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Reliance Industries Posts Record FY26 Earnings as Jio and Retail Scale Up

Story Highlights
  • Reliance Industries delivered record FY26 revenue, EBITDA and profit, kept leverage low and raised dividend, signaling strong growth and cash-generation capacity.
  • Jio Platforms and Reliance Retail drove earnings momentum, with surging 5G subscribers and a 20,000-plus store network reinforcing Reliance’s consumer and digital dominance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Reliance Industries Posts Record FY26 Earnings as Jio and Retail Scale Up

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Reliance Industries Limited ( (IN:RELIANCE) ) has issued an update.

Reliance Industries reported record consolidated revenue of ₹1,175,919 crore for FY26, up 9.8% year-on-year, alongside record EBITDA of ₹207,911 crore and profit after tax of ₹95,610 crore, reflecting strong broad-based performance. The company maintained a conservative balance sheet with net debt to EBITDA at 0.60, continued elevated capital expenditure of ₹144,271 crore excluding spectrum, and declared a dividend of ₹6 per share, underscoring its capacity to fund growth while returning cash to shareholders.

Jio Platforms delivered a 17.9% year-on-year rise in fourth-quarter FY26 EBITDA to ₹20,060 crore, supported by an expanding subscriber base of over 524 million, including 268 million Jio True5G users, highlighting its strengthening position in India’s digital ecosystem. Reliance Retail posted 3.1% growth in quarterly EBITDA to ₹6,921 crore and crossed the milestone of 20,000 stores, reinforcing the conglomerate’s scale-driven edge in organized retail and its growing influence on India’s consumer market.

More about Reliance Industries Limited

Reliance Industries Limited is a diversified Indian conglomerate with major operations spanning energy, petrochemicals, telecom through Jio Platforms, and consumer retail via Reliance Retail. The group has increasingly focused on digital services and nationwide retail expansion, positioning itself as a dominant player in India’s consumption and connectivity-driven growth story.

Average Trading Volume: 1,161,267

Technical Sentiment Signal: Buy

Current Market Cap: 18175.6B INR

For an in-depth examination of RELIANCE stock, go to TipRanks’ Overview page.

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