Reliance Industries Limited · NSE:RELIANCE
Reliance Industries — Q1 2026 Earnings Presentation
81 slides from Reliance Industries's earnings presentation, Jul 18, 2025
Slide 1: Regulation 30 disclosure cover letter to stock exchanges
July 18, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, G Block, Bandra - Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 500325 Trading Symbol: RELIANCE Dear Sirs, Sub: Disclosure under Regulat
Slide 2: Financial Results Presentation Q1 FY26
Financial Results Presentation Q1 FY26 18 July 2025 1
Slide 3: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or
Slide 4: Table of Contents
Table of Contents # Particulars Page No. A Group Performance 04 B Jio Platforms 09 C Reliance Retail 24 D JioStar 37 E Exploration and Production (E&P) 45 F Oil to Chemicals 50 G New Energy 68 3
Slide 5: Group Performance
a eee A_ Group Performance _F
Slide 6: RIL: Portfolio of Diversified and Multi-Decadal Growth Opportunity Businesses
RIL: Portfolio of Diversified and Multi-Decadal Growth Opportunity Businesses EBITDA 24% EBITDA 13% FMCG Media • India’s largest deep-tech • Multi-category, multi- • India’s fastest growing • 2nd largest OTT platform digital services company format, and omni- FMCG company, at globally • World’s high
Slide 7: Consolidated Financial Results: Q1 FY26
Consolidated Financial Results: Q1 FY26 1. YoY Revenue growth led by strong performance YoY in Retail (+11%) and Digital Services (+19%) Q1 FY25 Q1 FY26 Particulars Change 2. Robust YoY EBITDA growth with strong Rs crore Rs crore $ Bn % contribution from Revenue 257,823 273,252 31.9 6.0% ➢ Digital S
Slide 8: Strong Growth Momentum Across Businesses
Strong Growth Momentum Across Businesses 1. O2C: Robust integrated business model, Q1 Q1 YoY Q4 limited global refining capacity adds, and India- Rs crore FY25 FY26 Change % FY25 centric organic growth initiatives to create value Oil to 13,093 14,511 11% 15,080 2. E&P: Focus on reserve accretion and
Slide 9: Strong Balance Sheet: Q1 FY26
Strong Balance Sheet: Q1 FY26 Mar-25 Jun-25 Particulars Rs crore Rs crore $ Bn Net Debt 117,083 117,581 13.7 LTM EBITDA 183,422 198,698 23.1 Net Debt to LTM EBITDA (x) 0.64 0.59 0.59 ➢ Disciplined capital allocation framework; Net Debt to LTM EBITDA of < 1.0x ➢ Maintaining strong balance sheet and f
Slide 10: Jio Platforms
ll CD B_ Jio Platforms
Slide 11: Jio: Born as a Deep-Tech Company
Jio: Born as a Deep-Tech Company ➢ Jio has been a leading deep-tech company since its inception in 2016 ➢ Jio has created layers of unparallelled tech infrastructure across the country with own tech-stack ✓ World’s largest greenfield LTE and VoLTE deployment ✓ World’s fastest 5G deployment with own
Slide 12: Jio is a Leader in Every Way
Jio is a Leader in Every Way: Connectivity, Homes, Technology Superiority and Financial Performance #1 in Connectivity #1 in Homes Leadership in Technology 498 Mn+ 20 Mn+ True 5G Jio Platforms Subscribers Home Connects Network Slicing Digital Enterprise Solutions (9.9mn net additions in Q1FY26) (2.6
Slide 13: Connectivity – Unified Core Network and Automation Platforms
Connectivity – Unified Core Network and Automation Platforms 4G LTE 5G SMF Core UPF 4G Mobility +GWC +GWU SEPP 4G SCP Automation Packet Core Platforms UDR UDSF Probes ESG IIR BSS NRF IMS Platforms ACI Products AMF MANO 5G Mobility 5G Radio OSS Market SON LMF PCRF BTAS CTAS SLF PCF Place Platforms CA
