Gujarat Business Watch
Business

CONSOLIDATED RESULTS FOR QUARTER / YEAR ENDED 31ST MARCH, 2026

Record Annual Consolidated Revenue at ₹ 1,175,919 crore, up 9.8% Y-o-Y
Record Annual Consolidated EBITDA at ₹ 207,911 crore, up 13.4% Y-o-Y
Record Annual Consolidated PAT at ₹ 95,610 crore, up 18.3% Y-o-Y
Jio Platforms 4Q FY26 EBITDA up 17.9% Y-o-Y at ₹ 20,060 crore, margin up 230 bps
Jio total subscriber base of over 524 million with 268 million Jio True5G
Reliance Retail 4Q FY26 EBITDA up 3.1% Y-o-Y at ₹ 6,921 crore, store count crosses 20,000
RIL announces Dividend of ₹ 6/- per share

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance
Industries Limited said: “Through fiscal FY2025-26 we faced geopolitical disruptions, volatile energy
prices and shifting global trade patterns. These headwinds weighed on businesses across the world. India
held its economic growth course through all this, as did Reliance. The breadth of our portfolio and strong
domestic orientation helped navigate volatility in the external environment.
Jio continues to transform India’s digital landscape. I am happy to note that we are advancing steadily
towards the listing of Jio Platforms. This will mark a defining milestone in its journey as it continues to scale
new heights and contribute to India’s digital future. Robust full-year EBITDA growth of 19% was driven by
continuing traction in mobility, home broadband and enterprise services. As we work to democratize access
to AI tools and next-generation technology platforms, Jio is well placed to shape how India communicates,
computes and consumes content in the years ahead.
Reliance Retail delivered steady growth through the year. I am confident that Reliance Retail’s deep omnichannel
presence and its strong understanding of the Indian consumer will continue to underpin sustained
growth. The consumer products vertical, now operating within an independent and focused organizational
structure, is gaining meaningful traction with an expanding portfolio of FMCG brands. India’s consumption
story has many years of growth ahead of it, and our businesses are built to be at the centre of this
opportunity.
The O2C business navigated a complex global environment during the year. The war in West Asia has led
to unprecedented dislocation in global supply chains. As in prior periods of disruption, Reliance has again
demonstrated its commitment to ensure availability of critical energy and materials to India. Our O2C team
successfully diverted streams toward scaling up LPG production, our colleagues in Jio-bp have ensured
continuous availability of fuels to individuals and businesses throughout India. Gas from KG-D6 Basin has
been diverted towards priority sectors, in line with national energy priorities. I am proud of the dedication
of our teams and the agility with which they have addressed challenges facing the nation.
Recent events have underscored the critical need of energy security. I am happy that Reliance is making
rapid progress in operationalizing its New Energy giga-factories. This business will emerge as a powerful
growth engine for Reliance and a transformative contributor to India’s energy future.”

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