Reliance Industries has become the first Indian company to surpass $10 billion in annual profit, reporting a record net profit of Rs 95,610 crore for FY26. The conglomerate's consumer businesses, including Jio and Reliance Retail, drove robust growth despite a quarterly dip in its oil-to-chemicals segment. Reliance Retail has now crossed 20,000 stores.
Reliance Industries announced a record net profit of Rs 95,610 crore for the fiscal year ending March 2026, marking the first time an Indian firm has crossed the $10 billion threshold in annual earnings, as reported by The Economic Times. This achievement underscores the strength of its diversified portfolio amid challenges in traditional sectors. The oil-to-chemicals business experienced a quarterly decline, but consumer-facing arms provided a counterbalance with strong performance. Jio and Reliance Retail led the growth, expanding the retail network beyond 20,000 outlets nationwide. Led by Mukesh Ambani, Reliance continues to pivot toward consumer and digital services, bolstering its position as India's largest company by market capitalization.