Slide 14: StandAlone 5G – Enabling a Multi-Purpose Network
StandAlone 5G – Enabling a Multi-Purpose Network Jio is among the Top Tier-1 operators globally to Differentiated 5G experience using network slicing deploy URSP1 based dynamic network slicing One-network-fits-all Network with multiple slices Key software enablers Dynamic slicing Rate (URSP) control
Slide 15: Home – Extending Market Leadership
Home – Extending Market Leadership Fixed Broadband Subscribers (million) ➢ Jio reached the milestone of 20 million connected premises with fixed broadband ➢ JioAirFiber is now the largest FWA service 20.0 globally with a subscriber base of ~7.4 million 17.4 15.9 ➢ End-to-End control on full value ch
Slide 16: UBR – a Global First Offering At Scale
UBR – a Global First Offering At Scale ➢ Fixed broadband has strong demand but is supply constrained due to limited scalable options ✓ Last-mile fiber is not economical for mass roll-out due to cost and time to deploy ➢ Globally, telcos have had challenges with 5G Fixed Wireless Access (FWA) ✓ Cover
Slide 17: Global First – Jio's Scalable P2MP UBR Technology
Global First – Jio’s Scalable P2MP UBR Technology Technology Ownership Exclusive access to the P2MP (Point to MultiPoint) solution for UBR AirFiber UBR based Technology A6 Proven Performance C6 Home Perfected Tech stack with per-capita #1 RMDU consumption level higher than Fiber Home Modular deploym
Slide 18: Enterprise – Building Momentum With Large Enterprises
Enterprise – Building Momentum With Large Enterprises 1 3 Effective account management driving increase in wallet share Strong momentum in IoT portfolio ✓ Only Jio: Key Logos moving 100% connectivity to ✓ Strong momentum in IoT portfolio with market share Jio across factories, R&D centers, warehouse
Slide 19: JioGames – India's First Ever Cloud Gaming Platform
JioGames – India’s First Ever Cloud Gaming Platform 3 Mn+ 50 Mn+ Registered Users Hours Played ➢ Cutting-edge cloud gaming platform that allows users to play high-end console quality games on smartphone, laptop/desktop or Jio-STB ➢ No need for any additional hardware ➢ Bundled subscription gives Jio
Slide 20: JioAICloud: Democratizing AI and Cloud Storage
JioAICloud: Democratizing AI and Cloud Storage Secure Storage Cross-Device Sync Easy Sharing Frictionless Digi locker AI Events Media Streaming AI Photos Sign-in Integration (Photoshare) Action driven Unified storage Effortless albums Personalized, intuitive Document Scanner revamped supporting 38 t
Slide 21: JioPC – Converting TV Into A Cloud Computer
JioPC – Converting TV Into A Cloud Computer 10 Mn Immediate Opportunity Ready for mass-rollout Value Proposition Cost-Effective Cloud-Native `` Built-in Apps Forever Secure Flexible Pay-as-you- Cloud-Powered Smart apps for Built in Antivirus and Go model with Low Computing and productivity, learning
Slide 22: RJIL (Connectivity Business): Key Operating Metrics
RJIL (Connectivity Business): Key Operating Metrics Q1 Q4 Q1 Particulars Unit FY25 FY25 FY26 ➢ Subscriber additions with Total Customer base Mn 489.7 488.2 498.1 continuously increasing momentum across mobility and homes Net Customer addition Mn 8.0 6.1 9.9 ➢ Increased consumption and newer offering
Slide 23: RJIL: Q1 FY26 Financials
