New Delhi: Reliance Industries Ltd. (RIL) has reported higher revenue and profit for the first quarter of FY2026-27, driven by steady growth in its digital services, retail and Oil-to-Chemicals (O2C) businesses.
The company posted stronger earnings despite continued volatility in global energy markets.
Consolidated revenue for the April-June quarter rose 6.6% year-on-year to Rs 2,81,090 crore. EBITDA increased 18.2% to Rs 58,024 crore, while profit after tax stood at Rs 22,611 crore.
Reliance Chairman and Managing Director Mukesh Ambani said the company’s consumer businesses continued to perform well during the quarter. He said Jio strengthened its market leadership through sustained subscriber growth and higher customer engagement, while Reliance Retail recorded broad-based growth across major consumption categories.
He added that the company also continued to advance its long-term investments in new energy and advanced manufacturing.
The O2C business accounted for the largest share of Reliance’s revenue during the quarter. Revenue from the segment rose 30.4% year-on-year to Rs 2,01,803 crore, mainly due to higher crude oil prices. Segment EBITDA increased 17.2% to Rs 17,010 crore, supported by improved transportation fuel margins and better downstream performance.
However, higher feedstock costs, elevated freight expenses, and scheduled maintenance at manufacturing facilities affected overall margins.
Jio Platforms maintained its growth momentum by adding 8.9 million net subscribers during the quarter, taking its total subscriber base to 533.3 million. Average Revenue Per User improved to Rs 215.6 as customer engagement and data consumption continued to increase.
Reliance Retail reported revenue of Rs 90,408 crore, up 7.4% from a year ago. The business registered growth across grocery, fashion, consumer electronics, and digital commerce. Excluding the impact of the RCPL business restructuring, gross revenue increased 11.6% year-on-year.
The company’s exploration and production business recorded higher output from the KG-D6 fields, while the media and entertainment business expanded its digital audience and strengthened its advertising business following the integration of its entertainment assets.
Reliance also continued work on its integrated solar manufacturing facilities, battery storage systems and green hydrogen projects during the quarter. The company said these projects remain part of its ongoing efforts to expand its clean energy business alongside its existing digital, retail and energy operations.
