Reliance Industries Ltd (FRA:RLI)

Q2 2026 Reliance Industries Ltd Earnings Call Transcript

Oct 17, 2025 / 10:59 AM GMT

Release Date Price: €54.6 (+0.37%)

Transcript

Key Points

Positve

Reliance Industries Ltd (WBO:RLI) reported strong performance across all business segments, with a notable 18% growth in EBITDA for Jio, driven by strong customer additions in both mobility and home segments.
The retail segment saw a robust year-on-year growth of 17% in EBITDA, with revenues increasing by 18%, supported by significant growth in fashion, lifestyle, grocery, and electronics categories.
The energy business reported a 21% increase in performance, driven by higher cracks across gasoline, gas oil, and ATF, along with increased domestic placements.
Reliance Industries Ltd (WBO:RLI) is making significant progress in its new energy initiatives, with plans to start renewable energy round-the-clock power plants in Kutch next year.
The company is expanding its digital services and AI capabilities, with Reliance Intelligence set to develop AI products and solutions, leveraging partnerships with global tech companies like Meta.

Negative

Despite strong overall performance, the upstream segment experienced a decline due to natural production falls in the KGD6 fields.
Finance costs increased by 14%, and depreciation rose by 12%, primarily due to 5G capitalization and spectrum interest.
The petrochemical segment faced challenges with weak demand for PVC and PET due to heavy rains and floods affecting agricultural and packaging sectors.
The media business, while showing growth, faces challenges in maintaining momentum post-IPL, with a need to convert cricket audiences to entertainment content.
The geopolitical situation and increased OSPs have impacted the refining margins, despite high cracks in the refining segment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RELI.NS - Reliance Industries Ltd
Q2 2026 Reliance Industries Ltd Earnings Call
Oct 17, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Nice to see you all.

Predibali. So we had, you've seen the results, strong performance across businesses and even within each of the businesses, the quality of, numbers, has just been improving quarter after quarter. And, when you look at starting with Geo, with 18% growth in a bid on the back of strong customers, both mobility as well as homes. So here the, and the point here is not about just customer addition.

Customer addition data usage products that are on offer. So, when I talk about quality, I'm referring to a lot of this and a lot of these factors and instrument will take you through, in detail on some of these. So resulting in abi the margin expansion, retail, this is something I know you all have been

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