Reliance Industries Q1 FY26 Profit Surges 78% to ₹26,994 Cr, Jio and Retail Drive Growth

Mumbai, July 18 — Reliance Industries Limited (RIL) reported a strong 78% increase in its net profit for the first quarter of FY26, reaching ₹26,994 crore, according to its stock exchange filing on Friday.

This is a major rise compared to the same period last year.

Key Financial Highlights:

Revenue from operations rose 5.3% to ₹2,48,660 crore (up from ₹2,36,217 crore last year).
Gross revenue increased by 6% to ₹2,73,252 crore (around $31.9 billion).
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) grew 36% to ₹58,024 crore, compared to ₹42,748 crore a year ago.

Segment-Wise Performance:

📶 Reliance Jio (Telecom & Digital Services):

Net profit rose 25% to ₹7,110 crore.
Revenue increased by 19% YoY to ₹41,054 crore.
Growth came from a larger mobile and broadband user base and higher data usage.

🛍️ Reliance Retail:

Revenue grew 11.3% to ₹84,171 crore.
EBITDA rose 12.7% to ₹6,381 crore.
Operating margin improved to 8.7%.
The company added 388 new stores, bringing the total to 19,592 stores, spread across 77.6 million sq. ft.
Customer base reached 358 million.

🚚 Quick Commerce Boom:

Reliance’s online grocery platform JioMart saw major growth:

Daily orders rose 68% quarter-on-quarter (QoQ)
Orders also increased 175% year-on-year (YoY)

Market Reaction:

Despite strong results, Reliance shares closed slightly down at ₹1,476 on the NSE, dropping by ₹0.40 or 0.027%.

Conclusion:

Reliance Industries continues to show strong growth across key business areas like telecom, retail, and digital commerce. The sharp jump in profit and rising revenues reflect solid operational performance and growing customer engagement across all segments.