Investor Presentation

October 30, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, G Block, Bandra - Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 500325 Trading Symbol: RELIANCE Dear Sirs, Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Presentation on the Unaudited Financial Results The presentation on the Unaudited Financial Results (Consolidated and Standalone) for the quarter and half year ended September 30, 2026, to be made today, at the analyst meet, is attached and also available on the website of the Company at https://www.ril.com/investors/financial-reporting. This is for information and records. Thanking you Yours faithfully, For Reliance Industries Limited Savithri Parekh Company Secretary and Compliance Officer Encl.: as above Copy to: Luxembourg Stock Exchange Singapore Exchange Limited 35A Boulevard Joseph II, 2 Shenton Way, #02-02 SGX Centre 1, L-1840 Luxembourg Singapore 068804 Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail: investor.relations@ril.com, Website: www.ril.com CIN- L17110MH1973PLC019786 Financial Results Presentation 166 Q2 FY27 30 October 2026 Forward Looking Statement This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The companies referred to in this presentation cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. The company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. Table of Contents # Particulars Page No. A Consolidated Financial Performance 4 B Jio Platforms 12 C Retail 19 D FMCG 34 223 E Media 39 158 F Oil to Chemicals 45 G Oil and Gas 63 209 A Consolidated Financial Performance Key Highlights: Q2 FY27 8 ➢ Strong quarter in a turbulent world ➢ O2C leads the charge: EBITDA up 68% - largest RIL delivered strongest quarterly performance ever, even as driver of consolidated EBITDA growth, benefitting 197 global macro volatility and energy market disruption tested from unprecedented tightness in global energy businesses markets, all-time-high fuel cracks and feedstock advantage ➢ Highest-ever EBITDA: ₹62,409 crore (+23.9% YoY) The highest quarterly EBITDA in Reliance’s history, powered ➢ JPL IPO: a defining moment - Historic listing 253 by operational strength across businesses makes Jio India’s 2nd most valuable company with market cap of over ₹13,00,000 crore ($137 billion), ➢ Record quarterly PAT: ₹29,550 crore (+33.8% YoY) 158 unlocking value for shareholders and setting new PAT hit an all-time high, taking H1 FY27 PAT past the benchmarks for Indian capital markets ₹50,000 crore milestone Robust, diversified portfolio delivered consistent growth amid an uncertain global environment Note: Record PAT for Q2 FY27 and H1 FY27 are on recurring basis 5 O2C : Record Earnings, Excellent Execution, Built for Resilience Structurally positive view on O2C validated, geopolitical conflicts have further tightened energy markets 188 ➢ Record performance even after elevated opex, high crude premiums and surge in freight rates and insurance RIL well positioned with unmatched flexibility, asset utilization and integration ➢ Crude sourcing shifted to Americas and Med region, offsetting Gulf premiums and supply risk ➢ Ethane advantage at its widest; further increased ethane sourcing from US with addition to VLEC fleet ➢ Better price realization and higher asset utilization driving strong earnings for downstream chemicals Tight global balances and structural supply issues provide strong setup for O2C earnings ➢ H1 FY27 performance tracking annualized EBITDA of over ₹ 80,000 crore New Energy projects poised for accelerated operationalization in coming quarters 232 ➢ Earning contribution from FY28 Strong visibility of sustained elevated earnings in O2C; rapid roll-out of New Energy projects Robust India Centric Consumer Growth Platforms (1/2) Jio Platforms – Unmatched reach with clear path to improved monetization ➢ Total subs at 542.4 Mn, Industry-leading 5G subscriber base of 300 Mn ➢ 30 Mn fixed broadband subscriber base; FWA accounts for more than 50% of the current base ➢ Multiple monetization levers to drive sustainable high-teen growth for Jio 253 ✓ Increasing connectivity base across mobility, homes and enterprises ✓ Layering of digital services to increase wallet share ✓ Leveraging Technology IP for international markets Leveraging nation scale reach to deliver sustainable growth Robust India Centric Consumer Growth Platforms (2/2) Retail – Continuing focus on profitable growth ➢ Strategy unchanged from Q1 FY27 197 ✓ Building online presence with discipline, trading-off short-term earning growth to build scalable digital commerce platform ✓ Cashflows from stores business funding digital commerce growth ✓ FY28 and FY29 to see conversion of scale into value 223 ➢ Seeing early signs of progress – online scale rising with Grocery B2C online revenue up 42% YoY ➢ Online share up 270 bps in grocery B2C and 100 bps in Apparel and Footwear RCPL – Accelerated capacity addition and distribution scaleup to drive market penetration 126 Media – Widest reach across digital and linear; disciplined content strategy across genres to drive value Strong earnings drivers across business portfolio to maintain high EBITDA growth trajectory Consolidated Financial Results: Q2 FY27 Q2 FY26 Q2 FY27 ➢ Strong revenue growth led by O2C (+44%) and Change Particulars 90 Digital Services (+11%) ₹ crore ₹ crore $ Bn % ➢ Record quarterly consol EBITDA with improved 197 Revenue 283,548 362,268 37.8 27.8% margin capture in O2C and sustained subscriber EBITDA 50,367 62,409 6.5 23.9% growth in Digital Services 209 Finance Cost 6,827 8,481 0.9 24.2% 82 ➢ Strong growth in consolidated PAT despite higher interest cost Depreciation 14,416 15,315 1.6 6.2% PBT 29,124 38,613 4.0 32.6% ✓ RIL Standalone PAT up 68.2% at ₹ 15,354 crore 158 Tax 6,978 9,363 0.9 34.2% ✓ JPL PAT at ₹ 8,387 crore, up 13.7% PAT1 22,092 29,550 3.1 33.8% ✓ RRVL PAT at ₹ 2,611 crore, down 24.3% 126 Note: 127 1. PAT includes share from associates and JVs Record consolidated earnings – standout O2C performance and strong growth in digital services RIL Segment Performance: Q2 FY27 ₹ crore Q2 FY26 Q2 FY27 ➢ O2C: All-time high quarterly performance 8 Change % Oil to ✓ Tight fuel markets, advantaged feedstock sourcing 15,008 25,203 67.9% Chemicals 197 ✓ High logistics cost, SAED constrained EBITDA Oil and Gas 5,002 4,901 (2.0%) ➢ Oil and Gas: Lower KG D6 gas volumes, partly offset 209 Digital Services 18,882 22,223 17.7% by higher CBM volumes and condensate realization ➢ Digital Services: Strong subscriber addition (+7.1 % Retail 6,817 6,120 (10.2%) 242 YoY), 5G subscriber base at 300 Mn Others 4,658 3,962 (14.9%) ➢ Retail: Shift in festive season demand, continuing 166 investment in scaling online commerce Total EBITDA 50,367 62,409 23.9% Note: 1. Others include Media, FMCG, Real Estate, treasury income, un-allocable expenses, etc. Strong energy and digital business drive record performan [Showing first 8,000 characters — download PDF for full document]