THEBUSINESSBYTES BUREAU

MUMBAI, JUNE 19, 2026

Reliance Industries Limited (RIL) delivered its strongest-ever financial performance in FY26, posting record revenue, EBITDA and net profit despite a challenging global economic environment, Chairman Mukesh Ambani announced at the company’s 49th Annual General Meeting (Post-IPO) on Friday.

Underscoring the conglomerate’s growing strength and diversification, Ambani said Reliance recorded consolidated revenue of ₹11,75,919 crore (USD 124 billion) in FY26, marking a robust 9.8 per cent year-on-year growth. The company also achieved a record EBITDA of ₹2,07,911 crore (USD 21.9 billion), more than doubling from ₹97,580 crore in FY21 and successfully meeting its five-year commitment to double operating earnings.

A key highlight of Reliance’s growth story was the rapid expansion of its digital and retail businesses, which together contributed nearly half of the company’s total EBITDA in FY26. Ambani described these consumer-facing businesses as the primary engines of Reliance’s future growth, reflecting the company’s successful transformation beyond its traditional energy and petrochemicals operations.

The company’s net profit surged 17.8 per cent year-on-year to an all-time high of ₹95,754 crore (USD 10.1 billion), further reinforcing Reliance’s position as India’s most profitable corporate enterprise.

Reliance also continued its aggressive investment cycle, with capital expenditure reaching ₹1,44,271 crore (USD 15.2 billion) during FY26. Over the last five years, the company has invested a staggering ₹6,48,428 crore (USD 68.4 billion), the highest by any Indian company. According to Ambani, Reliance alone accounted for nearly one-third of the total capital expenditure undertaken by India’s top 50 corporates during this period, highlighting its pivotal role in driving industrial growth and infrastructure development.

The company’s contribution to India’s economy extended well beyond investments. Reliance reported exports worth ₹2,78,808 crore (USD 29.4 billion) during FY26, accounting for 6.7 per cent of India’s total merchandise exports. It also remained the country’s largest contributor to the national exchequer, paying ₹2,16,472 crore (USD 22.8 billion) in taxes and duties during the year. Cumulatively, Reliance’s contribution to government revenues over the past five years has crossed ₹9.78 lakh crore, equivalent to more than USD 100 billion.

Ambani emphasized that Reliance’s growth continues to be aligned with the broader goal of inclusive national development. The company spent ₹2,248 crore (USD 237 million) on Corporate Social Responsibility initiatives in FY26, the highest CSR expenditure by any single Indian company.

The Reliance Chairman attributed the company’s strong financial performance to disciplined capital allocation, proactive risk management, a resilient balance sheet and rising cash flows. These strengths have also been recognised globally, with international rating agencies S&P and Moody’s upgrading Reliance’s credit ratings to A- and Baa1 respectively, both standing two notches above India’s sovereign credit rating.

Reliance also reinforced its status as one of India’s largest employers, creating a growing number of direct and indirect jobs across sectors. Ambani noted that the company’s retail and digital ecosystems have additionally generated lakhs of micro-entrepreneurship opportunities, contributing significantly to income generation and economic empowerment across the country.