RIL Q2: Profit surges 16% as all engines gain steam

All of its key businesses—O2C, telecom and retail—saw marginal improvements

- Nehal Chaliawala

Reliance Industries Ltd outlined clear plans for its new-energy ventures—seen as the next growth engines for India’s most valuable company— even as its oil exploration business emerged as a weak link in an otherwise strong September quarter.

Reliance will begin operations at its first solar cell production line in Jamnagar this month, while its solar energy plants at Kutch will start generating power from the first half of 2026-27, the company said in an investor presentation on Friday.

However, the company did not provide a further update on its new-energy giga-complex at Jamnagar.

The project is touted to be the world’s largest single-location clean energy complex that will turn sand into solar modules, and use the clean power from these modulesto generate green hydrogen and run data centres.

Reliance’s fast-moving-consumer-goods business, another key growth driver, saw second-quarter revenue doubling from a year earlier to ₹5,400 crore, placing it ahead of other legacy FMCG companies. The demerger of the FMCG business, which will see it becoming a direct subsidiary of Reliance Industries, is progressing, the company said.

However, production from Reliance Industries's key Krishna Godavari D6 block fell for a fourth straight quarter.