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Time of India
6 days ago
- Business
- Time of India
RIL Q1 Results: 10 key takeaways from Mukesh Ambani-led energy-to-retail conglomerate's earnings
Here are key takeaways from its Q1 earnings: 1) Highest ever quarterly PAT 2) Revenue rise 3) Operating Profit 4) Net debt Live Events 5) Jio Platforms Q1 stats 6) Reliance Retail Ventures Q1 figures 7) Oil to Chemicals (O2C) segment 8) Jio-bp update 9) Oil & Gas exploration and production business 10) Management commentary (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Energy-to-retail conglomerate Reliance Industries (RIL) on Friday posted its June quarter earnings where the company reported several key milestones, including its highest ever consolidated quarterly operating profit and net profit. Its telecom business surpassed 200 million 5G subscribers while the retail business delivered a double-digit EBITDA and industry leading EBITDA Ambani-led RIL reported a 78% year-on-year increase in its Q1FY26 consolidated net profit to Rs 26,994 crore, compared to Rs 15,138 crore in the year-ago period. The profit, attributable to the owners of the company, exceeded Street estimates of Rs 22,069 crore. The profit after tax (PAT) grew 39% on a sequential basis versus Rs 19,407 crore in surge in profit was primarily driven by one-time gain of Rs 8,924 crore from the sale of RIL's stake in Asian company's revenue from operations rose 5.3% to Rs 2,48,660 crore versus Rs 2,36,217 crore in the year ago period. Its gross revenue stood at Rs 2,73,252 crore in the quarter under review. It was up 6% on a YoY company's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 58,024 crore rising by 36% over Rs 42,748 crore reported in the year ago period. Meanwhile, the EBITDA margin in the reported quarter stood at 21.2% rising by 460 bps on a YoY net debt as on June 30, 2025 stood at Rs 1,17,581 crore versus Rs 1,17,083 crore in Q4FY25 and Rs 1,12,341 crore in Jio, the telecom and digital arm of Reliance Industries reported a 25% YoY growth in its net profit at Rs 7,110 crore for the first quarter. While revenue from operations grew 19% YoY and stood at Rs 41,054 crore in the same period. The EBITDA Jumped 24% YoY to Rs 18,135 crore while EBITDA margin stood at 51.8%, rising 210 bps Average Revenue Per User (ARPU) stood at Rs 208.8, up 15% YoY. JioTrue5G user base crossed the 200 million milestone during the quarter and now stands at 213 million as of June the quarter, Jio reached the milestone of ~20 million connected premises with fixed more: Reliance Jio Q1 Results: PAT grows 25% YoY to Rs 7,110 crore; ARPU at Rs 208.8 Reliance Retail Ventures (RRVL) reported a 28% YoY growth in its net profit at Rs 3,271 crore for the first quarter. While revenue from operations grew 11% YoY and stood at Rs 73,720 crore in the same stood at Rs 6,381 crore, growing by 13% YoY while EBITDA margin was reported at 8.7%, recording a 20 bps business expanded its store network with 388 new store openings taking the total store count to 19,592 with area under operation at 77.6 million square feet. The registered customer base grew to 358 million. JioMart expanded quick hyper local deliveries registering 68% QoQ growth and 175% YoY growth of daily More: Reliance Retail Q1 Results: PAT rises 28% YoY to Rs 3,271 crore, revenue up 11% Segment revenue for 1QFY26 is lower by 1.5% YoY to Rs 154,804 crore ($ 18.1 billion) due to fall in crude oil prices and lower volumes on account of planned shutdown. Revenues were supported by higher domestic placement of transportation fuels through the Jio-bp EBITDA for 1QFY26 increased by 10.8% YoY to Rs 14,511 crore ($ 1.7 billion) due to favourable margins on domestic fuel retail, improvements in transportation fuel cracks as well as PP & PVC deltas. This was partially offset by lower volumes due to planned turnaround, and decline in polyester chain BP Mobility Limited (RBML) operating under brand Jio-bp, operates a country-wide network of 1,991 outlets versus 1,730 in 1QFY25. RBML quarterly sales for HSD (High Speed Diesel) grew at 34.2% and MS grew at 38.6% on YoY basis as against industry sales volume growth rate of (1.3%) for HSD and 7.1% for MS. RBML continued its robust sales clocking 172 TKL in 1QFY26 despite multiple disruptions during the quarter.1QFY26 revenue is lower by 1.2% YoY mainly on account of lower sales volume of KGD6 gas in line with natural decline in production. Revenue was also impacted by lower gas price for CBM gas and lower crude price realisation. This was partly offset by higher KGD6 gas price. The average price realised for KGD6 gas was $ 9.97/MMBTU in 1Q FY26 vis-à-vis $ 9.27/MMBTU in 1QFY25. The average price realised for CBM gas was lower at $9.90/MMBTU in 1Q FY26 vis-à-vis $11.59/MMBTU in 1Q declined 4.1% to Rs 4,996 crore on YoY basis on account of lower revenues coupled with higher operating costs due to maintenance on the results, Chairman & Managing Director Mukesh Ambani said that RIL has started FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1QFY26 improved strongly from the year-ago period, despite significant volatility in global macros, he said."During the quarter, energy markets encountered heightened uncertainty, with sharp fluctuations in crude prices. Our O2C business delivered strong growth, with thrust on domestic demand fulfillment and offering value-added solutions through Jio-bp network. Performance was supported by improvement in fuel and downstream product margins. Natural decline in KGD6 gas production resulted in marginally lower EBITDA for the Oil & Gas segment," Ambani the retail business, the CMD said that RIL's retail business continues to enhance its ability to fulfill everyday as well as specialized needs of all customer cohorts, through a multi-channel for Jio, he said that the business scaled newer heights during the quarter including crossing 200 million 5G subscribers and 20 million home connections.
