Latest news with #RelianceIndustriesLimited
India.com
9 hours ago
- Business
- India.com
Just Dial, Netmeds, Campa Cola: 7 lesser known companies of Mukesh Ambani you should know about, 4th one will surprise you
Mukesh Ambani businesses: We all have heard about Mukesh Ambani who is known as the richest man in India and the fact that he owns the Reliance Industries Limited (RIL), which is one of India's most powerful business empires. However, do you know what are the businesses that billionaire Mukesh Ambani owns stakes in. Readers should note that Mukesh Ambani's Reliance Industries owns stakes in multiple industries including textiles, energy, petrochemicals, telecom, retail, media, and now green energy. It can easily be said that the Ambani led conglomerate influences nearly every sector of the Indian economy and operates through a wide network of subsidiaries. What are key businesses under Mukesh Ambani's RIL? The key businesses under Mukesh Ambani's RIL include Jio Platforms, which transformed India's telecom landscape, and Reliance Retail, the country's largest retail chain. After Reliance Jio debuted in the Indian market in 2008, it transformed the telecom market by offering mobile services, broadband, and digital apps at prices no one could ever imagine. What are the famous ventures of Mukesh Ambani? Another arm of RIL is the Reliance Retail which operates stores across fashion, grocery, electronics, and e-commerce. Also, on a more significant level, RIL also owns stakes in media arms like Network18. Some of the major Reliance Group companies include Reliance Industries Limited (RIL), Jio Financial Services, Network18, Viacom18, Jio Hotstar, Jio Saavn, DEN Networks, Hathway Cable, GTPL Hathway, Netmeds, Just Dial, Alok Industries, Sterling & Wilson Renewable Energy, Urban Ladder. Apart from these brands, Mukesh Ambani's RIL also owns Reliance Retail, JioMart, Ajio, Reliance Trends, Smart Bazaar, Tira Beauty, Reliance Fresh, Campa Cola, Reliance New Energy, Reliance Life Sciences, Reliance Jio Infocomm, Infomedia Press, Reliance Strategic Investments. What is the Net worth of Mukesh Ambani? As per Forbes Mukesh Ambani's net worth is $107.3 billion and he is ranked 16th in the list of the richest people in the world.
Fibre2Fashion
a day ago
- Business
- Fibre2Fashion
India's Reliance Industries' Q1 profit up; retail, fashion fuel growth
India's Reliance Industries Limited (RIL) has delivered a strong financial and operational performance in the first quarter (Q1) of fiscal 2026 (FY26), with consolidated gross revenue rising by 6 per cent year-on-year (YoY) to ₹273,252 crore (~$31.9 billion). The group's EBITDA surged by 35.7 per cent to ₹58,024 crore (~$6.8 billion), signalling a solid recovery across business segments. Commenting on the results, Mukesh D Ambani, chairman and managing director, Reliance Industries Limited said: 'Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros.' RIL has posted a strong Q1 FY26 performance, with consolidated revenue rising 6 per cent YoY to ₹273,252 crore (~$31.9 billion) and EBITDA up 35.7 per cent to ₹58,024 crore. Reliance Retail delivered robust results, with revenue of ₹84,171 crore and 388 new store additions. Fashion, Ajio, and Shein led growth, while digital expansion and quick-delivery initiatives strengthened customer engagement. Reliance Retail Ventures Limited (RRVL), the conglomerate's retail arm, posted quarterly revenue of ₹84,171 crore (~$9.76 billion), reflecting a year-on-year growth of 11.3 per cent. EBITDA rose 12.7 per cent to ₹6,381 crore, with EBITDA margins improving by 20 basis points to 8.7 per cent. Revenue from operations grew in tandem, supported by strong performance in grocery, fashion and lifestyle segments, the company said in its financial statement. During the quarter, the company added 388 new stores, bringing the total retail footprint to 19,592 stores across 77.6 million square feet. The registered customer base rose to 358 million, marking a 13.3 per cent annual increase, while total transactions jumped 16.5 per cent year-on-year to 389 million. The fashion and lifestyle segment stood out with robust growth, driven by new formats such as Gap, Azorte and Yousta, which registered a 59 per cent year-on-year rise and now collectively operate more than 170 stores. The company continued expanding its presence in non-apparel categories such as footwear, beauty and accessories. Ajio, Reliance's e-commerce fashion platform, saw notable improvements in customer engagement, with the revenue share from new users rising by 150 basis points year-on-year to 18 per cent, and average bill value increasing by 17 per cent. The platform expanded its catalogue by 44 per cent to over 2.6 million options, supported by the introduction of several new brands. Ajio Rush, a 4-hour delivery service launched in six cities, enhanced convenience and drove higher average order values and reduced returns. Shein, which returned to India through a partnership with Reliance, gained strong