RJIL: Q1 FY26 Financials Operating Revenue (Rs crore) EBITDA (Rs crore) 56.0% 30,882 30,018 29,307 17,301 28,338 16,188 26,478 53.0% 15,798 15,225 14,022 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 EBITDA Margin ➢ RJIL operating revenue growth of 17% YoY driven by increased
Slide 24: Jio Platforms Limited: Key Financials
Jio Platforms Limited: Key Financials JPL Consolidated % YoY Rs crore Q1 FY25 Q1 FY26 Change Q4 FY25 ➢ Q1 FY26 Revenue from operations at Gross Revenue1 34,548 41,054 19% 39,853 Rs 35,032 Crore; 19% YoY growth Operating Revenue 29,449 35,032 19% 33,986 EBITDA 14,638 18,135 24% 17,016 ➢ EBITDA increa
Slide 25: Retail
C Retail 24
Slide 26: Reliance Retail: Largest, Most Intelligent, Integrated Retail Operating Ecosystem in India
Reliance Retail: Largest, Most Intelligent, Integrated Retail Operating Ecosystem in India Brands / Manufacturers / Producers Supply Chain 26 million+ sq ft 19,592 Physical Stores Online Platforms Warehouse Area 358 million+ Registered Customer Base B2B Key differentiators: scale, omni-channel, cust
Slide 27: Market Leadership – Outpacing Competition
Market Leadership – Outpacing Competition Reliance Retail is delivering higher profitable growth at a significantly larger scale 3,30,870 FY25A Gross Revenue, (1,7) Rs crore ~1,10,000 (1) (4) (5) ~75,000 71,338 65,185 (2) (6) (4) (3) (2) 22,371 18,141 12,645 ~12,000 11,897 Retail Flipkart Amazon Tit
Slide 28: Performance Highlights: Q1 FY26
Performance Highlights: Q1 FY26 ➢ Strong operating and financial performance; increase in gross revenue at 11% YoY to Rs 84,171 crore ✓ All segments performed well, with market leading performance in grocery and fashion ✓ Consumer electronics and devices impacted because of early onset of monsoons,
Slide 29: Financial Performance: Q1 FY26
Financial Performance: Q1 FY26 Q1 FY25 Q1 FY26 YoY change Q4 FY25 Particulars Rs crore Rs crore % Rs crore Gross Revenue 75,615 84,171 11.3% 88,620 Net Revenue 66,260 73,720 11.3% 78,622 EBITDA 5,664 6,381 12.7% 6,711 EBITDA Margin 8.5% 8.7% +20 Bps 8.5% Double-digit YoY revenue growth with sustaine
Slide 30: High Growth Vectors in Coming Quarters
High Growth Vectors in Coming Quarters Quick hyper local deliveries Store expansion Consumer products ➢ 4,290 pin codes in 1,000+ ➢ Store expansion picked up, with 388 ➢ 2x revenue YoY in cities serviceable new store openings consumer brands business ➢ Daily orders grew by ➢ Total store count increa
Slide 31: Grocery Offline – Foundation of Everyday Consumption
Grocery Offline – Foundation of Everyday Consumption ➢ Continued growth at scale, further consolidating market leadership ✓ Double-digit YoY growth in core categories: HPC (+15%), Fruits and Vegetables (+15%), Packaged Foods (+13%) ➢ Launched new products: Korean Noodles, Face Serum, Muesli Energy B
Slide 32: JioMart – India's Fastest Scaling Digital Grocery Platform
JioMart – India’s Fastest Scaling Digital Grocery Platform A. Quick Hyper-Local Commerce ➢ Daily orders grew 68% QoQ and 175% YoY ➢ Operations across 4,290 pin codes serviced by 2,200+ stores in 1,000+ cities (vs. competition largely focused on metro and Tier-1 cities) ➢ Focused efforts on frequency
Slide 33: Fashion & Lifestyle – Reinventing for the Next-Gen Shopper
Fashion & Lifestyle – Reinventing for the Next-Gen Shopper ➢ Growth in revenue and EBITDA driven by new store formats and strong own brand performance ➢ Growth has picked up with multiple initiatives taken in last 4 quarters ✓ Reliance Trends: Launch of in-trend designs and improved store experience
