Synopsis: Shares of India’s largest firm, managed by the Ambani household, surged over 3% in at this time’s buying and selling session following the announcement of its Q2 outcomes.
India’s largest private-sector conglomerate, with diversified companies throughout power, petrochemicals, refining, retail, and telecommunications, is in focus at this time following the discharge of its Q2 FY26 outcomes.
With a market capitalization of Rs. 19,82,913.22 crore, the shares of Reliance Industries Restricted have been buying and selling at Rs. 1,465, up by 3.40 p.c from its earlier day’s closing worth of Rs. 1,416.80.
Q2FY26 Outcomes
Reliance Industries Restricted reported Rs. 2,58,898 crore in income for the second quarter of FY26, a 9.94 p.c enhance over the Rs. 2,35,481 crore for a similar interval in FY25. It elevated by 4.12 p.c as in comparison with Rs. 2,48,660 crore in Q1 FY26.
The corporate’s EBITDA for Q2 FY26 stood at Rs. 45,885 crore, up by 17.48 p.c from Rs. 39,058 crore in Q2 FY25, and it elevated by 6.95 p.c from Rs. 42,905 crore in Q1 FY26.
The consolidated web revenue for the second quarter of FY26 was Rs. 22,146 crore, which was 27.82 p.c decrease than the Rs. 30,681 crore reported within the Q1 FY26, however it elevated by 15.94 p.c from Rs. 19,101 crore in Q2 FY25. Revenue progress was additionally mirrored in earnings per share (EPS), which elevated to roughly Rs. 13.42 in Q2 FY26 from Rs. 12.24 in Q2 FY25.
Additionally learn: Chemical Inventory Skyrockets 16% After Reporting 97% YoY Enhance in Web Revenue
Phase-wise Updates
Jio (Digital Companies)
Reported an 18 p.c EBITDA progress, pushed by over 500 million subscribers, together with 234 million 5G customers and 23 million fastened broadband subscribers. The phase achieved a 140 bps EBITDA margin enlargement, reflecting operational effectivity and consumer progress.
Reliance Retail
Delivered 17 p.c EBITDA progress with 18 p.c YoY enhance in gross income, regardless of demand deferment as a result of pre-GST price minimize. The corporate noticed sturdy momentum in fast commerce, recording 200 p.c YoY progress in day by day orders.
FMCG (Reliance Shopper Merchandise)
Generated Rs. 5,300 crore in gross income, marking a 2x YoY enhance. The main focus remained on model constructing, increasing bottling capability, and establishing meals parks to strengthen its presence within the packaged items sector.
Media (JioCinema / JioHotstar)
Recorded 400 million month-to-month lively customers (MAUs), making it the 2nd largest OTT platform globally. Achieved 71 p.c QoQ EBITDA progress, showcasing sturdy digital engagement and monetization.
Vitality Enterprise (Oil to Chemical substances, Jio-bp, E&P)
Posted 13 p.c EBITDA progress, supported by a 21 p.c rise in O2C EBITDA from improved gas cracks. Jio-bp noticed 34 p.c quantity progress with 2,057 shops, whereas E&P operations (KG D6) contributed about 30 p.c of India’s fuel manufacturing.
New Vitality
Superior its clear power initiatives, establishing 20 GW photo voltaic PV manufacturing capability and 100 GWh battery giga-factory. 4 PV module strains have been commissioned with the primary cell line anticipated by Oct’25. The corporate reported speedy execution progress at its Kutch giga-factory web site.
Administration View
Mukesh D. Ambani, Chairman and MD of Reliance Industries, said that the corporate delivered a robust efficiency in 2QFY26, led by O2C, Jio, and Retail companies. Consolidated EBITDA grew 14.6 p.c YoY, reflecting agile operations, a domestic-focused portfolio, and structural progress within the Indian financial system. The digital companies phase confirmed constructive subscriber additions throughout properties and mobility companies, supported by Jio’s 5G community and progressive know-how.
He highlighted sturdy momentum within the Retail enterprise with larger volumes throughout all codecs and progress in fast hyperlocal supply, supported by GST reforms. The O2C enterprise achieved sturdy YoY progress regardless of power market volatility, with improved gas margins and gradual stabilization in downstream chemical compounds. Ambani additionally emphasised progress in new progress areas together with new power, media, and client manufacturers, together with AI initiatives to keep up technological management and ship advantages to Indian customers.
Written By Akshay Sanghavi
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