Reliance Industries reported Q4 revenue of ₹3.62 lakh crore, a 28% rise from ₹2.94 lakh crore last year, eclipsing the ₹3.45 lakh crore consensus by analysts. Net profit rose 34% to ₹29,550 crore, beating the ₹27,000 crore estimate.
The oil‑to‑chemicals arm delivered its highest quarterly revenue yet, climbing 44.2% YoY to ₹2,31,601 crore. EBITDA surged 67.9% to ₹25,203 crore, with the margin expanding 160 basis points to 10.9%, a 5‑point lift over the previous quarter.
Jio Platforms posted consolidated net profit of ₹8,389 crore, up 13.7% YoY, and operating revenue rose 11.4% to ₹40,475 crore. Subscriber additions hit 31 million, and ARPU climbed 3.5% to ₹218.80, underscoring digital growth.
Reliance Retail saw gross revenue grow 6.4% YoY to ₹91,716 crore. JioMart revenue leapt 42% to ₹7,500 crore, driven by a 24% rise in units per order and higher average order values. The retailer added 303 stores, bringing its total to 19,947.
Analysts now project a 10% EBITDA margin expansion for FY27, with refining margins expected to improve as oil prices rebound. The company will report FY27 Q1 on 15 February, and market watchers are eyeing potential dividend adjustments.