RIL EBITDA margin hits seven-quarter high as O2C strength offsets retail weakness

January 19, 2026

Reliance Industries’ consolidated EBITDA margin reached a seven-quarter high, driven by a strong oil-to-chemicals division and RJio’s robust telecom performance. This growth partially offset weakness in the retail segment due to festive season shifts and GST rate changes. The company is also investing in a battery manufacturing facility and renewable power generation.

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