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Reliance Revenue History — Quarter by Quarter

Reliance's revenue moved from ₹2,07,559 Cr in Q1 FY24 to ₹2,94,059 Cr in Q4 FY26, a 41.7% change over 12 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

QuarterRevenue (₹ Cr)YoY Change
Q4 FY26₹2,94,059 Cr—
Q3 FY26₹2,64,905 Cr+10%
Q2 FY26₹2,54,623 Cr—
Q1 FY26₹2,43,632 Cr—
Q4 FY25₹2,61,388 Cr—
Q3 FY25₹2,39,986 Cr—
Q2 FY25₹2,31,535 Cr+0.8%
Q1 FY25₹2,31,784 Cr+11.5%
Q4 FY24₹2,36,533 Cr+2.6%
Q3 FY24₹2,25,086 Cr+3%
Q2 FY24₹2,31,886 Cr0%
Q1 FY24₹2,07,559 Cr—

What management said about revenue

G

Q4 FY26 · Jio to continue gaining market share

Expect subscriber growth and ARPU improvement from organic levers and 5G differentiation.

G

Q2 FY26 · Jio home connections to ramp up significantly

Management expects to scale monthly home connections beyond the current 1 million run rate, driven by wireless broadband technology.

G

Q1 FY26 · Double value by end of golden decade

Management reiterated confidence in doubling the company's value by the end of the golden decade, as stated by the Chairman in 2022 and 2024 AGM.

G

Q1 FY26 · Retail EBITDA doubling every 3-4 years

Chairman's vision of doubling retail business every three to four years remains on track, with acceleration expected in coming quarters.

G

Q4 FY25 · Retail fashion turnaround complete

Fashion business has turned around with positive LFL growth; design-to-shelf cycle reduced to 30 days with weekly store refreshes.

G

Q3 FY25 · Jio ARPU growth to sustain

Full impact of July 2024 tariff hike still playing out; ARPU growth expected to continue in coming quarters.

G

Q3 FY25 · Retail to show healthy sequential growth

Management expects healthy quarter-on-quarter growth driven by operational improvements and festive momentum.

G

Q3 FY25 · O2C investment in downcycle

Investing in PVC, polyester, and ethane capacity at bottom of cycle to capture high-growth domestic demand.

G

Q3 FY25 · Jio AI Cloud and Cloud PC launch

Beta launched; scaling to all Jio customers in coming quarter; new revenue stream from digital services.

G

Q2 FY25 · Jio AirFiber to add 1 million homes per month

Management targets adding approximately one million Jio AirFiber connections every month, up from current run rate.

G

Q2 FY25 · Retail growth momentum to normalize in 2-3 quarters

Retail expects to revert to industry-leading growth after streamlining operations and B2B recalibration over the next couple of quarters.

G

Q1 FY25 · Tariff hike benefits from July 2024

Jio implemented tariff increases of 13-25% from July 3, 2024, expected to improve ARPU and revenue in coming quarters.