Reliance heads into 2026 AGM with missed energy targets, FMCG arm doubling to ₹22,000 cr
Pre-AGM scorecard shows Reliance trailing on 100 GW solar, 40 GWh battery and gigafactory timelines despite ₹75,000 cr new energy commitment. Wins: 5G rollout complete and FMCG revenue doubling to ₹22,000 cr FY26 via Campa, Ravalgaon and Southern Health Foods. Stock down 15% YTD; Jio IPO eyed H1 2026.
Ahead of Reliance's 2026 AGM, Mint reviews missed targets across new energy gigafactories, solar capacity, and battery plants, while noting hits including 5G rollout and FMCG arm doubling revenue to ₹22,000 crore via Campa and other acquisitions.