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RIL
Reliance Industries
Q2 FY26 earnings call
▶
34:12
TRANSCRIPT
CEO · Mukesh Ambani
Jio Platforms added 12 million subscribers this quarter, taking our base past 490 million.
CFO · Srikanth V.
Retail EBITDA margins expanded 90 basis points on a structural basis…
✦ AI SUMMARYupdating live
Retail margins expanded on a structural basis, led by new commerce initiatives.
Jio added 12M subscribers this quarter; base now past 490M.
Q&A underway — analysts focused on retail growth and capex.
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RIL
Reliance Industries
Q2 FY26 earnings call
Transcript✦ AI analysis
SUMMARY
•Jio added 12M subscribers; base now past 490M.
•Retail margins expanded on new commerce initiatives.
SENTIMENT
Guidance
FY26 retail store addition guidance raised to ~1,500.
Revenue
Consolidated revenue grew ahead of consensus estimates.
Margin
Retail EBITDA margin expansion largely as guided.
Debt
Net debt ticked up on accelerated capex spend.
MANAGEMENT GUIDANCE
Retail store additions~1,500 in FY26Raised
Capex₹1.3–1.4 lakh crMaintained
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