Mukesh Ambani-led Reliance Industries posts first-quarter results for financial year 2025: Major highlights

India’s largest listed company by market capitalisation, Reliance Industries, posted a  78.3 per cent jump year-on-year in first-quarter consolidated net profit of ₹ 26,994 crore. For the three-month period, the group’s consolidated revenue rose by 5.26 per cent to ₹  2.48 lakh crore.

"Consolidated EBITDA for the first quarter of FY26 improved strongly from a year-ago period, despite significant volatility in global macros. During the quarter, energy markets encountered heightened uncertainty, with sharp fluctuations in crude prices. Our O2C business delivered strong growth, with thrust on domestic demand fulfillment and offering value-added solutions through the Jio-bp network. Performance was supported by improvement in fuel and downstream product margins," Ambani said.

The firm helmed by billionaire Mukesh Ambani continued to post an uptick in consumer businesses -- retail and telecom. While Jio was helped by a rise in consumer base, the retail business delivered steady performance due to an increase in footfalls at its expanded store network.

RIL Chairman and Managing Director, Mukesh Ambani said that Reliance has begun FY26 with a robust, all-round operational and financial performance.

Analysts across the board expected all key segments of the conglomerate to see a broad-based recovery, with a 15 to 16 per cent year-on-year jump in consolidated EBITDA close to ₹45,000 crore, with Jio inching closer to ₹17,900 crore in EBITDA (up 18-19 per cent year-on-year). However, they expected the Oil-to-Chemicals (O2C) segment to have muted quarterly growth due to maintenance costs/disruptions.

Ahead of earnings, shares of RIL fell to a low of ₹1,469 apiece early in the day. Later, it recovered to rally and hit a day high of ₹1,485.05 minutes before settling at ₹1,476.85—more or less flat over the course of Friday.

A cool acquisition on hot earnings day

Earlier in the day, the group announced that its retail arm, Reliance Retail, acquired one of India’s well-recognised refrigerator brands, Kelvinator. During the announcement, the company did not disclose any details of the deal.

Reliance Retail Executive Director Isha Ambani said, “The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers.”

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