Slide 34: AJIO and Shein – Accelerating Digital Fashion Flywheel
AJIO and Shein – Accelerating Digital Fashion Flywheel ➢ AJIO continues to demonstrate improvement in consumer engagement metrics ✓ New customers revenue share at 18%, up by 150 bps YoY ✓ Average Bill Value up by 17% YoY Big Bold Sale Campaign ➢ Launched AJIO Rush, a 4-hour delivery service, live in
Slide 35: Fashion & Lifestyle – Capturing Aspirations Through Premiumisation
Fashion & Lifestyle – Capturing Aspirations Through Premiumisation Premium Brands ➢ AJIO Luxe has launched new brands (875 total brands) and catalogue expansion (SKUs count up 17% YoY) ➢ Hamleys continues to strengthen presence in key markets and expand into new geographies; Launched Hamleys Green C
Slide 36: Consumer Electronics – Service, Brand, and Solution-Led Business
Consumer Electronics – Service, Brand, and Solution-Led Business ➢ Average Bill Value up 26% and conversions up 200 bps YoY; AC sales impacted due to early onset of monsoon ➢ resQ continues to be the most popular and largest services network ✓ Service center network expanded by 31% YoY to 1,621 loca
Slide 37: Consumer Products: India's Fastest Growing FMCG Company
Consumer Products: India’s Fastest Growing FMCG Company Rs 4,400 Cr. (2x YoY) General Trade contributed Revenue in Q1 FY26 70%+ of sales Top recalled brand Robust manufacturing and World-class manufacturing and R&D during the IPL supply chain; continues to facilities with high-speed lines, Double-di
Slide 38: JioStar
D JioStar 37
Slide 39: IPL 2025 was a Thunderous Success Delivering Record Outcomes
IPL 2025 was a Thunderous Success Delivering Record Outcomes Across Viewership and Monetization The IPL final became the most- Biggest ever IPL opening weekend, IPL 2025 recorded the highest reach yet, watched match in IPL history. On with 1.4Bn digital views, 253Mn TV with 652Mn on digital, 537Mn o
Slide 40: Viewership Records were Shattered Consistently
Viewership Records were Shattered Consistently, from the Opening Weekend to the Final Match Biggest Ever IPL on Digital New Benchmarks on Linear TV JioHotstar Paid Biggest IPL Opening Live Watch Time Subscribers during IPL Weekend 6.4 Bn Hrs 7.44 TVR 287 Mn 29% YoY 39% YoY 49% on CTV Biggest IPL Mat
Slide 41: Continued Delight for Viewers with an Unparalleled Sports Viewing Experience
Continued Delight for Viewers with an Unparalleled Sports Viewing Experience on JioHotstar Jeeto Dhan JHS Fast 6 Voice Search Maxview 2.0 Dhana Dhan: Channels First of its kind, interactive Delighting core cricket 6 always on fast live Play and Win viewing features fans channels An interactive, gami
Slide 42: Digital Entertainment: Setting New Platform Benchmarks
Digital Entertainment: Setting New Platform Benchmarks “Strongest 2025’s Biggest Most Watched Highest Watch Second Highest opening for any Movie Across all International Film Time for a Ever Watch Time OTT original in Languages on Ever on the Malayalam Movie for a Tamil Movie 2025” – Ormax JioHotsta
Slide 43: Marquee Line-Up in the Coming Quarters to Drive Viewership Growth
Marquee Line-Up in the Coming Quarters to Drive Viewership Growth Bigg Boss Hindi Special OPS 2 The Trial Jolly LLB 3 Kyunki Saas Bhi… Reboot 42
Slide 44: Operational Performance: Q1 FY26
