RELIANCE O2C – Q4 FY26 PERFORMANCE 🛢️📊
FINANCIALS
• Revenue: ₹1,84,944 Cr (↑ 12.4% YoY)
• Exports: ₹81,540 Cr (↑ 10.6% YoY)
• EBITDA: ₹14,520 Cr (↓ 3.7% YoY)
• EBITDA Margin: 7.9% (↓ 130 bps YoY)
VOLUME & OPERATIONS
• Throughput: 19.5 MMT (↓ YoY)
• Production: 17.2 MMT (↓ YoY)
• Strong chain optimization
GROWTH DRIVERS
• Higher crude prices (~+12% YoY)
• Strong domestic fuel demand
• Retail volume growth
MARGIN PRESSURE
• Weak chemical spreads
• Higher feedstock, freight costs
• Middle East disruptions
GLOBAL TRENDS
• Oil demand: 103.4 mb/d (↑ YoY)
• Refining throughput: ↑ 3% YoY
PRODUCT TRENDS
• PP: ↑ 3.3% | PE: ↑ 3.2%
• PVC: ↓ 10% (weak demand)
• PET: ↑ 4.5%
STRATEGIC ACTIONS
• LPG, KG-D6 prioritized domestically
• Focus on value maximization
• Cost optimization at Jamnagar
JIO-BP RETAIL
• Outlets: 2,199
• Diesel: ↑ 24% YoY
• Petrol: ↑ 37% YoY
• EV charging: 6,281 points
• Aviation fuel share: ~5.9%
CORE INSIGHT
• Revenue strong, margins under pressure
• Retail fuel growth strong
• Chemicals cycle impacting profitability
Impact: Neutral
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