Reliance Consumer aims INR1T revenue within 5 years

Reliance Consumer aims INR1T revenue within 5 years

Mukesh Ambani, chairman of Reliance Industries (RIL), has outlined ambitious plans for Reliance Consumer, aiming to achieve a revenue target of INR 1T (1 trillion) within the next five years. This aggressive goal is part of the broader strategy to expand Reliance's consumer business and integrate new energy value chains.

At the recent annual general meeting (AGM) of Reliance Industries, Ambani announced that Reliance Jio, a subsidiary of Reliance Industries, is making arrangements to file for its initial public offering (IPO) in the first half of 2026 [1]. The IPO is expected to be the largest in the history of Dalal Street, with a potential size of around Rs 52,000 crore. This significant listing would provide an exit option for marquee global investors like Meta Platforms Inc. and Alphabet Inc.’s Google, which invested more than $20 billion in Reliance’s digital venture in 2020.

CLSA, a global brokerage house, has retained its Outperform rating on Reliance Industries, with a target price of Rs 1,650, implying an upside of 16% from current levels [2]. The brokerage firm highlighted AI offerings via Jio, expansion of media and consumer businesses, and integration of new energy value chains as key catalysts. According to CLSA, any announcements regarding the Jio IPO at the upcoming AGM will be a key driver for investment opportunities.

Reliance Consumer's target of INR 1T revenue within five years is part of a broader strategy to leverage Reliance's existing strengths in digital, telecom, and consumer businesses. The company aims to capitalize on the growing demand for digital services and consumer goods, as well as the integration of new energy value chains. This ambitious goal aligns with Reliance's broader vision of becoming a global leader in the consumer sector.

References:
[1] https://economictimes.indiatimes.com/markets/ipos/fpos/mukesh-ambani-announces-reliance-jio-ipo-by-first-half-of-2026/articleshow/123581304.cms
[2] https://www.financialexpress.com/market/clsa-raises-target-price-for-reliance-industries-jio-ipo-and-3-big-catalysts-to-watch-3960962/