Operational Performance: Q1 FY26 ➢ IPL 2025 was the biggest ever in terms of viewership and monetization Sports ➢ Apart from IPL, JioStar hosted several marquee sports events including the ICC World Test Championship (WTC) Final and India – England Test Series ➢ Averaged 460 Mn+ monthly active users
Slide 45: Financial Performance: Q1 FY26
Financial Performance: Q1 FY26 ➢ Strong performance led by better Rs Crore Q1FY26 monetization and tighter cost controls ➢ IPL posted highest ever revenue with solid Revenue from Operations 9,601 YoY growth ➢ Superlative performance in Subscription EBITDA 1,017 revenue across both Digital & TV ➢ TV
Slide 46: Exploration and Production (E&P)
E Exploration and Production (E&P) 45
Slide 47: Financial Performance: Q1 FY26
Financial Performance: Q1 FY26 Q1 FY25 Q1 FY26 YoY change Q4 FY25 ➢ YoY Revenue marginally lower Particulars Rs crore Rs crore % Rs crore Revenue 6,179 6,103 (1.2)% 6,440 ✓ 8% decline in KGD6 volume EBITDA 5,210 4,996 (4.1)% 5,123 ✓ Lower CBM gas price & KG D6 Crude price realization EBITDA Margin 8
Slide 48: Operating Performance: Q1 FY26
Operating Performance: Q1 FY26 Q1 FY25 Q1 FY26 YoY Q4 FY25 QoQ ➢ Average production for the quarter Production change change RIL Share (BCFe) (BCFe) % (BCFe) % ✓ KGD6 gas at 26.6 MMSCMD KGD6 69.4 63.9 (7.9)% 63.7 0.3% ✓ CBM at 0.88 MMSCMD CBM 2.3 2.8 21.7% 2.7 3.7% ✓ Oil / Condensate at 19,300 bbl /
Slide 49: Global Gas / LNG Markets
Global Gas / LNG Markets Historical Prices ($ / MMBtu) 1. Gas/LNG prices remain rangebound amid geopolitical tensions 14 ➢ Spot LNG prices remained between $11-13/MMBtu, except 11 for a brief spike to $15 during Israel-Iran conflict ✓ Lower demand amid US tariff driven uncertainties and 8 revised EU
Slide 50: India Gas Market
India Gas Market ➢ Gas consumption remained robust at 186 Ceiling Price Vs WIM LNG ($/MMBtu) MMSCMD, marginally impacted by 13.68 ✓ Sustained competition from alternate fuels 12.91 12.53 12.12 ✓ Lower than anticipated demand from power sector due to early onset of monsoon 11.29 10.53 ➢ Aligned with
Slide 51: Oil to Chemicals
F Oil to Chemicals 50
Slide 52: Financial Performance: Q1 FY26
Financial Performance: Q1 FY26 ➢ Revenue decline on account of lower oil price and YoY Q1 Q1 volumes, partly offset by higher domestic Rs crore change Q4 FY25 FY25 FY26 placement % ➢ Strong domestic fuel placement YoY through Revenue 157,133 154,804 (1.5%) 164,613 Jio-bp’s robust network of ~2,000 r
Slide 53: Operating Performance: Q1 FY26
Operating Performance: Q1 FY26 Q1 Q4 Q1 Volume (in MMT) FY25 FY25 FY26 ➢ Completed planned maintenance of one CDU Throughput 19.8 20.3 19.1 and one hydrotreater unit on schedule Production meant for sale ➢ Throughputs of major secondary units like Transportation fuels 11.6 12.0 11.4 Platformer and F
Slide 54: Jio-bp: Focus on Higher Throughput and Network Expansion
Jio-bp: Focus on Higher Throughput and Network Expansion Volume Growth MS & HSD: ATF: E Mobility: CBG & CNG: (Q1’26 vs Q1’25) 1.9 Mn KL (35%) 172 TKL 9.4 GWh (134%) 55 TMT (190%) Market Share & MS: HSD: ATF: Market 3.64% 5.84% 5.9% Effectiveness (ME)1 ME:1.7 ME: 2.8 CBG & CNG Convenience Retail Outl
Slide 55: Energy Market Environment: Q1 FY26
Energy Market Environment: Q1 FY26 Avg. Brent Crude ($/bbl) 84.9 ➢ Average Brent Crude prices fell over 20% Y-o-Y 80.2 75.7 74.7 ✓ US tariffs uncertainty, accelerated unwinding of 67.8 OPEC+ production cuts ➢ Global refinery operating rates supported by stable demand and supply disruptions 1Q FY25 2
