Reliance Industries Q1FY27 revenue tops Rs 3 lakh crore for the first time

RIL posted consolidated Q1FY27 revenue of Rs 3.09 lakh crore, up 26.6% YoY and 5.1% QoQ, with net profit of Rs 20,946 crore and EBITDA of Rs 47,517 crore at a 15.4% margin. Growth was led by O2C, oil & gas and digital services, with retail contributing to the broader mix.

— Source publishedFri, 17 Jul, 2026, 19:28 IST·First seen Fri, 17 Jul, 2026, 19:34 IST·Source CNBC-TV18 · Companies

What happened

Reliance Industries reported Q1FY27 consolidated revenue crossing Rs 3 lakh crore for the first time, up 26.6% YoY, with net profit of Rs 20,946 crore, driven

Key facts

  • revenue Rs 3.09 lakh crore
  • up 5.1% QoQ
  • up 26.6% YoY
  • net profit Rs 20,946 crore
  • EBITDA Rs 47,517 crore
  • EBITDA margin 15.4%

Why this matters

The record top-line diversified across O2C, oil & gas, digital, and retail underscores RIL's multi-engine scale, informing partnership and competitive positioning as retail sits within a much larger conglomerate portfolio.

What to watch

  • Retail segment EBITDA and same-store sales growth in next quarter
  • Jio ARPU trajectory post any tariff revisions
  • Refining GRMs and petchem spreads
  • Any formal timeline on Jio/Reliance Retail listing
  • Net debt and capex intensity trends
  • Reallocate capex toward digital and new energy while retail consolidates store base
  • Push retail digital-commerce integration (JioMart, quick commerce) to lift segment contribution
  • Leverage record revenue to support Jio/retail IPO narrative and unlock valuation
  • Deepen private-label and grocery penetration to protect retail margins

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