Reliance heads into 2026 AGM with Jio IPO, gigafactories slipping; FMCG arm doubles to ₹22,000 cr
Mint's pre-AGM scorecard flags missed five-year targets: delayed new-energy gigafactories despite ₹75,000 cr commitment, no Jio IPO, and a 15% YTD share slide against an ₹18 trillion market cap. Wins include 5G rollout and Reliance Consumer Products doubling FMCG revenue to ₹22,000 cr via Campa, Ravalgaon and Southern Health Foods.
Ahead of Reliance's 2026 AGM, Mint reviews missed targets including delayed new-energy gigafactories and Jio IPO, while flagging hits like 5G rollout and FMCG arm doubling revenue to ₹22,000 crore via Campa and other acquisitions.