Slide 56: Global Oil Demand: Q1 FY26
Global Oil Demand: Q1 FY26 Global Oil Demand (Million Barrels Per Day) ➢ Global oil demand rose by 0.6 mb/d Y-o-Y 102.9 102.4 103.4 ✓ Asia (ex. China and OECD Asia) - 0.3 mb/d ✓ ME - 0.18 mb/d ✓ Africa - 0.18 mb/d 1QFY25 4QFY25 1QFY26 ➢ Global transportation fuel demand growth 29.3 28.7 29.6 r
Slide 57: Fuels: Cracks Recovered YoY But Below 5-year Average
Fuels: Cracks Recovered YoY But Below 5-year Average Q1 FY26 Avg. Product YoY Change Key Factors (YoY) Price / Margin Brent crude US tariffs uncertainty and accelerated 20% $67.8/bbl price unwinding of production cuts by OPEC+ Gasoil cracks 7% $15.8/bbl Middle East conflict and lower inventory Gasol
Slide 58: Fuel Markets: Gasoline
Fuel Markets: Gasoline 1Q FY26 Drivers Gasoline Cracks ($ / bbl) ➢ Cracks were higher Y-o-Y on Middle East conflict, lower stocks in Singapore ✓ Singapore light distillate stocks below 5 yr Avg and 1.1 MMB lower Y-o-Y 10.0 9.9 8.5 ➢ India gasoline demand up 7.1% Y-o-Y supported by growing personal m
Slide 59: Fuel Markets: Diesel
Fuel Markets: Diesel Gasoil Cracks ($ / bbl) 1Q FY26 Drivers ➢ Refinery turnarounds in Middle East and China and Iran- Israel conflict 19.6 ➢ India’s HSD demand rose 2.6% Y-o-Y supported by resilient 15.8 demand from agricultural sector 14.8 14.3 RIL Actions ➢ Stronger domestic product placement res
Slide 60: Fuel Markets: ATF / Kero
Fuel Markets: ATF / Kero ATF Cracks ($ / bbl) 1Q FY26 Drivers ➢ Jet cracks largely tracking global Gasoil cracks 16.3 ➢ Domestic ATF demand rose 4% Y-o-Y supported by rise in 14.2 air traffic 13.2 13.2 RIL Actions ➢ Volume of 172 TKL despite headwinds due to closure of air- space and flight cancella
Slide 61: Downstream Chemicals Market Environment: Q1 FY26
Downstream Chemicals Market Environment: Q1 FY26 Avg. US Ethane Price (cpg) 30 27.3 ➢ US Ethane price averaged at 24.1 cpg, up 25% YoY 25 24.1 inline with US natural gas prices 22.0 20 19.2 15.7 ✓ Ethane cracking economics still remain favourable 15 over naphtha despite higher ethane price 10 ➢ Naph
Slide 62: Downstream: Margin Environment
Downstream: Margin Environment Q1 FY26 Avg. Product YoY Change Key Factors (YoY) Price / Margin Naphtha prices 14% $561/MT Lower cracker operating rate and subdued downstream demand US Ethane Strong US natural gas prices 25% 24.1 cpg prices PE 1% $325/MT • Higher supplies leading to lower product pr
Slide 63: Cracker Feedstock Margins: Ethane Continues to Remain Most Competitive Feedstock
Cracker Feedstock Margins : Ethane Continues to Remain Most Competitive Feedstock in Q1 FY26 Crude Dubai Integrated Ethane Cracker Integrated Propane Cracker Integrated Naphtha Cracker 120 950 100 SEA Ethylene Margins ($ / MT) 750 80 550 Crude ($ / bbl ) 350 60 150 40 -50 20 -250 -450 0 Jul-20 Oct-2
Slide 64: Polymer Market: PE
Polymer Market: PE PE Deltas ($/MT) 1Q FY26 Drivers ➢ PE delta over naphtha decreased 1% YoY due to weak 378 demand, keeping product price under pressure 330 325 277 ➢ Domestic demand down 1% mainly from pipe sector RIL Actions ➢ Optimised Naphtha Vs Ethane feed cracking Near-term Dynamics ➢ Domesti
Slide 65: Polymer Market: PP
