Reliance Industries Ltd (RIL) shares opened the day with a noticeable uptick as investors positioned themselves ahead of the company’s Q2 FY26 results. The stock climbed over 1% on Friday, reaching an intraday high of ₹1,417.50, compared to the previous close of ₹1,398.05 on the BSE. Investors and traders are closely monitoring earnings from the oil-to-telecom-to-retail giant, led by Mukesh Ambani, amid a backdrop of strong business momentum across its key segments.
Market Performance
- Reliance Share Price Today: Opened at ₹1,400, touched intraday high of ₹1,417.50.
- Stock Movement: Up over 1% pre-results as investor interest surged.
The movement underscores the confidence in Reliance’s diversified operations and the expectation of steady financial growth for the July–September quarter.
Main Highlights: Q2 Earnings Outlook
Reliance Industries is set to announce its Q2 results for FY26, covering the July–September period. Investors are focused on several key areas:
- Consolidated Revenue: Expected to post a healthy double-digit YoY growth.
- EBITDA Performance: Anticipated improvement driven by strong performance in the O2C (Oil-to-Chemicals), Retail, and Digital (Jio) segments.
- Margins: Likely to expand, reflecting operational efficiency and easing cost pressures.
The earnings will also shed light on Reliance’s strategic moves in its new energy business, retail store expansion, and telecom pricing dynamics.
Business Segment Performance
Oil-to-Chemicals (O2C)
- Improved refining throughput contributed to stronger EBITDA.
- Slight improvement in Gross Refining Margins (GRM) supported overall profitability.
- Auto-fuel marketing margin remained robust, bolstering segment performance.
Reliance Jio
- EBITDA: Likely to rise 2.7% QoQ.
- ARPU: Increased 1.1% QoQ to ₹211.
- Subscriber Base: Added 4 million net subscribers, taking the total to 502.1 million.
The telecom business continues to be a core driver of Reliance’s earnings, with steady growth in data usage and subscriber traction.
Reliance Retail
- Sequential EBITDA growth of over 4%, reflecting steady expansion and increased footfalls.
- Store additions and premium formats helped sustain revenue momentum.
While Retail growth faces some moderation due to high base effects and changing consumer spending, the segment remains resilient.
Strategic Outlook
RIL Chairman Mukesh Ambani, in the company’s 48th Annual General Meeting (AGM) held in August, emphasized the company’s ambition to evolve into a deep-tech enterprise. He reiterated that Reliance aims to double in size by the end of its “golden decade” in 2027.
Investors are also monitoring the pace of retail expansion, progress in new energy projects, and any significant updates regarding the Reliance Jio IPO. These developments are expected to guide market sentiment in the near term.
Summary
Reliance Industries shares displayed early gains ahead of its Q2 FY26 results, reflecting optimism around consolidated revenue growth, strong EBITDA performance, and rising margins.
With robust contributions from O2C, Retail, and Jio, the company continues to demonstrate financial resilience. The results, along with strategic updates on new energy and digital businesses, will set the tone for investor expectations in the coming quarters.
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