Reliance Q1 profit soars 78.3% on windfall from Asian Paints stake sale

FMCG arm to be demerged from Reliance Retail

- KRISHNA KANT

Reliance Industries Ltd (RIL) on Friday reported a better than expected 78.3 per cent year-on-year (Y-o-Y) growth rate in net profit during April-June 2025 (Q1FY26), which was largely due to a one-time gain from its stake sale in Asian Paints.

The oil-to-retail-to-telecom conglomerate earned ₹8,924 crore from selling its 4.9 per cent in the paints major.

RIL's consolidated net sales were, however, slightly below expectations and were up just 5.1 per cent Y-o-Y and down 6.8 per cent quarter-on-quarter (Q-o-Q).

The slower growth in revenue was largely due to a Y-o-Y contraction in its oil-to-chemicals and oil & gas business.

In comparison, both Jio Platform and Reliance Retail reported double-digit Y-o-Y growth in net sales during the quarter.

In an investor presentation, Reliance Retail Ventures Limited (RRVL) said that Reliance Consumer Products—the fast-moving consumer goods business—is being demerged from RRVL to build a focused organisation and house all consumer brands portfolio. The presentation said that the demerger scheme had been filed and was effective from April 1.