Reliance Industries Limited (RIGD) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Nice to see you all. So we had, you have seen the results, strong performance across businesses. And even within each of the businesses, the quality of numbers has just been improving quarter after quarter. And when you look at starting with Jio with 18% growth in EBITDA on the back of strong customers, both mobility as well as homes. So here the point here is not about just customer addition. customer addition, data usage, products that are on offer. So when I talk about quality, I'm referring to a lot of these factors and Anshuman will take you through in detail on some of these. So resulting in EBITDA margin expansion. Retail, this is something I know you all have been tracking. Overall EBITDA growth at about close to 17%. In fact, revenues have been higher, but about 18%. This is when you look at the categories, both fashion and lifestyle, grocery, electronics, all of them have seen anywhere between 17% to 23% increase in terms of year-on-year growth. FMCG continues to do well, and that is now with 5,300 crores, effectively double. The NCLT approval has come through, so this is something that the demerger will happen in... but we are waiting for the written judgment on that one. And here, clearly the focus is on brand building, on bottling capacity, on setting up of the food parks. Media and Kevin will talk through but very impressive set of numbers with 400 million MAUs that we have and a sharp jump in EBITDA too. Energy business, that's something that everybody has been tracking, good numbers there, 21% higher. on the back of a lot of things, but primarily coming from the increase in cracks across gasoline, gas oil, as well as ATF. And, you know, some of the factors about ethane light feed cracking, all of them coming in, you know, in terms of contributing, vol...