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Business Standard
7 days ago
- Business
- Business Standard
Reliance Retail buys Kelvinator to expand premium appliances portfolio
Reliance Retail on Friday announced its acquisition of Kelvinator for an undisclosed amount as the company looks to chomp into a larger piece of the Indian consumer durables sector. 'Kelvinator, a brand synonymous with trust and innovation for over a century, pioneered electric refrigeration for home use globally. In India, it achieved iconic status in the 1970s and 80s with its memorable tagline, 'The Coolest One', and continues to be revered for its cutting-edge technology, superior performance, enduring quality, and exceptional value,' Reliance Retail said in its release. The statement also added that this acquisition strategically aligns with the company's vision of democratising aspirational living. 'By integrating Kelvinator's rich legacy of innovation with Reliance Retail's expansive and unparalleled retail network, the company is set to unlock substantial consumer value and accelerate growth in the rapidly expanding premium home appliances market across India,' the statement said. 'Our mission has always been to serve the diverse needs of every Indian by making technology accessible, meaningful, and future-ready,' stated Isha M Ambani, Executive Director, Reliance Retail Ventures, in the release. 'The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers. This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network,' she added. Reliance Retail Ventures, through its subsidiaries and affiliates, operates a network of 19,340 stores and digital commerce platforms across grocery, consumer electronics, fashion and lifestyle, and pharma consumption baskets, and has partnered with over 3 million merchants through its New Commerce initiative. The company reported a consolidated turnover of Rs 3,30,870 crore and EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 25,053 crore for FY25.
Time of India
04-07-2025
- Business
- Time of India
Reliance brings UK's FaceGym to India with stake buy
MUMBAI: Reliance Retail Ventures announced on Thursday that it will buy a minority stake in UK-based FaceGym. This equity investment will bring FaceGym into India. It did not disclose financial details. FaceGym, a facial workout brand, was founded by former Financial Times journalist Inge Theron, with the first outlet opening in Selfridges, London, in 2014. Over five years, Reliance will establish FaceGym's presence in India through a combination of standalone studios and curated spaces within select Tira stores. Reliance Retail Ventures, which houses grocery, consumer electronics, pharma, and fashion outlets, made an operating profit of Rs 25,053 crore on a turnover of Rs 3.3 lakh crore during FY25. "FaceGym sits at the unique intersection of beauty, wellness, and fitness, creating a category of its own. This aligns perfectly with the discerning beauty consumer in India who is experience-oriented and increasingly drawn to science-backed, innovative concepts," said Tira co-founder Bhakti Modi. Bhakti is the daughter of Manoj Modi, a confidant of RIL chairman Mukesh Ambani . Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
03-07-2025
- Business
- Business Standard
Reliance Retail to bring FACEGYM to India, makes minority investment in co
Reliance Retail Ventures on Thursday announced a strategic minority investment in UK-based FACEGYM, a global facial fitness and skincare company, and will also bring it to India. 'This marks a pivotal step in RRVL's continued expansion in the high-growth beauty and wellness space,' the company said in a release. Founded by wellness entrepreneur Inge Theron, FACEGYM offers non-invasive facial workouts with skincare formulations. 'Through this partnership, Reliance Retail's Tira will spearhead FACEGYM's foray into India – leading its local operations and market development, and bringing the brand's innovative concept to the Indian consumer,' Reliance Retail Ventures said in its release. Reliance will establish and scale FACEGYM's presence in India over the next five years, through a mix of standalone studios and curated spaces within select Tira stores across key cities. Commenting on the partnership, Bhakti Modi, Co-founder & CEO of Tira, said, 'At Reliance Retail, our commitment is to introduce world-class brands and innovative concepts and experiences to the Indian consumer. FACEGYM sits at the unique intersection of beauty, wellness, and fitness – creating a category of its own. This aligns perfectly with the discerning beauty consumer in India, who is experience-oriented and increasingly drawn to science-backed, innovative concepts. We welcome FACEGYM to our portfolio and to India, and are excited to unlock its immense growth potential in this dynamic market.'
Business Standard
22-05-2025
- Business
- Business Standard
Reliance Retail Ventures standalone net profit declines 11.53% in the March 2025 quarter
Sales rise 79.07% to Rs 2156.00 crore Net profit of Reliance Retail Ventures declined 11.53% to Rs 545.00 crore in the quarter ended March 2025 as against Rs 616.00 crore during the previous quarter ended March 2024. Sales rose 79.07% to Rs 2156.00 crore in the quarter ended March 2025 as against Rs 1204.00 crore during the previous quarter ended March 2024. For the full year,net profit rose 15.64% to Rs 3106.00 crore in the year ended March 2025 as against Rs 2686.00 crore during the previous year ended March 2024. Sales rose 11.82% to Rs 5706.00 crore in the year ended March 2025 as against Rs 5103.00 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2156.001204.00 79 5706.005103.00 12 OPM % 5.9811.21 - 8.7113.01 - PBDT 828.00956.00 -13 4610.004245.00 9 PBT 708.00828.00 -14 4144.003614.00 15 NP 545.00616.00 -12 3106.002686.00 16
