Reliance targets ₹4 lakh crore EBITDA by 2031, plots $4B Jio IPO and ₹1 lakh crore FMCG arm
At AGM, Reliance unveiled a doubling of EBITDA to ₹4 lakh crore by 2031, backed by ₹6.48 lakh crore in five-year investments. Jio Platforms files for ~$4B IPO with 524M subscribers, while Reliance Consumer Products targets ₹1 lakh crore FMCG revenue by FY30 alongside 120 GWh battery capacity build-out.
What happened
Reliance Industries · At its AGM, Reliance targeted doubling EBITDA to ₹4 lakh crore by 2031, announced Jio Platforms IPO (~$4 billion), and outlined plans to
Key facts
- ₹4 lakh crore EBITDA by 2031
- ₹2.08 lakh crore EBITDA FY26
- ₹97,580 crore EBITDA FY21
- ₹6.48 lakh crore investments over 5 years
- ₹1.44 lakh crore FY26 capex
- 524 million Jio subscribers
- $4 billion Jio IPO size
- ₹1 lakh crore FMCG target by FY30
- 120 GWh battery capacity
Why this matters
RCP's ₹1 lakh crore FMCG ambition by FY30 signals an aggressive M&A and brand-acquisition runway that will reshape competitive dynamics for HUL, ITC, and regional players, while battery capacity build-out opens partnership lanes in cells and EV supply chains.