Reliance Industries Limited (RIL) on Friday announced a 6% year-on-year increase in its gross revenue for the April–June quarter of FY26, reaching ₹2.73 lakh crore.

Subsidiary Jio Platforms led the charge with an impressive 18.8% growth in revenue, driven by a surge in mobile and home subscribers, increased data consumption, and sustained momentum across its digital services portfolio.

Reliance Retail Ventures Ltd (RRVL) also reported 11.3% growth in revenue, with standout performance in grocery and fashion segments, according to the company’s statement.

However, revenues in the Oil-to-Chemicals (O2C) segment saw a 1.5% decline, largely due to a drop in global crude oil prices and reduced volumes resulting from scheduled maintenance shutdowns. The company noted that domestic sales of transportation fuels through Jio-bp supported the segment.

The Oil & Gas segment reported a 1.2% drop in revenue, primarily due to declining production in the KGD6 basin, lower CBM gas prices, and reduced crude price realization. This was partially offset by improved KGD6 gas price realization.

Mukesh Ambani Highlights Robust Q1 Performance

Reliance Chairman and MD Mukesh Ambani said the company began FY26 on a strong operational and financial note.

“Despite global macroeconomic volatility and oil market uncertainty, we have delivered a strong Q1 performance,” he said.

Ambani highlighted O2C’s resilience in fulfilling domestic demand and improving fuel margins, while acknowledging the marginal EBITDA decline in Oil & Gas due to natural field depletion.

Jio Hits Major Subscriber Milestones

Ambani announced that Jio surpassed 200 million 5G subscribers and reached 20 million home connections during the quarter.

“Jio AirFiber is now the world’s largest fixed wireless access (FWA) provider, with a base of 7.4 million subscribers,” he added.

Jio has solidified its market leadership in mobility, broadband, enterprise connectivity, cloud, and smart home services, positioning itself as the preferred technology partner for Indian consumers.

Retail Growth and FMCG Expansion

RIL’s retail arm now serves a customer base of 358 million, with consistent growth across operational metrics.
Ambani emphasized a focus on strengthening in-house FMCG brands that cater to Indian tastes and expanding the multi-channel retail approach to address a diverse customer base.

Media and Future Outlook

Ambani also praised Reliance’s media division for becoming a comprehensive platform for entertainment, sports, and news, with plans to further expand offerings.

He reaffirmed Reliance’s long-term vision:

“We are committed to India’s growth through inclusive development, innovation, and clean energy. With strong business fundamentals and growth momentum, I am confident Reliance will continue its track record of doubling every 4–5 years.”

The company’s diversified growth across sectors—telecom, retail, O2C, and media—positions it strongly for the quarters ahead.