Reliance Industries Ltd (FRA:RLI)

Q4 2026 Reliance Industries Ltd Earnings Call Transcript

Apr 24, 2026 / 10:59 AM GMT

Release Date Price: €49.4

Transcript

Key Points

Positve

Reliance Industries Ltd (WBO:RLI) reported a 10% increase in revenue and a 13.5% rise in EBITDA for FY '25-'26.
The company's digital services business showed strong growth, with a 16% increase in subscriber base and a 40% growth in the 5G user base.
Retail segment achieved its highest-ever quarterly revenue of 98,000 crores, with a 14% growth after adjusting for the RCPL demerger.
Reliance Jio added 36.3 million subscribers during the year, making it the largest 5G subscriber base outside China.
The FMCG business doubled its revenue compared to the previous year, with significant growth in the Kampa brand and Independence brand.

Negative

Rupee depreciation of 11% for the year and 4% in March posed a concern for the company.
Oil and gas production faced challenges due to a decline in overall production and reservoir reserves.
The company experienced a 4% decrease in oil to chemicals segment EBITDA due to supply chain disruptions and increased logistics costs.
Retail EBITDA growth was muted due to the scale-up of hyper-local commerce and soft demand in fashion and lifestyle.
The geopolitical situation, including the Middle East conflict, led to significant supply chain disruptions and increased costs in the refining and petrochemical sectors.

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

RELI.NS - Reliance Industries Ltd
Q4 2026 Reliance Industries Ltd Earnings Call
Apr 24, 2026 / NTS GMT

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Presentation
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So the context, the first 11 months seemed pretty different from what happened in March and 11 months it seemed like fastest growing economy, domestic activity was fairly robust. From our own telecom point of view, significant growth in traffic on the 5G network and so on. All the measures taken on GST rationalization, the easing rate cycle, monsoons were good.

That gave broadly consumption tailwinds were decent there. Energy prices also give or take was rage brown and even growth in both fuel and refined products remained steady. And then you go into March, we all know the numbers, almost doubling of.

70% higher in some cases even in gas it went up to double the of course the concern for everybody all of us is

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