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Mukesh Ambani
Chairman & Managing Director, Reliance Industries

Isha Ambani Live | 49th Annual General Meeting 2026 | Reliance AGM 2026 | Jio | IPO | Mukesh Ambani

📅 Jun 19, 2026 News18 MP Chhattisgarh 13 MIN 2096 VIEWS 22 SEGMENTS · 3 SPEAKERS
Isha Ambani Live | 49th Annual General Meeting 2026 | Reliance AGM 2026 | Jio | IPO | Mukesh Ambani | #RILAGM Reliance Industries AGM 2026: Reliance Industries Ltd (RIL) will hold its 49th Annual General Meeting (AGM) on Friday, June 19, 2026, through video conferencing and other audio-visual means. The AGM is scheduled to begin at 2 pm, according to the company’s regulatory filing. The meeting comes after Reliance Industries reported consolidated revenue of nearly Rs 11.76 lakh crore for FY26, supported by growth across its digital services and retail businesses. For the quarter ended March...

What Mukesh Ambani said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Mukesh Ambani, Chairman of Reliance Industries, presented a broad update on Reliance Retail and RCPL at the 49th AGM. He highlighted that quick commerce is growing rapidly, with Jio becoming one of India's largest networks, serving over 500 cities with 3,100-plus stores and daily orders up 3.6 times year on year. In fashion, RGO grew seven times in five years, and Shein crossed 11 million app installs. Tira introduced Puraveda, an Ayurveda-inspired beauty range, and partnered with Pahadi Local. In consumer electronics, Reliance sold over 2,500 phones per hour and 16,600 laptops daily. RCPL doubled revenue to ₹22,000 crore in FY26, with Campa achieving ₹4,700 crore in sales, becoming India's fourth-largest carbonated soft drink brand. Ambani emphasized the company's focus on combining technology with cultural understanding to lead in the intelligence era, and outlined plans for significant investments in food parks and energy self-reliance.

Key takeaways

  1. RCPL doubled revenue to ₹22,000 crore in FY26, growing twice year on year.
  2. Campa achieved ₹4,700 crore in gross sales in FY26, becoming India's fourth-largest carbonated soft drink brand.
  3. Jio quick commerce has 3,100-plus stores serving 500-plus cities, with daily orders up 3.6 times year on year.
  4. RCPL plans to invest ₹50,000 crore over the next three years in integrated food parks.
  5. RCPL aims to reach ₹1 lakh crore in revenue by FY2030.

Numbers and commitments

FigureWhat it refers toTypeAt
₹22,000 crore RCPL gross revenue in FY26 metric 4:54
₹4,700 crore Campa gross sales in FY26 metric 6:04
3,100-plus stores Jio quick commerce store count metric 0:00
500-plus cities Cities served by Jio quick commerce metric 0:00
3.6 times Year-on-year growth in average daily orders for Jio quick commerce metric 0:00
11 million Shein app installs metric 1:02
2,500 phones per hour Phones sold per hour in consumer electronics metric 2:13
16,600 laptops daily Laptops sold per day in consumer electronics metric 2:13
₹50,000 crore Planned investment in food parks over next three years commitment 6:39
₹1 lakh crore RCPL revenue target by FY2030 commitment 10:12

