Reliance Industries Q1 Results LIVE: Here's what brokerages expect from the Mukesh Ambani company - Jio, Retail in focus

Reliance Industries Q1 Results LIVE: Reliance Industries Ltd. (RIL) will be in the spotlight on Friday, July 17, as the oil-to-telecom conglomerate is scheduled to announce its financial results for the first quarter of FY27 after the close of market trading.

Market participants expect Reliance to deliver another strong quarter, although performance across its business verticals is likely to be uneven. A rebound in the oil-to-chemicals (O2C) business and continued growth in the digital services segment are expected to underpin earnings, while softer consumer demand in retail and weaker production from the upstream business may limit the overall upside.

Brokerages broadly expect the company to report healthy double-digit growth in revenue and operating profit, driven by stronger refining margins, improving petrochemical spreads and the steady performance of Jio. However, analysts believe the retail business could continue to face pressure from subdued consumption trends, while lower output from the KG-D6 block is expected to weigh on the performance of the oil and gas exploration segment.

Reliance Industries share price rose as much as 2.4% to its day's high of ₹1,323.80 per share on BSE on Friday, July 17, ahead of the company's June quarter results announcement today.

Brokerages remain broadly constructive on Reliance's earnings outlook, although expectations differ across businesses.

Equirus Securities expects consolidated net sales to rise 35% year-on-year to ₹3.28 trillion, EBITDA to increase 14.5% to ₹49,100 crore, and net profit to grow 13% year-on-year to ₹24,593 crore. However, it expects EBITDA margins to contract by 267 basis points year-on-year to 15%, although margins are likely to remain flat sequentially.

Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends. An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.

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