Reliance Industries Q4 FY26 Results: Profit Declines Amid Strong Retail and Jio Growth
RIL Q4 Results: O2C drags profit down 12.6% as Jio, retail hold the fort; 10 key takeaways
The Economic Times
Image: The Economic Times
Reliance Industries Limited reported a 12.6% year-on-year decline in consolidated net profit for Q4 FY26, totaling ₹16,971 crore due to challenges in the oil-to-chemicals segment. However, Jio Platforms and Reliance Retail showed robust performance, with Jio's EBITDA rising 17.9% and retail revenue surpassing ₹370,000 crore for the year.
- 01Consolidated net profit for Q4 FY26 fell 12.6% year-on-year to ₹16,971 crore.
- 02Jio Platforms reported a 17.9% increase in EBITDA, reaching ₹20,060 crore.
- 03Reliance Retail surpassed 20,000 stores, contributing to an 11.8% revenue increase for the year.
- 04Total consolidated EBITDA for FY26 hit a record ₹2,07,911 crore, up 13.4%.
- 05The board recommended a dividend of ₹6 per share for FY26.
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Reliance Industries Limited (RIL) reported a consolidated net profit of ₹16,971 crore for the quarter ending March 31, 2026, marking a 12.6% decline compared to ₹19,407 crore in the same quarter last year. The decrease was primarily attributed to challenges in the oil-to-chemicals (O2C) segment, which faced rising costs and geopolitical disruptions. Despite this, RIL's consumer-facing businesses thrived, with Jio Platforms achieving an EBITDA of ₹20,060 crore, a 17.9% increase from the previous year, and Reliance Retail crossing 20,000 stores and generating ₹3,70,026 crore in revenue for the year. Overall, RIL's consolidated gross revenue rose 12.9% year-on-year to ₹3,25,290 crore in Q4 FY26, and the full-year gross revenue reached a record ₹11,75,919 crore, up 9.8%. The board has proposed a dividend of ₹6 per share, reflecting a strengthened cash position of ₹2,49,704 crore as of March 31, 2026.
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The decline in profit may affect investor sentiment, but the strong performance of Jio and retail could stabilize RIL's market position and future growth.
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