Reliance Industries Q4 Results 2026: Will RIL Stock Rise or Fall Today?
Reliance Industries Q4 FY26 Preview: What Investors Need to Watch
Reliance Industries (RIL) - India's most valuable company - is reporting its Q4 FY26 earnings today, April 24. Here's a quick breakdown of what the Street is expecting.
The Big Picture
Brokerages estimate consolidated revenue in the ₹2.7–2.8 lakh crore range, implying up to 10% year-on-year (YoY) growth. However, EBITDA is seen largely flat, while net profit could decline up to 17% YoY a mixed bag for the bulls.
O2C - The Weak Spot
The Oil-to-Chemicals (O2C) segment is the biggest drag on earnings. Higher freight costs due to disruptions around the Strait of Hormuz, elevated gas costs, and weak petrochemical spreads are squeezing margins. Global energy market volatility from the West Asia conflict has put refining margins under pressure - a clear headwind for the stock.
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Jio - The Bright Spot
Jio's EBITDA is expected to rise ~3.3% QoQ, supported by a ~1% rise in ARPU (Average Revenue Per User) to ₹215.8 and steady subscriber additions. The upcoming Jio IPO remains a major re-rating catalyst that investors are keenly watching.
Retail - Slow but Steady
Retail EBITDA could rise to about ₹7,000 crore on improved traction, though overall performance remains muted. Investors will watch management commentary for any growth triggers ahead.
Stock & Sentiment
RIL shares are down ~14% year-to-date, trading below its 20, 50, and 200 EMAs - indicating a sustained bearish structure in the near term. Options markets are pricing in a ±2.7% post-result move.
Conclusion Line for Investors:
RIL's Q4 is a classic defensive hold - no major blowout, no major collapse. The long-term bull case rests on Jio's IPO and a recovery in O2C margins. For now, the stock is in a consolidation zone. Watch the dividend announcement and management guidance closely - that could be the next short-term market mover.
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