Reliance Posts Record High Revenue in FY26; Accelerating Transition into AI, Green Energy, and Global Materials

Reliance Posts Record High Revenue in FY26; Accelerating Transition into AI, Green Energy, and Global Materials​

Reliance Industries Limited reported record high revenue, EBITDA, and net profit for the fiscal year 2026, despite navigating global economic challenges. The company showcased significant growth across its diverse business verticals, including digital services, retail, consumer products, and energy transition initiatives.

Consolidated revenues stood at ₹11,75,919 crore (approximately $124.0 billion), marking a 9.8% increase year-on-year. EBITDA reached ₹2,07,911 crore (or $21.9 billion) from FY21's figure of ₹97,580 crore. Net profit for the fiscal year was reported at ₹95,754 crore (or $10.1 billion), representing a 17.8% increase over the previous year.

The company’s capital expenditure (capex) stood at ₹1,44,271 crore (approximately $15.2 billion) for FY26. Reliance generated exports amounting to ₹2,78,808 crore (or $29.4 billion), which accounted for 6.7% of India's total merchandise exports for the year. Furthermore, Reliance contributed ₹2,16,472 crore (or $22.8 billion) to the national exchequer.

Digital and Technology Growth at Jio Platforms​

Jio Platforms achieved significant operational and financial milestones in FY26, maintaining its leading position in India's digital space. The board of Jio Platforms approved the Draft Red Herring Prospectus for listing.

Operational highlights across the past decade include:

• User Base: Crosses 524 million, cementing its No. 1 market position.
• 5G Subscribers: Exceeded 268 million, making it the largest single-country operator outside China.
• Fixed Broadband: JioAirFiber recorded 13 million connected homes, establishing it as the world's largest fixed wireless broadband operator.

In terms of financial performance for FY26:

Jio's operational scale saw total data traffic reach 241 exabytes in FY26, a 30.8% increase year-on-year. The company is also focused on expanding its services through JioTrue5G and leveraging AI across platforms like JioBharatIQ, AI Vyapar, and JioKrishiIQ.

Retail Sector Performance and Transformation​

Reliance Retail celebrated two major anniversaries: Jio completing 10 years of digital revolution enablement, and Reliance Retail marking 20 years as a trailblazer in organized retail. In the fourth quarter of FY26, the company crossed 20,000 stores.

The Retail business demonstrated strong financial execution in FY26:

• Gross Revenue: Reached ₹3,70,026 crore (or $39.0 billion), up 11.8% year-on-year.
• EBITDA: Grew by 7.9% to ₹27,033 crore (or $2.9 billion).
• Profit After Tax: Rose by 12% to ₹13,838 crore (or $1.5 billion).

Key operational achievements include:

• Customer Base: Reached 387 million, an increase of 11% year-on-year.
• Transactions Processed: 1.93 billion, up 39% year-on-year, highlighting growth in Quick Commerce.
• Smart Bazaar Network: Crossed 1,000 stores in the Grocery segment.

Consumer Products and Retail Ecosystems​

Reliance Consumer Products Limited (RCPL), which demerged from RRVL in December 2025, reported robust growth, achieving gross revenue of ₹22,000 crore (or $2.3 billion)—a doubling of revenue within four years.

Key performance indicators for RCPL in FY26 include:

• Campa: Achieved gross sales exceeding ₹4,700 crore (or $496 million) and holds a double-digit market share in key markets.
• Independence: Delivered ₹2,600 crore (or $274 billion) in revenue and was recognized as one of India's Most Trusted Brands for FY26.
• Water Segment: RCPL is the third-largest branded water player with Campa Sure.

In retail operations, the company established an advanced manufacturing platform focused on fresh produce and garment production across 21 pan-India clusters. JioMart Digital operates as India's largest mobile distributor, serving over 85% of the addressable retail universe via 1.2 lakh active retail partners.

Energy Transition and Oil-to-Chemicals​

Reliance showcased exceptional resilience in its Oil-to-Chemicals (O2C) business, reporting a revenue increase of 5.7% to ₹6,62,401 crore (or $69.8 billion) and EBITDA growth of 10.1% to ₹60,546 crore (or $6.4 billion) in FY26.

The company continues aggressive investments across its integrated facilities. Projects include:

• A 3 million tonne PTA facility at Dahej aimed at cementing cost-competitive production.
• A Carbon Fibre facility at Hazira set to become one of the world's largest.
• PVC and CPVC expansion, including a 1.2 million-tonne PVC plant at Nagothane.

In Exploration & Production (E&P), the business reported revenue of ₹23,861 crore (or $2.5 billion) and EBITDA of ₹19,050 crore (or $2.0 billion). KG basin fields maintained production levels, with oil output at approximately 18,000 barrels per day.

New Energy Push​

The New Energy business transitioned from construction to commissioning in FY26, focusing on achieving energy self-sufficiency. The Dhirubhai Ambani Green Energy Giga Complex in Jamnagar is now operational and represents one of the world's most integrated clean energy manufacturing ecosystems.

Key advancements include:

• Solar Power: Nearly 1 GW of Heterojunction Technology (HJT) modules have been produced, achieving ALMM listing for this advanced cell type. The goal remains building up to 20GW per annum capacity.
• Battery Storage: The first phase of the 40 GWh annual BESS and Cell Giga Factory is on track for commissioning this year, with plans to scale up to 120 GWh.
• Green Molecules: Reliance signed a landmark USD 3 billion long-term supply agreement with Samsung C&T for green ammonia, positioning the business for export markets.

The company also reported strong growth in its Compressed Biogas (CBG) business, contributing over 40% of India's total CBG production and aiming for integrated CBG hubs to reach 1 million tonnes annually over five years.

RELIANCE Stock Price Movement​

Shares of Reliance Industries Limited today slipped by 1.25% to close at ₹1309.5, following a trading session that saw the stock fluctuate between a high of ₹1338.2 and a low of ₹1305.3. The equity managed a volume of nearly 24.89 million shares during the final market hours.