Reliance Q1 Results Preview: O2C, Jio to drive earnings - Key things to watch out for

Reliance Industries is set to announce its Q1 FY27 results on July 17 after market hours. Brokerages estimate consolidated revenue between ₹3.09 trillion and ₹3.20 trillion, with net profit projections ranging from ₹16,200 crore to ₹18,470 crore, reflecting up to 10% year-on-year growth. The O2C segment is expected to drive earnings recovery through stronger refining margins, while Jio remains stable on ARPU and subscriber gains; retail and upstream segments are likely to remain under pressure.