Reliance Set to Blaze Past Expectations in Q1FY26 with Triple-Thrust Momentum

Mukesh Ambani’s Reliance Industries gears up to unveil its Q1FY26 results today, widely expected to mark its strongest quarter in 18 months. Powered by what analysts call a triple-engine revival — retail, telecom, and refining — the numbers are projected to impress across verticals.

 

Retail:

- Estimated 15–21% YoY EBITDA growth, driven by JioMart’s rapid delivery expansion and 250+ new store launches

- Growth in digital commerce and in-store sales boosts margins

 

Jio Platforms:

- Expected addition of 6–10 million subscribers with ARPU rising to ₹209–210

- Benefits from recent tariff hikes and stronger premium service uptake

 

Oil-to-Chemicals (O2C):

- Stable refining margins at $10–10.5/barrel despite maintenance shutdowns

- Diesel cracks and crude spreads sustain profitability amid petrochemical softness

 

Other gains:

- ₹9,000 crore from Asian Paints stake divestment may significantly uplift net profit

 

Sources: Moneycontrol, Economic Times, Business Standard, CNBC-TV18, Livemint