Reliance crosses $10bn profit milestone as consumer arms drive S&P upgrade to A-
Reliance Industries posted FY26 net profit of Rs 95,754 cr (+17.8%) on revenue of Rs 11.76 lakh cr (+9.8%), becoming the first Indian firm past $10bn in annual profit. S&P upgraded the rating to A- from BBB+, citing growing contribution from consumer-facing Reliance Retail and Jio. Ambani forgoes salary for the sixth year.
Reliance Industries posted record FY26 net profit of Rs 95,754 cr (+17.8%), becoming first Indian company to cross $10bn profit. S&P upgraded rating to A- citing rising consumer-facing contribution. Ambani forgoes salary for sixth straight year.