Reliance Industries set for strong Q3 with revenue outlook above ₹2.3 lakh crore

Reliance Industries is expected to post consolidated quarterly revenue exceeding ₹2,30,000 crore, supported by stronger refining margins, improved petrochemical realizations and continued expansion in its retail and digital services segments. Analysts noted that refining cracks have remained favourable through the quarter, while Jio’s subscriber additions and ARPU stability provide further earnings visibility. Retail performance continues to benefit from store expansion and festive-season demand. Brokerages expect steady operating profit growth across verticals though global crude fluctuations and polymer price softness could influence near-term trends. The stock remains widely tracked ahead of the announcement.