RIL share price rises over 2% ahead of Q1 results 2026 today: Here's what to expect

RIL results today: 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.

RIL is set to announce its financial results for the April-June quarter (Q1 FY27) on Friday, July 17, with the company expected to report its earnings after market hours.

The oil-to-telecom conglomerate opened at ₹1,301 apiece today, as compared to the previous close of ₹1,293 on Thursday. The Mukesh Ambani stock has been under pressure recently, down 1% in 1 month, around 3.5% in 3 months, 9.5% in 6 months, and nearly 11% in the last 1 year.

The stock has hit its 52-week high of ₹1,611.20 in January 2026 and its 52-week low of ₹1,253.65 in June 2026.

RIL Q1 results preview

Reliance is expected to report a resilient set of earnings for the June quarter, with strength in its oil-to-chemicals (O2C) and telecom businesses likely to offset weakness in retail and upstream operations despite ongoing geopolitical tensions in West Asia.

Brokerages expect the conglomerate to deliver healthy growth in revenue and operating profit, aided by stronger refining margins, improved petrochemical spreads and continued momentum in Jio. However, analysts remain cautious on the retail business due to subdued consumer spending, while lower production from the KG-D6 block is expected to weigh on the performance of the upstream segment.

Equirus Securities expects Reliance's consolidated net sales to increase 35% year-on-year to ₹328 crore. The brokerage has projected EBITDA to rise 14.5% to ₹49,100 crore, while consolidated net profit is estimated to grow 13% year-on-year to ₹24,593 crore.

Despite the expected earnings growth, Equirus forecasts EBITDA margins to contract by 267 basis points year-on-year to 15%, although margins are likely to remain broadly unchanged on a sequential basis.

Systematix Institutional Equities has a relatively more conservative view on the company's June-quarter performance. It expects consolidated net sales to grow 27% year-on-year to ₹309 crore, while EBITDA is projected to increase 9.9% to ₹47,100 crore.

The brokerage believes the improvement will be driven primarily by a recovery in the O2C business, along with steady contributions from the telecom and retail segments.

Among Reliance's businesses, the O2C segment is expected to emerge as the biggest contributor to earnings growth during the quarter as refining economics improve after a relatively weak March quarter. Better refining margins and stronger petrochemical spreads are expected to support profitability.

Meanwhile, the company's digital services arm, Jio, is expected to remain a key pillar of earnings, with steady operational performance continuing to provide stability to consolidated financials.

In contrast, Reliance Retail is expected to remain the weakest-performing business within the group's diversified portfolio. While the retail business continues to expand its footprint, analysts believe subdued consumer demand and slower discretionary spending are likely to keep pressure on margins during the quarter.

Should you buy RIL shares ahead of earnings?

Technical analysts believe the stock is showing signs of a potential rebound after finding support at key levels. According to Jigar S. Patel, Senior Manager - Technical Research Analyst at Anand Rathi Share and Stock Brokers, improving momentum indicators and signs of accumulation suggest the stock could witness further upside in the near term.

“The stock has formed a strong base in the ₹1,280–1,320 zone, which coincides with a previously established demand area, indicating renewed buying interest at lower levels. The technical setup has turned constructive, with bullish divergence visible on both the MACD and its histogram, suggesting that downside momentum is fading and a potential trend reversal could be underway. Adding further strength to the bullish outlook, Delta Volume has also registered a bullish divergence, reflecting accumulation by market participants despite recent price weakness. The confluence of price action, momentum indicators, and volume behaviour points towards an improving risk-reward setup,” Patel said.

As long as the stock sustains above the ₹1,280 support level, the probability of an upward move remains favourable. Hence, traders may consider maintaining a positive bias, with an expected upside target of ₹1,380, while keeping ₹1,280 as the key support and risk management level, he predicted.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.