Chapters

  1. 0:00Quick commerce growth
  2. 0:33Fashion and lifestyle performance
  3. 1:33Beauty and wellness brands
  4. 2:13Consumer electronics sales
  5. 2:44Jio Digital and Jools
  6. 3:08Swadesh artisan program
  7. 3:41Intelligence era in retail
  8. 4:28RCPL FMCG growth
  9. 6:04Campa and Independence brands
  10. 11:08Energy self-reliance plan
Mukesh Ambani 0:00 ↗
Products are growing at eight times the market rate, laundry shots at nine times, and rolls. Ons and sunscreens at four times. Quick commerce is fast becoming a daily habit for millions of Indian households, and we are expanding in this space. Jio has become one of India's largest quick commerce networks with 3,100-plus stores serving 500-plus cities across 5,100-plus pin codes. Average daily orders growth 3.6 times year on year, from smartphones to last-minute outfit changes.
Thousands of products across diverse categories arrive within hours, even in small towns. Repeat orders on quick commerce grew more than sixfold. In fashion and lifestyle, we sold over 8 lakh garments every day. RGO's average bill value rose 23%, average selling price grew 17%, and option count expanded to 3 million, up 22% year on year.
RGO has grown seven times in five years. RGO Rush, a four-hour delivery promise, now covers 600-plus towns. Shein has crossed 11 million app installs, adding a thousand new styles daily.
Dear friends, global fashion at Indian prices is an idea whose moment has arrived. A premium brand segment added exclusive long-term partnerships with Stella McCartney, Karigari, Maxin Ko, and Fabulastic, playing a perfect foil.
Tira is anchored in deep pride in India's rich heritage, placing traditional Indian products on mainstream consumer shelves. Tira recently introduced Puraveda, its own Ayurveda-inspired beauty range, giving Indian rituals the global stage. The directory, Reliance Retail, also welcomed Pahadi Local, a family known for its pristine mountain-sourced ingredients and its iconic Guttika Tela.
This homegrown brand represents the best of authentic Indian wellness. We will scale our own brands to consumers across India and beyond, ensuring Indian beauty products stand proudly alongside the world's leading global giants.
In consumer electronics, we grow significantly faster than the market. We sold over 2,500 phones every hour, along with more than 4,000 televisions, 8,000 large appliances, and 16,600 laptops every single day. A resolute after-sales network spans 16,621 locations, handling 6.5 million service volumes this year, reaching nearly 19,000 pin codes.
Jio Digital is now India's largest mobile distributor with 1.2 lakh active retail partners, reaching over 85% of the addressable retail universe. In Jools, average bill value grew 53% year on year, with a deliberate and continuing focus on design-led diamond jewellery.
Today, Swadesh directly collaborates with over 900 artisans across 270-plus craft forms, from Longpi pottery and Naga weaving in the northeast to Dhokra metalwork in Chhattisgarh, Banjara embroidery in Telangana, and Tora embroidery in Tamil Nadu. Over 3,000 individuals from tribal communities find employment through this program. These are not transactions; these are acts of cultural preservation and commercial skill.
Dear shareholders, the intelligence era at Reliance Retail is not a vision; it is already life. But the intelligence we are building is not merely computational. Indian consumers are shaped by culture, by community, by aspiration, by festivals, by season, and by sentiment.
What will separate Reliance Retail from every other retailer in the world is not just the scale of our data, but our ability to combine technology with a deep understanding of Indian consumers. In the decade ahead, Reliance Retail will not merely sell products. We will catalyze a sustainable, inclusive, and technologically advanced way of life for every Indian, contributing our fullest to the vision of a Viksit Bharat.
Dear shareholders, three years ago we took a leap of faith that India could produce FMCG brands of global quality at Indian prices and scale them faster than anyone thought possible. Reliance Consumer Products Limited has done just that, building a national FMCG powerhouse from the ground up and doubling its revenue in a single year.
In financial year 26, RCPL achieved gross revenue of 22,000 crore, growing twice year on year. What took others decades, we achieved in just four years. It made us one of the fastest-growing FMCG platforms in India's history and one of the fastest-growing consumer product companies anywhere in the world.
Today, RCPL products are present in more than 40 countries through exports and franchise sales, making RCPL a truly global Indian consumer brand. This year, however, was not without its challenges. Geopolitical headwinds drove up raw material and packaging costs and disrupted global supply chains.
We absorbed the shocks entirely within the business, staying true to our consumer-first approach. We ensured our products remain accessible and affordable for every Indian household. RCPL is now a direct subsidiary of Reliance Industries, having completed its demerger from RRVL in December 2025, with singular focus on its own markets, its own consumers, and its own ambitions.
