Reliance Industries has posted a solid performance in the first quarter of the financial year 2025-26. The company’s results reflect growth in its major businesses, including retail, telecom (Jio), and oil-to-chemicals (O2C). Market experts believe this could be the beginning of a positive trend for the company.
🧾 Quick Summary of Q1 FY2026 (April to June)
| Key Metrics | Q1 FY26 (Estimates) | Year-on-Year Change |
|---|---|---|
| Revenue | ₹2.5 – ₹2.7 lakh crore | +8% |
| Net Profit (PAT) | ₹20,000 – ₹23,000 crore | +80% to +90% |
| EBITDA | ₹45,000 crore+ | +15% to +16% |
| Subscriber Additions | 9 – 10 million (Jio) | Higher than FY25 |
| Refining Margins (GRM) | Improved QoQ (approx. $1.1/bbl) | Positive trend |
📈 Why This Quarter Is Important
Experts from research firms like CLSA believe Reliance is entering an "exciting phase". Here’s why:
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Strong Growth Across Key Businesses
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Retail is showing strong performance, especially in digital and grocery segments.
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Jio saw a major boost with nearly 10 million new subscribers, thanks to its 5G and broadband push.
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O2C business gained from improved refining margins.
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One-Time Profit Boost
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The company sold shares of Asian Paints, giving it an extra profit of around ₹9,000 crore (after tax), which helped net profits rise sharply.
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Jio Business is Expanding Fast
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Jio added millions of users and continues to lead in 5G expansion.
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Broadband and fixed wireless services are growing steadily.
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Positive Market Outlook
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Brokerage firms are optimistic. Some have set the stock target price around ₹1,650–₹1,700, expecting up to 14–16% gain in share value.
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🏪 Business-Wise Performance
| Segment | Performance (YoY) | Highlights |
|---|---|---|
| Retail | +15–20% (EBITDA) | Strong footfall, better margins |
| Jio (Telecom) | +18–20% (EBITDA) | More users, 5G rollouts |
| Oil to Chemicals | +18% (EBITDA) | Higher GRM and steady demand |
| Exploration | Slight decline | Due to lower output in some oil fields |
👀 What to Watch Next?
Reliance’s Annual General Meeting (AGM), expected in August or September, is likely to reveal:
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Updates on the Jio IPO
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Plans for new energy investments
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Strategy for quick-commerce and FMCG expansion
Investors and analysts are watching closely, as these updates may shape the company’s next phase of growth.
✅ Summary: Reliance Industries Q1 FY2026 Blog
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Topic: Reliance Industries' Q1 FY2026 results
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Focus: Strong performance across Retail, Jio, and O2C segments
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Stock Outlook: CLSA calls this an “exciting period” with a 14%+ upside
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Profit Growth: Net profit could rise up to 88% YoY, partly due to a one-time gain from the sale of Asian Paints shares
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Segment Growth:
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Retail: +15–20% YoY
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Jio: Subscriber base increased by 9–10 million
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O2C: Boosted by better refining margins
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E&P: Slight decline
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Investor Focus: All eyes on the upcoming AGM for updates on Jio IPO, new energy plans, and retail expansion
✅ Final Thoughts
Reliance Industries has kicked off FY2026 with a strong performance. All major business areas are performing well, and one-time profits added extra shine to the results. With experts showing confidence and investors looking ahead to the AGM, this could be a turning point for the company.
If the next quarters continue on this path, Reliance may deliver even stronger returns for its shareholders.