Synopsis
Reliance Industries aims to more than double EBITDA by 2027, with growth driven by O2C, new energy, Jio, retail expansion, FMCG and AI ventures, reinforcing its Golden Decade transformation.
Reliance Group stock in focus as Mukesh Ambani is positive that it will more than double its EBITDA by 2027. During the Monday trading session, shares of India’s largest private sector company are in focus in the stock exchanges, after Chairman Mukesh Ambani announced at the 48th annual general meeting (AGM) that the company’s EBITDA will more than double by 2027.
At 03:11 p.m., the shares of Reliance Industries Limited (RIL) were trading at Rs. 1,353.7 on BSE, as against its previous closing price of Rs. 1,357.05, with a market cap of Rs. 18.3 lakh crores. The stock has delivered negative returns of about 11 percent in the last one year, but has gained by over 15 percent in the last six months.
What’s the News
As per the latest regulatory filings, Reliance Industries plans to more than double its EBITDA (operating profit) by 2027, Chairman Mukesh Ambani announced at the company’s 48th Annual General Meeting on Friday. Outlining the group’s long-term value creation roadmap, he emphasised a dual strategy of strengthening existing businesses while building new growth engines to drive sustained performance over the coming years.
Ambani recalled his 2022 commitment to double Reliance’s scale during what he calls the company’s Golden Decade. At that time, Reliance reported an EBITDA of ~Rs. 1.25 lakh crore ($14.6 billion). Reaffirming this promise, he said Reliance is on track to deliver more than double that figure by 2027, which will also mark the company’s 50th year of operations.
Addressing shareholders, Ambani described 2027 as the defining year of Reliance’s Golden Decade. He highlighted how the group has already evolved from a Fortune 1000 company into a Fortune 40 global powerhouse within a single generation, creating over $200 billion in value entirely in India.
This success, he said, stems from four guiding principles: aligning growth with national priorities, building businesses of the future, scaling to world-class standards, and investing significantly in talent and advanced technologies.
Looking ahead, Ambani projected stable returns from Reliance’s oil-to-chemicals (O2C) business and robust growth in the materials segment, powered by high-value green fuels and chemicals.
He noted that the new energy business, designed to make India self-sufficient in energy by 2047, is poised to become as large as O2C within the next five to seven years. “In scale, ambition, and impact, it will surpass everything Reliance has done so far,” he added.
Ambani also highlighted the rapid acceleration of the company’s consumer-facing businesses. Jio, with a subscriber base of over 500 million, is targeting a full 5G migration and aims to transition to 6G by 2030.
Meanwhile, Reliance Retail, which already serves more than 300 million customers monthly, is expected to significantly scale revenues through its omni-channel model spanning physical, digital, and B2B platforms.
He further identified two emerging ventures as future growth engines: Reliance Consumer Products, set to become the nation’s largest FMCG company, and Reliance Intelligence, which will drive AI-driven deep-tech innovation.
Ambani emphasised that “both have the potential to grow larger than our existing businesses.” He added that the intelligence business will play a pivotal role in driving India’s AI revolution, enabling adoption at scale and positioning the country as a global leader in artificial intelligence.
Ambani announced that Reliance Retail is targeting 20 percent compounded annual revenue growth over the next three years, supported by its rapid expansion. During the year, the company added 2,659 new stores, bringing its total footprint to 19,340 outlets across 7,000 towns.
He described Reliance Retail as one of the most transformative growth stories in modern India, emphasising the company’s readiness to embark on its “next chapter of super growth.”
Ambani highlighted several growth drivers fueling this momentum: the scaling up of quick commerce, deeper omni-channel integration, and the empowerment of over 42 lakh kiranas and small merchants through its B2B platforms.
Currently, nearly 70 percent of revenues are generated from physical stores, while the online segment contributes a high single-digit share, which is expected to surpass 20 percent within three years.
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Financials and more
RIL reported a marginal growth in its revenue from operations, showing a year-on-year increase of around 5 percent from Rs. 2,31,784 crores in Q1 FY25 to Rs. 2,43,632 crores in Q1 FY26.
Similarly, its net profit increased during the same period from Rs. 17,445 crores to Rs. 30,783 crores, representing a rise of about 76 percent YoY. Reliance Industries Limited is engaged in diverse business activities spanning across hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.
Written by Shivani Singh
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