Reliance
Conglomerate · 12 quarters tracked · source-linked performance and management context.
Latest revenue
₹2,94,059 Cr
verified financial record
Quarters tracked
12
source records in the directory
Delivery assessment
Assessment incomplete
Across 24 tracked commitments. Delivery assessment incomplete while 1 remain unresolved or evidence-limited.
Call date
2026-04-30
latest available source date
Signal trajectory
8 actual quartersCurrent read
Assessment incomplete
Across 24 tracked commitments. Delivery assessment incomplete while 1 remain unresolved or evidence-limited.
Latest source read
What changed this quarter?
Reliance Industries reported a mixed Q4 FY26 with consumer businesses (Jio + Retail) delivering 14% EBITDA growth, offsetting energy weakness. Jio added 9.1M subscribers (524.4M total), ARPU grew 4% YoY to INR 214, and EBITDA margin expanded 230bps YoY to 56.2%. Retail posted record revenue of INR 98,000 crore (+11% YoY), with hyperlocal commerce orders surging 300% YoY. O2C faced severe headwinds from the Strait of Hormuz crisis, but agile crude sourcing kept throughput near capacity. Management highlighted strong momentum in 5G (268M users), Jio AirFiber scaling, and retail's omni-channel strategy. Risks include sustained geopolitical disruption, SAED impact on refining margins, and potential demand slowdown from high oil prices. Guidance remains qualitative, with focus on market share gains and digital services ramp-up.
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Signal
Positive
Revenue
₹2,94,059 Cr
Source date
2026-04-30
Across the record
Quarter history.
History modules