Mumbai: Reliance Industries Limited (RIL) financial results for Q4 FY26 has been a mixed bag, with the company’s core petrochemical business witnessing a 12.5% decline in Net Profits, even as Jio Platforms’ PAT rose 13%. The two-month-old US-Iran war has affected RIL’s petrochemical business, with its profits declining from ₹19,407 crore last year to ₹16,971 crore this time,
Reliance Jio’s rise
This was mitigated by Reliance Jio Platform’s 13% rise in Profit After Tax (PAT) to ₹7,935 crore from ₹7,022 crore a year ago. The company Average Revenue Per User (ARPU) has increased by 3.8% from ₹206.2 last year to ₹214 this time.
“I am happy to note that we are advancing steadily towards the listing of Jio Platforms. This will mark a defining milestone in its journey as it continues to scale new heights and contribute to India’s digital future,” Reliance Industries Chairman Mukesh Ambani said, on the long awaited IPO for Jio Infocomm.
Reliance Retail: The Quick-Commerce Pivot
Reliance’s other customer business vertical, Reliance Retail Ventures Limited (RRVL), has seen its net profits remain flat at ₹3,563 crore, even though revenues rose 11% to ₹85,253 crore in the quarter. The retail behemoth has become the first organized retail chain to hit the 20,000 store milestone even as it looks to compete with Swiggy and Zomato in the quick commerce segment.
The company has witnessed a 29% QoQ growth in its digital commerce arm JioMart, even through the company did not disclose the total number of orde₹
“The most significant shift this year was structural. Hyperlocal commerce orders grew more than four-fold year-on-year. We operate India’s widest hyperlocal delivery network across grocery, electronics and fashion – powered by 3,100+ stores across 1,200+ cities and 5,100+ pin codes. This is a uniquely Indian platform, built on a uniquely Reliance scale-advantage,” Isha Ambani, executive director at RRVL, said.
