India’s largest conglomerate, Reliance Industries Limited (RIL), reported a 12.6% year-on-year decline in consolidated net profit for Q4 FY26, posting ₹16,971 crore against ₹19,407 crore in the previous year. Despite the earnings squeeze—driven primarily by margin pressures in the Oil-to-Chemicals (O2C) segment and volatile West Asia geopolitics—the company’s revenue surged 13% to ₹2.98 lakh crore. Strength in digital services saw Jio Platforms deliver a 13% profit jump to ₹7,935 crore, while Reliance Retail added over 300 new stores to reach a count of 20,160. Chairman Mukesh Ambani signaled long-term confidence by recommending a dividend of ₹6 per share and hinting that the highly anticipated Jio IPO remains steadily on track.
