By vmg@gmail.com 
Reliance Industries Limited (RIL), India’s largest listed company by market capitalization, is set to announce its Q3 FY26 results on Thursday, January 16, 2026. Market participants are closely watching the earnings, as strong growth is expected from Jio telecom and the retail business, which continue to be the company’s key growth engines.
According to market experts and broker estimates, Reliance is likely to report steady revenue and profit growth, despite volatility in crude oil prices and global geopolitical uncertainties.
📊 RIL Q3 FY26 Earnings Expectations
🔹 Revenue Outlook
- Expected consolidated revenue: ₹2.54 – ₹2.56 lakh crore
- Year-on-Year (YoY) growth: 6.2% – 7.1%
- Quarter-on-Quarter (QoQ) growth: 0.5% – 1%
- Q3 FY25 revenue: ₹2.39 lakh crore
- Q2 FY26 revenue: ₹2.54 lakh crore
The growth is mainly supported by:
- Strong subscriber additions and higher ARPU at Jio
- Continued expansion and festive demand in the retail segment
🔹 Net Profit Estimates
- Expected net profit: ₹18,550 – ₹18,700 crore
- QoQ growth: 2% – 3%
- YoY growth: Flat
- Q3 FY25 net profit: ₹18,540 crore
- Q2 FY26 net profit: ₹18,165 crore
🔹 EBITDA Performance
- Expected EBITDA: ₹47,200 – ₹47,630 crore
- YoY growth: 6% – 7%
Key drivers:
- Better refining margins
- Weaker rupee supporting O2C exports
- Higher telecom ARPU
📌 Key Segments to Watch
Investors will closely track performance across these businesses:
- 📱 Jio Platforms – ARPU growth, subscriber base
- 🛍 Retail Business – Store expansion, festive sales
- 🛢 Oil-to-Chemicals (O2C) – Refining margins, crude price impact
- 🧠 Management Commentary – Outlook on demand, capex, and global risks
📈 Reliance Industries Share Price Performance
- Stock price (Jan 16): ₹1,458
- Up 0.4% ahead of results
- Down 7.1% so far in January amid:
- Crude oil volatility
- Broader market sell-off
- Rising geopolitical concerns
📉 Technical Analysis – RIL Stock
- Stock has reversed from ₹1,600 levels
- Slipped below 50-day EMA (~₹1,515) → short-term weakness
- Testing 200-day EMA (~₹1,445) → key support
📍 Important Levels
- Support zone: ₹1,440 – ₹1,430
- Breakdown below ₹1,425 could lead to:
- ₹1,380 – ₹1,350 levels
- Holding above support keeps medium-term structure intact
📊 Options Market Outlook
- Implied price movement: ±3.7%
- Based on:
- ATM strike: ₹1,460
- Expiry: 27 January
🧾 Options-Based Trading Strategies
1️⃣ Long Straddle
- Buy ATM Call + Put
- Suitable if expecting a sharp move in either direction
- Profitable if move exceeds ±3.7%
- Risk limited to premium paid
2️⃣ Short Straddle
- Sell ATM Call + Put
- Suitable if expecting range-bound movement
- Profits if stock stays within implied range
- Higher risk, suitable only for experienced traders
⚠ Derivatives trading involves high risk. Proper risk management is essential.
🧠 Why RIL Q3 Results Matter
Reliance Industries plays a key role in:
- Nifty 50 movement
- FII & DII investment sentiment
- Overall market direction
Strong earnings from RIL can:
- Boost market confidence
- Support benchmark indices
- Influence sector-wide trends