Polymer Market: PP PP Deltas ($/MT) 1Q FY26 Drivers 419 ➢ PP delta up 13% YoY led by lower naphtha price. 360 ➢ Domestic PP demand up 7.2% YoY - healthy growth in 318 312 packaging, consumer goods, automotive and hygiene sectors RIL Actions ➢ Focus on specialty grades and high-growth domestic market
Slide 66: Polymer Market: PVC
Polymer Market: PVC 1Q FY26 Drivers PVC Deltas ($/MT) ➢ PVC delta improved with sharp decline in EDC prices (42% down with increased availability with strength in caustic price) 468 ➢ Domestic PVC demand remains stable despite early arrival of 371 385 356 monsoon RIL Actions ➢ Advancing on key proje
Slide 67: Polyester Chain
Polyester Chain Polyester Chain Deltas ($/MT) 1Q FY26 Drivers ➢ Polyester chain delta down 9% YoY due to 34% decline in PX 522 deltas with higher availability; QoQ chain delta up 8% 489 446 412 ➢ MEG delta significantly improved due to tight supplies from ME ➢ Healthy polyester demand – POY (+9%), P
Slide 68: Business Dynamics and Priorities
Business Dynamics and Priorities Business Dynamics ➢ Energy market volatility and global macro continue to influence O2C business performance ➢ Stable refining outlook with healthy demand growth of 0.7 mb/d for CY25 and limited net capacity addition ➢ Downstream chemical margins likely to remain con
Slide 69: New Energy
G New Energy 68
Slide 70: World's ONLY End-to-End Integrated Green Energy Business
World’s ONLY End-to-End Integrated Green Energy Business Manufacturing Gigafactories forming integrated Generation / Production Solar PV value chain RE – RTC Power Captive RE-RTC Polysilicon Plant Demand of RIL Ingot RE Generation Battery Energy Storage Wafer External Third Solar Cells Party Sales M
Slide 71: We Are Progressing with Commissioning of Our Plants at Rapid Pace
We Are Progressing with Commissioning of Our Plants at Rapid Pace ➢ Completion and commissioning activities of our New Energy manufacturing are in full swing ➢ This will be worlds’ most advanced in technology and most integrated manufacturing ecosystem and largest at scale outside China ➢ We have al
Slide 72: New Energy Business is Next Growth Engine for RIL
New Energy Business is Next Growth Engine for RIL ➢ Focus on meeting RIL Group’s large and growing captive energy requirements ➢ World leading scale, full integration through value chain and latest technology providing industry leading “high” efficient solar panels and ESS batteries ➢ Translating in
Slide 73: Construction Site – Bird's Eye-view
Construction Site – Bird’s Eye-view 72
Slide 74: Module Giga-factory Update (1/3)
Module Giga-factory Update (1/3) 73
Slide 75: Module Giga-factory Update (2/3)
Module Giga-factory Update (2/3) 74
Slide 76: Module Giga-factory Update (3/3)
Module Giga-factory Update (3/3) 75
Slide 77: Cell Giga-factory Update
Cell Giga-factory Update 76
Slide 78: Glass Giga-factory – Birds' Eye View of Construction Progress
Glass Giga-factory – Birds’ Eye View of Construction Progress (Largest Solar Glass Factory in India) 77
Slide 79: PolySilicon Giga-factory – Construction Progress
PolySilicon Giga-factory – Construction Progress (Only PolySilicon Giga-factory in India) 78
Slide 80: Concluding Thoughts
Concluding Thoughts ➢ RIL has built a diversified portfolio of businesses with multi-decadal growth opportunity ✓ All our businesses (Energy, New Energy, Digital Services, Retail, FMCG and Media) are perpetually growing businesses – driven by India’s large population, young demographics, increasing
Slide 81: THANK YOU
THANK YOU 80