RELIANCE INDUSTRIES LTD

Refines crude oil into transportation fuels and produces petrochemicals at its Oil to Chemicals (O2C) complex, which generated Rs 6,62,401 crore of segment revenue in FY26 and around 70% of ethylene capacity is run on ethane cracking. Upstream Oil and Gas operations contributed Rs 23,861 crore of segment revenue from domestic production including the KGD6 field and CBM gas. The Retail business runs physical stores and digital commerce across grocery, fashion, electronics and FMCG, with FMCG revenue doubling year-on-year to Rs 8,600 crore in Q1 FY27, distributed through 5,000+ distributors and 3M+ outlets. Digital Services is anchored by Jio, which has 533 million subscribers including 285 million on 5G, and Q1 FY27 digital services revenue of Rs 39,173 crore carried a 53.3% EBITDA margin; JioStar's media business added 530 million users across platforms. The New Energy build-out targets 20 GW of solar PV capacity by FY30 and 120 GWh of battery capacity, with a 168 MW data centre joint venture with Meta commissioned at Jamnagar. Materials, dominated by crude oil and feedstock, were 41.2% of FY26 revenue and remain the largest cost line, followed by other operating expenses at 16.5%.