India's Biggest Company Reliance Industries Posted it's Q4FY25 Results on Friday 25th April, Net Profit of Mukesh Ambani led Company Rises 2.4% YoY to ₹19,407 Crore and Revenue Comes at ₹2.64 lkh Crore and company announced ₹5.5 Dividend Per Share 

Here's What Brokerages Says On Reliance Industries Q4 Results 

CLSA on RIL

• Rating: Outperform (O-P)
• Target Price: ₹1650
• Q4 PAT (Profit After Tax) was slightly ahead of estimates.
• Management has guided that Reliance Retail will resume strong growth from 1QFY26.
• For the first time, RIL committed to aggressive expansion in quick-commerce, offering 30-minute deliveries with no delivery or hidden charges.

Nomura on RIL

• Rating: Buy
• Target Price: Raised to ₹1650
• RIL delivered robust results across all business segments.

Three near-term triggers identified:

1. Scaling up of the new energy business,

2. Upcoming tariff hikes for Jio,

3. Potential IPO/listing of Jio, offering significant value-unlocking for shareholders.

J.P. Morgan (JPM) on RIL

• Rating: Overweight (OW)
• Target Price: ₹1530
• Strong acceleration of Reliance Retail's growth to 16% YoY (in both Revenue and EBITDA) stood out in Q4.
• With favorable valuations, JPMorgan expects this growth momentum to drive RIL’s share price higher in the near term

Morgan Stanley (MS) on RIL

• Rating: Overweight (OW)
• Target Price: ₹1606
• RIL outperformed expectations on both operational and earnings fronts, especially in Retail and O2C (Oil to Chemicals) margins.

Key drivers for 2026:

1)Ramp-up of the new energy business,

2)Growing traction for consumer brands,

3)Improved fashion & lifestyle margins

Macquarie on RIL

• Rating: Outperform (O-P)
• Target Price: ₹1500
• Q4 results were in line with expectations.
• Jio was the largest contributor to incremental group EBIT.
• Retail revenue growth momentum improved notably:

From 3% in 1HFY25,To 9% in the December quarter,And now 16% in Q4, along with a mild margin expansion.

Nuvama on RIL

• Rating: Buy
• Target Price: ₹1708
• RIL’s Q4 EBITDA stood at ₹438 billion (+3% YoY), beating analyst estimates.
• The commissioning of RIL’s HJT module manufacturing facility is seen as a major positive, opening up new opportunities in the New Energy sector.

RIL’s multi-pronged growth strategy — spanning Retail, Jio, New Energy, and O2C — is gaining momentum.Top brokerages see further upside driven by tariff hikes, new energy initiatives, and potential value unlocking through Jio’s listing.With almost all major analysts maintaining a bullish stance, Reliance Industries looks well-positioned for a strong FY26 and beyond.

Reliance Industries Shares have given negative 11% returns in last 1 Year and if we talk about last 4 years  performance then Reliance industries shares have gives 'ZERO' return to its Investors 

Disclaimer:

The information provided in this blog is for informational purposes only and reflects the views and research reports of various brokerage houses on Reliance Industries Ltd (RIL). It does not constitute investment advice, an offer, or a solicitation to buy or sell any securities.