Robust performance in retail, energy, and Jio boosts company profits
Reliance Industries Q1 Results Industries reported a 78% year-on-year rise in consolidated net profit for Q1 FY26, reaching ₹26,994 crore. Backed by strong growth in retail, telecom, and oil-to-chemicals businesses, the conglomerate surpassed analysts’ expectations.
Reliance Industries Delivers Stellar Q1 FY26 Results
Image source:- The Economics Times
Strong Start to the Financial Year
Reliance Industries Limited (RIL) kicked off FY26 with impressive first-quarter results, as it posted a 78% surge in net profit, which touched ₹26,994 crore. The company’s performance exceeded market expectations, clearly reflecting robust operational efficiency and multi-sector strength. Moreover, its revenue also rose to ₹2.6 lakh crore, showcasing a 3.6% increase year-on-year.
Jio Drives Telecom Growth
Interestingly, Reliance Jio continued to contribute significantly to the group’s performance. The telecom arm posted strong subscriber additions and witnessed a steady ARPU (Average Revenue Per User) growth. Consequently, Jio’s revenue surged 12.2% YoY, affirming its leadership in the digital services space. The management attributed this growth to improved data consumption and expanding 5G rollout.
Retail Business Delivers Solid Gains
At the same time, Reliance Retail reported double-digit growth, both in terms of revenue and footfall. The segment contributed ₹31,000 crore to the consolidated revenue. Furthermore, aggressive store expansions and an increase in online orders boosted margins. With new brand partnerships and product launches, Reliance Retail plans to continue its growth trajectory in the coming quarters.
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Oil-to-Chemicals Segment Rebounds
Meanwhile, the oil-to-chemicals (O2C) division recorded a rebound, supported by improved refining margins and higher exports. Despite global volatility, Reliance managed to optimize capacity utilization, which helped enhance profitability. In addition, strong downstream product demand played a key role in lifting segment performance.
Green Energy Investments Advance
Looking ahead, Reliance reiterated its commitment to renewable energy through its New Energy division. The company invested significantly in solar, green hydrogen, and battery manufacturing during the quarter. Thus, it aims to build a long-term sustainable energy ecosystem while reducing its carbon footprint.
Outlook and Market Response
Following the announcement, Reliance shares gained momentum in early trading sessions. Market analysts praised the diversified performance and cost management strategies. As a result, several brokerages revised their target prices upward, citing strong earnings visibility across business verticals.
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