• Reliance Industries crosses $120 billion revenue in FY26
• Consolidated revenue rose 7.1% to Rs 10.71 lakh crore
• Media business revenue up 74%, EBITDA surged nearly 140%

India’s largest private-sector company, Reliance Industries Ltd (RIL), clocked a resilient performance in FY26 despite global economic uncertainties, led by strong momentum across its retail, digital and consumer-focused businesses.

According to the company’s annual report 2025-2026, RIL became the first Indian company to cross the $120 billion revenue mark during the financial year, highlighting the scale and diversification of its operations. Consolidated revenue rose 7.1% year-on-year to Rs 10.71 lakh crore, while EBITDA increased 2.9% to Rs 1.83 lakh crore. Net profit grew 2.9% to Rs 81,309 crore. 

Chairman Mukesh Ambani said the company continued to benefit from its diversified business model, with consumer-facing verticals now contributing more than half of total EBITDA. Reliance’s retail, telecom and media businesses remained key growth engines even as global volatility weighed on the oil and chemicals sector.

Reliance Retail maintained its leadership position in India’s organised retail market, posting revenue of Rs 3.3 lakh crore and EBITDA of Rs 25,094 crore during the year. Meanwhile, digital services arm Jio continued to expand rapidly on the back of strong 5G adoption and broadband penetration. The segment reported revenue of Rs 1.54 lakh crore and EBITDA of Rs 65,001 crore, supported by tariff hikes and rising subscriber engagement. 

The company also highlighted its aggressive push into new energy and green technologies. Reliance secured green financing facilities worth nearly $1 billion to fund sustainable projects and accelerate its transition toward becoming a net carbon zero company by 2035. The conglomerate is investing heavily in solar manufacturing, battery storage and green hydrogen infrastructure as part of its long-term clean energy roadmap. 

In the media and entertainment business, Reliance reported sharp growth, with revenue jumping more than 74% and EBITDA surging nearly 140%, reflecting strong traction across digital streaming, sports and entertainment platforms. 

Reliance also remained one of India’s largest contributors to the national exchequer, with total contributions rising to over Rs 2.16 lakh crore during FY26. The company said it remains focused on disciplined capital allocation, expanding its consumer ecosystem and strengthening technology-led growth platforms for the future.