The company’s Oil-to-Chemicals (O2C) business recorded strong growth during the quarter, supported by domestic demand and improved fuel and downstream product margins.
Also Read: Reliance Industries Q1 Results: O2C EBITDA up 11% YoY; Jio-bp outpaces industry“Our O2C business delivered strong growth, with thrust on domestic demand fulfilment and offering value-added solutions through Jio-bp network,” Ambani said. The Oil & Gas segment saw a marginal drop in EBITDA due to a natural decline in KGD6 gas production.
In retail, the customer base rose to 358 million, alongside what Ambani called a “significant improvement across operating metrics”. “We are focusing on strengthening the portfolio of own FMCG brands, which resonate with the tastes of Indian consumers. Our Retail business continues to enhance its ability to fulfil everyday as well as specialised needs of all customer cohorts, through a multi-channel approach.”
Jio crossed 200 million 5G subscribers and reached 20 million home connects during the quarter. “Jio AirFiber is now the largest FWA service provider in the world, with a base of 7.4 million subscribers,” Ambani said. He added that Jio has consolidated its position through offerings across mobility, broadband, enterprise connectivity, cloud and smart homes.Also Read: Reliance Industries Posts 78% Surge in Q1 Net Profit, Driven by Consumer Growth and One-Time Gain
On the media front, Ambani said the business has become a one-stop platform for entertainment, sports and news content from around the world. “Reliance is committed to contributing to India’s growth this journey through inclusive growth, technological innovation and leading energy transformation,” he said. “The performance of our businesses and growth initiatives gives me confidence that Reliance will continue its stellar track record of doubling every 4–5 years.”
Reliance Industries today reported its highest-ever quarterly profit of ₹26,994 crore for the April-June quarter, reflecting a growth of 78.3% over the year-ago period, driven by a bumper showing of consumer businesses.
The oil-to-retail-to-telecom conglomerate’s consolidated net profit attributable to owners of the company stood at ₹26,994 crore, or ₹19.95 per share, in April-June 2025 compared to ₹15,138 crore earnings in the year-ago period.
Also Read: Reliance Jio Q1 Results: Revenue per user rises to ₹208.7, boosting profit by nearly 25%
The net profit was also 39% higher quarter-on-quarter when compared to ₹19,407 crore earnings in the preceding three months ended on March 31. The firm helmed by billionaire Mukesh Ambani continued to post an uptick in consumer businesses — retail and telecom.
