Consolidated profit after tax was ₹30,681 crore, up 76% from ₹17,448 crore in the year earlier. Reliance on Friday said consolidated quarterly Ebitda and net profit were at their highest.
Gross revenue increased by 6% to ₹2.73 lakh crore, while Ebitda rose 35.7% to ₹58,024 crore.
“Reliance has begun FY26 with a robust, all-round operational and financial performance,” chairman and managing director Ambani said. “Consolidated Ebitda for Q1 improved strongly from the year-ago period, despite significant volatility in global macros.”
He added that the registered customer base of the retail businesses expanded to 358 million and that it was focusing on strengthening its portfolio of its own FMCG brands.
“The performance of our businesses and growth initiatives gives me confidence that Reliance will continue its stellar track record of doubling every four to five years,” he said.
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Healthy Telecom, Digital Showing
RIL’s stock ended nearly flat at ₹1,476.85 on Friday. Earnings were announced after market hours.
Jio Platforms, which houses the telecom and digital units, posted a 25% year-on-year rise in first quarter net profit, boosted by the continued addition of data users. Jio Platforms‘ consolidated net profit rose to ₹7,110 crore, from ₹5,698 crore a year earlier, and ₹7,022 crore in the preceding three-month period, the company said. Average revenue per user (ARPU) rose 1.3% sequentially to ₹208.8, from ₹206.2. JioStar, the media and entertainment unit, reported revenue of ₹9,904 crore and Ebitda of Rs 1,017 crore. A blockbuster IPL season helped push JioHotstar app downloads past 1 billion on Android and viewership to a record 1.19 billion across TV and JioHotstar. Monthly active users averaged over 460 million.
Retail
The retail division, which had 19,592 stores at the end of June selling grocery, consumer electronics and apparel, posted net revenue of ₹73,720 crore. Net profit rose 28% to ₹3,271 crore, while gross revenue increased 11% to ₹84,171 crore from the year previous. “Retail’s business performance registered customer base expanded to 358 million, along with significant improvement across operating metrics,” Ambani said. Reliance Retail‘s biggest segment -consumer electronics and devices-was impacted due to the early monsoon onset but recovery is underway. It opened 388 new stores in the first quarter and had 77.6 million square feet of retail space at the end of June.
JioMart continued to expand quick hyperlocal deliveries, posting 68% growth sequentially, and a 175% on-year surge in daily orders. Average bill value at the consumer electronics business rose 26% and conversions increased 200 basis points from the year before. AC sales, however, were hit by the rainy season starting early. In the fashion and lifestyle division, growth picked up with multiple initiatives undertaken in the last four quarters, and the emerging formats of GAP, Azorte and Yousta posting 59% growth. These account for over 170 stores. Within grocery, it saw broad-based growth across categories with home and personal care growing at 15%, fruits and vegetables at 15% and packaged foods at 13%.
The consumer products business, which includes Campa and Independence, recorded sales of ₹4,400 crore during the quarter. “Reliance Retail delivered resilient performance during this quarter driven by our relentless focus on operational excellence, geographical expansion and sharper product portfolio,” said Isha Ambani, executive director, Reliance Retail Ventures. “Our continued investments in cutting-edge technologies and differentiated product offerings have enabled us to serve our customers better and scale with agility.”
Earlier in the day, the company said it had acquired Kelvinator, a strategic move poised to amplify its leadership in India’s fast-growing consumer durables sector.
The oil-to-chemicals (O2C) business saw Ebitda rise 11% to ₹14,511 crore due to favourable margins on domestic fuel retail, and improvements in transportation fuel cracks. This was partially offset by lower volumes and polyester chain margins. Reliance BP Mobility’s retail fuel network expanded to 1,991 outlets, outpacing industry growth. Revenue dipped 1.5% to Rs 1.55 lakh crore from a year earlier due to lower crude prices and planned maintenance shutdowns.
The Jio-bp combine expanded 35% in petrol and diesel sales in the quarter, from the year before.
New Energy
The company said it will start operationalising new energy generation projects in the next four to six quarters on a full-scale basis and will be installing around 50 megawatts of modules and 175 megawatt hours of batteries each day.
It is also setting up dedicated transmission lines from Kutch to Jamnagar to get the energy to the latter site.
