Reliance Industries Limited (RIL), owned by Mukesh Ambani, is set to announce its Q4FY26 results on April 24, 2026. Analysts predict a challenging quarter for the company, with expectations of flat growth in the oil-to-chemicals (O2C) and retail segments, offsetting gains from its telecom division, Jio. Consolidated revenue is estimated to be between ₹2.7 trillion and ₹2.8 trillion, reflecting a year-on-year increase of up to 10%. However, net profit is expected to decline significantly, with estimates ranging from ₹16,200 crore to ₹18,470 crore, marking a potential drop of up to 17% year-on-year.

The O2C segment is under pressure, with Ebitda margins likely to contract due to rising crude oil prices and increased operational costs. Jio's performance is projected to be steady, with an estimated Ebitda of ₹18,230 crore, supported by an increase in subscribers and average revenue per user (Arpu). The retail segment is also expected to show muted growth, with revenue projections around ₹91,050 crore, up 9% year-on-year. Overall, while RIL's telecom segment shows resilience, the challenges in O2C and retail could weigh heavily on its earnings for the quarter.