Reliance Industries Q1 FY26 Results — Key Highlights (Live)
Overview
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Reliance Industries (RIL), the oil-to-chemicals-to-telecom-to-retail conglomerate, reports its Q1 (April–June 2025) results after market close on July 18.
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Revenue is expected to decline by ~8% QoQ.
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EBITDA is projected to rise ~3% QoQ.
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Net profit may grow ~16% sequentially, with an expansion of operating margins by ~200 bps.
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RIL shares have risen 21% YTD and gained ~20% in the past month.
Segment Expectations & Key Updates
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Retail: Continues strong growth; Q1 earnings to reflect robust performance. Also announced acquisition of Kelvinator to strengthen its consumer durables portfolio.
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Jio Platforms: ARPU expected to rise; subscriber additions ~9–10 million.
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O2C (Oil-to-Chemicals): Growth here may be offset by some weakness in Exploration & Production.
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New Energy: Expansion initiatives in solar modules and further integration into wafers/polysilicon seen as long-term growth drivers.
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Analysts expect RIL’s AGM in Aug/Sep to reveal more on the Jio IPO, quick commerce, FMCG, and energy plans.
Brokerage Views
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CLSA: “Entering an exciting period,” positive on KPIs across businesses.
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Citi: Buy rating, price target ?1,690, with strong EBITDA CAGR forecast for Jio.
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Nuvama: Buy rating, highest price target at ?1,801.
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Bloomberg consensus: 92% of analysts recommend Buy; only 2 have a Sell.
Stock Performance (July 18, 2025)
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Closed flat at ?1,476 after recovering from intra-day lows.
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Up 3.2% in the past month; up 21% so far in 2025.
