Reliance Industries Limited (RIL)reported a 25% year-on-year jump in Q1 FY27 revenue to Rs 3.11 lakh crore, driven by strong growth in Oil-to-Chemicals, Reliance Retail and Jio. The company posted a net profit of Rs 20,946 crore, while EBITDA rose 10% despite global market uncertainties.
Key Highlights
- Q1 FY27 revenue surged 25% to Rs 3.11 lakh crore.
- Net profit stood at Rs 20,946 crore.
- EBITDA increased 10% to Rs 54,067 crore.
- Strong growth led by O2C, Jio and Reliance Retail businesses.
Reliance Industries Limited (RIL) reported a strong start to FY27, with consolidated revenue rising 25% year-on-year to Rs 3.11 lakh crore in the first quarter. The impressive performance was supported by double-digit growth across its Oil-to-Chemicals (O2C), Reliance Retail and Jio digital services businesses, reflecting the group’s diversified business strength.
The company reported a consolidated net profit of Rs 20,946 crore, compared with Rs 26,994 crore in the corresponding quarter last year. The decline was primarily due to the absence of the one-time gain from the sale of its Asian Paints stake recorded in Q1 FY26 rather than weakness in its core operations.
EBITDA increased 10% year-on-year to Rs 54,067 crore, exceeding market expectations. According to the company, strong operating performance across major business segments helped offset the impact of volatile commodity prices, geopolitical tensions and global supply chain disruptions.
Chairman Mukesh Ambani said Reliance has made a steady start to FY27, with all businesses delivering resilient performance. He highlighted that Jio maintained strong growth across mobility, broadband and enterprise services, while Jio Platforms’ DRHP filing with SEBI marked an important milestone towards its proposed public listing.
Reliance Retail continued to deliver stable growth across consumption formats, while Reliance Consumer Products (RCPL) more than doubled its revenue over the previous year as its FMCG portfolio gained wider acceptance among Indian consumers. The O2C business also benefited from improved refining margins and stronger downstream petrochemical performance.
Overall, Reliance’s diversified business model enabled it to deliver robust growth despite challenging global economic conditions, reinforcing its position as India’s largest private-sector company.
