Reliance AGM 2026: Jio User Base Crosses 524 Million, Says Chairman Akash Ambani

Written by: Team Angel OneUpdated on: 19 Jun 2026, 10:59 pm IST
Reliance Jio Chairman Akash Ambani highlighted that Jio is now gearing up for its next growth chapter, focusing on expanding 5G adoption, AI, and other offerings.
Reliance AGM 2026
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Reliance Jio has crossed 524 million subscribers, according to Chairman Akash Ambani, who addressed shareholders at the 49th Annual General Meeting of Reliance Industries. 

The company also reported that its 5G subscriber base has reached 268 million after adding 77 million users during FY26, making it one of the largest 5G networks globally outside China. 

Reliance Jio’s Subscriber Growth, Market Share  

Jio's subscriber base exceeded 524 million in FY26 following net additions of 9.1 million users during the fourth quarter. Average revenue per user (ARPU) improved to ₹214, while monthly churn remained at 1.7%.  

The company's 5G subscriber base reached 268 million and contributed nearly 55% of wireless data traffic. Its fixed broadband subscriber base expanded to 27.1 million, translating into an estimated market share of around 43%, supported by approximately 13 million JioAirFiber connections.  

Jio Platforms FY26 Operational and Financial Update 

Jio Platforms reported revenue of ₹1,46,885 crore for FY26, registering a 14.6% increase from the previous year. EBITDA stood at ₹76,255 crore, up 18.8%, while the EBITDA margin improved to 51.9%.  

Profit after tax crossed ₹30,000 crore for the first time, rising 15.1% year-on-year. During the financial year, total data traffic on the network reached 241 exabytes, a 30.8% increase from FY25. 

Reliance Jio’s Future Growth Plans 

The company said its long-term priorities include migrating subscribers to 5G by 2030, contributing to 6G standards.  

Jio also stated that satellite communications will be part of its connectivity strategy to provide coverage in areas beyond conventional telecom networks. 

Read MoreReliance AGM 2026: Reliance's FY26 Capex Reaches ₹1,44,271 Crore as Revenue, EBITDA and Net Profit Hit Record Highs! 

Conclusion 

The latest update showed continued growth in Jio's telecom and broadband businesses during FY26, supported by rising subscriber additions and network usage. The company also shared its long-term priorities across connectivity and technology services. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Jun 19, 2026, 4:59 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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