Reliance Industries Becomes 1st Indian Company to Cross $120 Billion Revenue Milestone in FY26

Reliance Industries reported revenue of $124 billion for FY26, becoming the first Indian company to cross the $120 billion mark in annual revenue. 

Reliance, which began operations as a textile business in 1966, has expanded over the years into refining, petrochemicals, telecom, retail and digital services. The latest financial year saw growth across consumer and energy businesses. 

Profit Above $10 Billion 

The company had earlier reported net profit of ₹95,610 crore for FY26 before accounting for non-controlling interests.  

Based on the year-end exchange rate of 94.4 against the US dollar, net profit stood at about $10.1 billion. 

Reliance also posted EBITDA of $21.9 billion during the financial year. Company data showed its annual profit exceeded the combined profits of Tata Consultancy Services (TCS), Infosys and HCLTech. 

Consumer Businesses Record Growth 

The digital services business reported 18% year-on-year growth in FY26. Reliance attributed the increase to subscriber additions, higher engagement and growth in 5G and fixed broadband services. 

The retail segment recorded 8% growth from the previous year. The company said expansion in hyperlocal delivery and demand in grocery and daily-use categories supported the business during the year. 

Reliance’s oil-to-chemicals business reported 10% growth in EBITDA despite volatility in global energy markets and sanctions-related disruptions towards the end of FY26. 

Comparison with Global Companies 

Figures shared by the company placed Reliance among the larger profit-making companies globally. However, companies such as Alphabet, Apple, Microsoft, and NVIDIA reported higher annual profits. 

Read More: Reliance Infrastructure Share Price in Focus After Q4 FY26 Earnings Results: Net Profit Down 79.1% YoY! 

Reliance Industries Share Price Performance 

As of 25 May 2026, 11:05 am, Reliance Industries share price was trading at ₹1,362.30, up 0.58% from the previous closing price. 

Conclusion 

Reliance Industries ended FY26 with revenue of $124 billion and net profit of $10.1 billion, supported by growth in telecom, retail and energy businesses. 

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