Reliance Industries becomes first Indian company to surpass $120 bln revenue mark in FY26

Reliance Industries Limited has become the first Indian company to surpass the $120 billion revenue mark in the financial year 2025-26.

The oil-to-retail giant has grossed $124 billion in revenue in 2026, it said in a post on X.

"From a textile dream in 1966 to a $124 Billion global conglomerate in 2026. Reliance Industries becomes the first Indian company to surpass USD $120 Billion revenue landmark in FY 2025-26," Mukesh Ambani-owned RIL said.


This milestone was announced almost a month after RIL became the first Indian company to cross $10 billion in annual net profit.

The firm reported Rs 95,610 crore in net profit (before accounting for non-controlling interests), translating into a $10.1 billion bottom line at a year-end exchange rate of 94.4 to the dollar. Reliance’s net profit is more than the combined net profits of IT majors TCS, Infosys, and HCL Tech.

The company posted an EBITDA of $21.9 billion with Profit After Tax (PAT) at $10.1 billion for FY26.

RIL's digital business recorded a robust 18% YoY growth driven by subscriber additions, improved 5G and fixed broadband mix, and higher customer engagement. Its retail segment grew 8% YoY with the scale-up of hyperlocal commerce and soft F&L demand.

Oil to Chemicals business witnessed a growth of 10% YoY in the EBITDA, despite sanctions and severe dislocation towards year-end.