RELIANCE INDUSTRIES LTD. — Q2FY27 earnings call summary

Filed 01 November 2026 · Official transcript

Consol Q2 FY27 EBITDA Rs.62,409 Cr +24% y-y; PAT Rs.30,000 Cr +34% y-y
O2C EBITDA up 68%, tracking annualized Rs.80,000 Cr for FY27
Exploration steady; KG-D6 production sustained; LNG demand robust
New energy capex progressing; solar module 6 GW, battery pack commissioning in H2 CY26
Jio: 542 mn subs, 300 mn 5G, ARPU Rs.218.8, EBITDA Rs.21,879 Cr +16.6% y-y
Retail revenue +6.4% y-y, EBITDA margin 7.8%, investing in online growth (42% online grocery growth)
Multiple analyst queries on O2C margin capture and retail online investment; mgmt confident on growth and margin accretion
FMCG revenue Rs.8,266 Cr Q2, 1.6x y-y; launched Bombay Creamery ice cream