Q3 2026 Reliance Industries Ltd Earnings Call Transcript
Key Points
- Reliance Industries Ltd (WBO:RLI) reported a strong revenue growth of 10% and EBITDA growth of 6%, driven by digital services and retail sectors.
- The company added 9 million new customers, bringing the total to 515 million, with significant traction in home services and a 25 million home broadband subscriber base.
- Reliance Jio's 5G deployment is progressing rapidly, with 253 million 5G subscribers and a 65% market share in India.
- The retail segment achieved its highest-ever revenue at INR97,600 crores, with a robust 8.1% growth despite challenges.
- Reliance's new energy initiatives are advancing well, with plans to commission a 10 gigawatt peak annual solar manufacturing gigafactory and expand to 20 gigawatts.
- The company's overall profit after tax (PAT) growth was muted at 1.6% due to higher finance and depreciation costs, primarily from 5G asset capitalization.
- The petrochemical segment faced challenges with lower volumes and weaker margins, impacting overall profitability.
- Retail margins were affected by festive offers, hyperlocal commerce investments, and a one-time impact from the new labor code.
- The energy business experienced a decline in EBITDA due to lower volumes and prices, despite strong transportation fuel growth.
- The prolonged monsoon negatively impacted demand for certain products like PVC and PET, leading to a decline in domestic polyester demand.
So I'll just do the summary one and then open it up for individual businesses. So, starting from the consumer businesses side, customer addition is strong at about 9 million. Taking the total to about 515 million customers, very good traction on the home side with about 25 million that we have, and we saw a significant margin expansion too, and, on the revenue -- on the retail side, revenue growth has been about 8%, and overall EBITDA, growth has been 1.3% and we'll go through, what has been unique in this particular quarter.
Overall store count at close to 20,000 crores and having added about 430 stores, we will talk through in that presentation about, how the Quick commerce is progressing and, as one of the important data points is the fact that we have now 1.6 million orders run rate that's what we are doing and very much on track to be the second largest QC player.
On the FMCG side, the demerger happened, as on December 1, and, we are at more than INR5,000 crores of turnover, and this is 60% up on a year on year
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
