood at a massive ₹6,48,428 crore or over $68.4 billion, contributing nearly one-third of the total capital invested by India's Top-50 corporates. Furthermore, the company contributed ₹2,16,472 crore ($22.8 billion) to the national exchequer, crossing a cumulative contribution of over ₹9.78 lakh crore in five years.

Performance across Key Business Verticals​

The conglomerate’s diverse businesses demonstrated resilience and marked growth:

Digital Services (Jio):
Reliance reported significant scale and financial results from Jio Platforms. The user base crossed 524 million, with the 5G subscriber count reaching 268 million—the largest for any single-country operator outside China. Fixed broadband operations saw 13 million connected homes via JioAirFiber. Financially, Jio Platforms recorded revenue of ₹1,46,885 crore ($15.5 billion), a 14.6% increase year-on-year. EBITDA reached ₹76,255 crore ($8.0 billion), showing an 18.8% growth and an improved margin of 51.9%. For the first time, Profit After Tax exceeded ₹30,000 crore ($3.2 billion).

Retail Business:
The Retail segment achieved a gross revenue of ₹3,70,026 crore ($39.0 billion), up 11.8% year-on-year. EBITDA reached ₹27,033 crore ($2.9 billion), achieving 3.4 times the performance of its nearest competitor. The company expanded to operate 20,160 stores across 78 million square feet, with a registered customer base reaching 387 million, an 11% increase.

Oil-to-Chemicals (O2C):
The O2C business reported revenue of ₹6,62,401 crore ($69.8 billion), reflecting a 5.7% rise, and EBITDA of ₹60,546 crore ($6.4 billion), up 10.1%. The operations showcased resilience against market volatility during the period.

New Energy:
The New Energy business is positioned as a generational undertaking to achieve energy security in India. Solar PV cell and module manufacturing lines have been commissioned, with nearly 1 GW of Heterojunction Technology (HJT) modules produced. Reliance plans to scale up battery manufacturing to 120 GWh of annual capacity. The Kutch renewable energy hub is being developed to deliver round-the-clock power at gigawatt scale, combining solar and battery storage systems.

Consumer Products Business (RCPL):
RCPL achieved gross revenue of ₹22,000 crore ($2.3 billion), doubling its revenue in a single year. The brand Campa was noted as India's fourth-largest carbonated soft-drinks brand, reflecting the company’s growth into global markets.

Digital Transformation and Strategic Initiatives​

The focus on digital innovation spans multiple platforms:

• Reliance Intelligence: The company is building a sovereign AI backbone in Jamnagar to address compute scarcity. Key partnerships include Google AI Pro with Gemini and a joint venture with Meta for LLaMA open-source AI tailored for Indian enterprises.
• Jio’s Future Roadmap: Jio aims to make "AI to everyone, everywhere." This includes rolling out advanced features such as the 'Hey Jio' voice agent into calls—a capability that can transcribe conversations and summarize action items.
• Media & Entertainment: The Media segment reported revenue of ₹34,917 crore ($3.7 billion). Digital platforms saw strong performance, with IPL 2026 reaching over 700 million viewers, and JioHotstar exceeding one billion paid OTT platform downloads in India.

Foundation and Commitment to Nation Building​

Reliance stated that the Foundation has served over 97 million Indians across all states in 16 years. The company secured approval from the Government of Maharashtra to establish a State Private University at its Dronagiri campus, which will focus on AI and emerging technologies. Furthermore, Reliance is working towards developing a world-class medical city in Mumbai's heart with a planned capacity of 1,500 beds.

The O2C business committed to making all the oil processed into chemicals and new materials, aiming for a long-term transformation toward becoming one of the world's leading integrated Energy and Materials company. The conglomerate aims to enable $125 billion to $150 billion in exports by 2032.

RELIANCE Stock Price Movement​

Today, Reliance Industries Limited shares shed 1.25%, settling at ₹1309.5 in post-market trading. The stock experienced intraday volatility, ranging between a high of ₹1338.2 and a low of ₹1305.3 as over 24.8 million shares were traded throughout the day.