Reliance Q2 FY27: Profit Up 40.6% on O2C Strength, Retail Profit Slips

Reliance Q2 FY27 Results

Reliance Industries reported its September-quarter numbers on 30 October 2026.

Key numbers

• Consolidated net profit: ₹25,548 crore, up 40.6% from ₹18,170 crore a year earlier.
• Oil-to-chemicals (O2C): the main driver of the quarter, with sharply higher EBITDA on stronger refining margins.
• Retail: the weak spot, with retail profit down about 24%, partly because the festive season fell in Q3 this year.

Analyst view

Goldman Sachs kept its Buy rating with a target of ₹1,840, according to reports, noting EBITDA ahead of estimates.

What it means for traders

Reliance is the heaviest stock in the Nifty, so its earnings set the tone for the index. The split between a strong O2C business and soft retail is worth tracking into Q3, when festive sales land.

Figures from company reports and news coverage; check the exchange filing for official numbers. Educational content, not investment advice.