Reliance Industries reported robust performance for the quarter and year ended March 31, 2026. Despite geopolitical volatility impacting energy markets, the company achieved 10% annual revenue growth and 13.5% growth in EBITDA. Consumer-facing businesses, including Jio and Retail, proved resilient, contributing over 55% of EBITDA. The company continues to see strong momentum in digital services, record-breaking retail engagement, and rapid expansion of its New Energy and FMCG business segments.
Financial Performance Highlights
For the fiscal year 2025-26, Reliance Industries recorded 10% growth in revenue and 13.5% in EBITDA. A standout performance was noted in consumer-centric segments, which now account for more than 55% of total EBITDA. During the January-March 2026 quarter (Q4), consumer businesses showed 14% growth, effectively offsetting energy-related sector volatility.
Digital Services Expansion
Jio Platforms reported a strong year, concluding March 2026 with 524 million subscribers, a net addition of 36.3 million during the year. The 5G user base grew to 268 million, marking a significant 77 million addition. Financial metrics remain strong, with annual revenue at Rs 1,46,085 crore, reflecting a 14.6% year-on-year increase and an EBITDA margin of 52%.
Retail Business Milestones
Retail operations reached an all-time revenue high of Rs 98,000 crore in Q4. The company achieved a major milestone by surpassing 20,000 total stores. Grocery and fashion sectors led the growth, with hyperlocal commerce reporting a 30% quarter-on-quarter increase in average daily orders.
FMCG and Media Growth
The FMCG business closed the year with Rs 22,000 crore in revenue, doubling performance compared to the previous year. The Campa brand emerged as the fourth-largest carbonated soft drink player in India. In media, JioStar achieved a monthly active user reach of 550 million in March, setting a world record for concurrent streams during the T20 World Cup.
New Energy and O2C Updates
The company is making rapid progress in its New Energy sector, including the development of a solar generation complex in Kutch and scaling battery capacity to 100 gigawatt hours. Regarding the Oil-to-Chemicals (O2C) segment, the company demonstrated agility by diversifying crude sourcing to maintain refinery throughput, despite geopolitical disruptions at the Strait of Hormuz during the final quarter.
Source: BSE
