Reliance Industries Ltd
Reliance Industries Q4 FY25: Revenue ₹11,450 Cr, EBITDA margin 30%
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Reliance Retail expects continuous growth quarter-on-quarter, supported by positive like-for-like (LFL) growth and double-digit growth in the fashion business after recent turnarounds. Jio continues strong growth with 18% expansion and leadership in 5G subscriptions and ARPU, indicating robust earnings growth potential.
From Reliance Industries Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Reliance Retail expects continuous growth quarter-on-quarter, supported by positive like-for-like (LFL) growth and double-digit growth in the fashion business after recent turnarounds.
- Store expansions continue with net addition of about 500 stores after closing underperforming ones, indicating growth in physical retail footprint.
- Strong growth is anticipated in quick commerce with hyper-local deliveries seeing 2.4 times order increase quarter-on-quarter.
- The consumer brands business is on a strong trajectory with ₹11,450 crore sales in its second year, indicating robust FMCG growth.
- Expansion in digital and enterprise cloud services is contributing to faster revenue growth beyond connectivity.
- Jio’s leadership and 5G expansion provide growth drivers in mobility and enterprise markets.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Reliance Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex largely done for 5G network deployment; remaining spending includes minor infills and routine maintenance. (Page 27)
- Overall capex expected to decline post-major 5G investments; other ongoing capex includes Oil-to-Chemicals (O2C) and new energy projects. (Page 33)
- ₹ 75,000 crore planned for new energy giga factory, solar manufacturing, and related expansions; this budget is already mostly committed/spent. (Pages 29, 33)
- Polyesters expansion expected to commission by FY2027-28, with earnings impact starting from that period. (Page 29)
- Retail capex includes store renovations (Trends 3.0), digital upgrades, and expansion with a net addition of ~500 stores despite some closures. (Pages 10, 43)
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Reliance Industries Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The document does not explicitly mention the current or expected order book or pending orders in numeric terms.
- However, it highlights ongoing expansion projects in downstream sectors, such as PX and PTA, with capex planned below ₹75,000 crore (page 31).
- Reliance Industries is undertaking multiple large projects as part of a ₹75,000 crore investment plan focusing on downstream, new energy, and other sectors (various sections including pages 29, 31).
- The company is focused on delivering order fulfillment improvements, such as reducing delivery times in quick commerce to under 30 minutes covering 4,000+ pin codes (page 33).
2 more points management made on order book & pipeline
Reliance Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.9L Cr, net profit ₹20.6K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Reliance Industries Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Reliance Industries Ltd Q4 FY25 results?
Reliance Retail expects continuous growth quarter-on-quarter, supported by positive like-for-like (LFL) growth and double-digit growth in the fashion business after recent turnarounds. Jio continues strong growth with 18% expansion and leadership in 5G subscriptions and ARPU, indicating robust earnings growth potential.
What is Reliance Industries Ltd share price analysis?
Reliance Industries Ltd currently shows a neutral. The stock trades at a P/E of 23.7 with a market cap of ₹1,772,762 Cr. Investors should review the full earnings analysis for detailed insights.
Is Reliance Industries Ltd planning capital expenditure?
Capex largely done for 5G network deployment; remaining spending includes minor infills and routine maintenance.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.