India, July 18 -- Reliance Industries Limited (RIL) reported a strong start to FY27, with consolidated revenue rising 25% year-on-year to Rs 3.11 lakh crore in the first quarter. The impressive performance was supported by double-digit growth across its Oil-to-Chemicals (O2C), Reliance Retail and Jio digital services businesses, reflecting the group's diversified business strength.

The company reported a consolidated net profit of Rs 20,946 crore, compared with Rs 26,994 crore in the corresponding quarter last year. The decline was primarily due to the absence of the one-time gain from the sale of its Asian Paints stake recorded in Q1 FY26 rather than weakness in its core operations.

EBITDA increased 10% year-on-year to Rs 54,067 crore,...