traction with over 2 million app downloads and 20,000+ live products. Premium offerings also gained momentum, with Ajio Luxe expanding its portfolio to 875 brands and Hamleys launching the Green Club, a sustainability initiative for children, while expanding into new geographies. The business also introduced the Mothercare Everyday range to further strengthen its kidswear offering, the statement added. Isha M Ambani, executive director, Reliance Retail Ventures Limited , said 'Reliance Retail delivered resilient performance during this quarter driven by our relentless focus on operational excellence, geographical expansion and sharper product portfolio. Our continued investments in cutting-edge technologies and differentiated product offerings have enabled us to serve our customers better and scale with agility.' In the polyester segment, margins were impacted, with the chain margin declining to $446/MT from $489/MT in the same quarter last year. Paraxylene (PX) margins over naphtha dropped by 34 per cent due to oversupply, although margins for monoethylene glycol (MEG) improved from a low base, thanks to lower inventory levels at Chinese ports. Downstream polyester product margins remained stable, supported by soft input prices and improved global demand. Fibre2Fashion News Desk (KD)
Business Upturn
2 days ago
- Business
- Business Upturn
Reliance Industries Q1 Results: Shares in focus as revenue jump 6% YoY to Rs 2.73 lakh crore, net profit rises 76.5% YoY
Reliance Industries Limited (RIL) shares are in focus today after the company reported its highest-ever consolidated quarterly net profit of ₹30,783 crore for Q1 FY26, a sharp 76.5% rise from ₹17,445 crore in the same quarter last year. The surge was driven by strong performances across its telecom, retail, and oil-to-chemicals divisions. Consolidated EBITDA also reached a record ₹58,024 crore, reflecting a 35.7% year-on-year jump. The EBITDA margin expanded to 21.2%, up from 16.6% a year ago, backed by improved profitability across key business segments. Gross revenue grew 6% year-on-year to ₹2.73 lakh crore for the quarter ended June 30, 2025. Jio Platforms posted strong results, with revenue up 18.8% and a healthy jump in EBITDA, supported by a growing 5G user base now crossing 200 million. Reliance Retail continued to expand, benefiting from strong demand across categories like grocery, fashion, and digital commerce. The oil-to-chemicals segment saw a slight revenue dip due to lower crude prices, but improved margins led to higher EBITDA. The oil and gas business reported a slight decline in both revenue and earnings due to production and maintenance factors. JioStar Media made a solid debut, riding on record IPL viewership, delivering over ₹11,000 crore in revenue. Capital expenditure for the quarter stood at ₹29,875 crore, and net debt remained steady at ₹1.17 lakh crore. The company also noted progress in home broadband, with over 20 million connections, and ongoing momentum in digital offerings like JioGames Cloud and JioPC. Retail expansion continued at a strong pace with 388 new stores added in the quarter. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Reliance IndustriesStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Insider
2 days ago
- Business
- Business Insider
Jefferies Sticks to Their Buy Rating for Reliance Industries Limited (RELIANCE)
Jefferies analyst Bhaskar Chakraborty maintained a Buy rating on Reliance Industries Limited today and set a price target of INR1,726.00. The company's shares closed last Friday at INR1,476.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Chakraborty is a 3-star analyst with an average return of 4.1% and a 59.38% success rate. Chakraborty covers the Energy sector, focusing on stocks such as Reliance Industries Limited, GAIL (India) Limited, and Bharat Petroleum Corporation Limited. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Reliance Industries Limited with a INR1,616.23 average price target, which is a 9.50% upside from current levels. In a report released today, Prabhudas Lilladher also upgraded the stock to a Buy with a INR1,555.00 price target. The company has a one-year high of INR1,551.00 and a one-year low of INR1,115.55. Currently, Reliance Industries Limited has an average volume of 863.6K.
Business Insider
2 days ago
- Business
- Business Insider
Positive Report for Reliance Industries Limited (RELIANCE) from Prabhudas Lilladher
In a report released today, Swarnendu Bhushan from Prabhudas Lilladher upgraded Reliance Industries Limited to a Buy, with a price target of INR1,555.00. The company's shares closed last Friday at INR1,476.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Reliance Industries Limited with a INR1,615.00 average price target. Based on Reliance Industries Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR2613880000 thousand and a net profit of INR194.07 billion. In comparison, last year the company earned a revenue of INR2365330000 thousand and had a net profit of INR189.51 billion