The results have been exactly what we envisioned. Campa achieved 4,700-plus crore in gross sales in financial year 26, having challenged decades-long market leadership. It is now India's fourth-largest carbonated soft drinks brand with a double-digit market share in key markets. Campa is not merely a brand; it is India ka Thanda.
Independence, a daily essentials brand, delivered 2,600 crore in revenue and was recognized as one of India's most trusted brands of financial year 26.
Isha Ambani 6:39 ↗
In packaged drinking water, RCPL is now India's third largest branded water player, powered by Campa Sore. Launched nationwide in October 2025, in beverages we grew 3.2 times year on year. Daily essentials grew 1.6 times, our home and personal care portfolio grew 1.3 times. The foods category delivered positive momentum across biscuits, confectionery, snacks, and processed foods, which still position for a new generation of consumers. Friends, this year we made a series of focused acquisitions extending the RCPL platform in precisely the right directions. In daily essentials and foods, we acquired majority stakes in Udaya Macro Foods and in Southern Health Foods, known by its key brand Mana, a cherished regional name to which we will bring national fame. In beverages, we acquired Goodness Group Global, the Australian business behind Nexpa Bisson and Pace, co-created with cricketer Pat Cummins. In personal care, we acquired global rights excluding select territories to heritage brands like Brylcreem, Tone, Gatsby, and MamyPoko, significantly deepening our grooming and bedding portfolio. We are also building brands with cultural resonance. We rode the excitement of the T20 Men's Cricket World Cup, activating Campa and Sun Crush to powerful consumer response. We dominated the IPL with Campa Energy, building national momentum through high GRPs across India. We deepened our regional connect through Power Up in Andhra Pradesh and 11 design applications in the last year alone. Second, advanced manufacturing scale: ₹100 crore of invested to date with beverage production now spanning 12 states through high-speed bottling lines in multiple greenfield plants. We are building food parks across India, modern integrated facilities with multi-category production lines spanning biscuits, chocolates, staples, and packaged foods, designed to drive scale efficiency through cross-category integration. Over the next three years, a further ₹50,000 crore of investments will build one of Asia's largest networks of such integrated food parks, AI-driven, robotics enabled, and engineered for lasting cost leadership.
Third, distribution depth. 3 million plus outlets reached through 5000 plus distributors in 3 years, faster than any player in Indian FMCG history. We are expanding into the Northeast, West Bengal, Bihar, and other geographies. Fourth, value proposition: India's large rural consumer base and millions of middle-class households share one aspiration – global quality at Indian prices. That is the founding logic of everything we make, price, and distribute. Friends, we are building a business where every decision is powered by data and every process is driven by intelligence, embedding AI across all our functions. From understanding what consumers want to planning what we produce to how we move our products across the country. This foundation will help us move faster, operate smarter, and remain closer to what our consumers truly need. Our vision is simple: to be at the heart of every Indian home. Not in one category, but across the full arc of everyday Indian life.
From daily essentials and staples to packaged foods and snacks, to the moments of indulgence that make life worth savoring. We are building not merely a portfolio of brands, but a consumer ecosystem that grows with every stage of Indian life. RCPL's near-term ambition is to reach 1 lakh crore in revenue by financial year 2030. Our long-term ambition is to become one of India's largest FMCG companies with a global platform to match. We have just begun scripting the best of RCPL. Soon it will be a value-creating engine for Reliance Industries, comparable in scale and profitability to our retail business. This is my assurance to our esteemed shareholders. Thank you, and let me now welcome back the Chairman. [Applause]

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Cite this transcript

APA, MLA, BibTeX
APA

Ambani, M. (2026, June 19). Isha Ambani Live | 49th Annual General Meeting 2026 | Reliance AGM 2026 | Jio | IPO | Mukesh Ambani [Interview transcript]. News18 MP Chhattisgarh. CEOInterviews.AI. https://ceointerviews.ai/interview/1219986/

MLA

Mukesh Ambani. "Isha Ambani Live | 49th Annual General Meeting 2026 | Reliance AGM 2026 | Jio | IPO | Mukesh Ambani." News18 MP Chhattisgarh, 19 Jun. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1219986/.

BibTeX
@misc{ambani2026_1219986,
  author       = {Mukesh Ambani},
  title        = {Isha Ambani Live | 49th Annual General Meeting 2026 | Reliance AGM 2026 | Jio | IPO | Mukesh Ambani},
  howpublished = {Interview transcript, News18 MP Chhattisgarh. CEOInterviews.AI},
  year         = {2026},
  month        = {jun},
  url          = {https://ceointerviews.ai/interview/1219986/},
  note         = {Speaker-attributed transcript with timestamps}
}