RELIANCE INDUSTRIES

the conglomerate led by billionaire Mukesh Ambani, is poised for a strong rebound in earnings, with Ebitda (earnings before interest, taxes, depreciation, and amortisation) projected to climb 16 per cent in FY26, up from a modest 2 per cent rise in FY25, according to analysts at global brokerages Goldman Sachs and Bernstein. Goldman expects Reliance’s CROCI (cash return on capital invested) to widen by 140 basis points to 11 per cent by FY27, citing minimal downside risks to consensus earnings forecasts.