Mumbai, Jan. 16 -- Reliance Industries Ltd reported muted profit growth for the October-December quarter, as weaker earnings from its oil exploration and production business, along with slower margin growth in retail, offset improved earnings across other key businesses.

India's most valuable company posted a 2% rise in consolidated profit in Q3 to Rs.22,167 crore from Rs.21,804 crore in the year-ago period. The company had reported a profit of Rs.22,146 crore in Q2 of FY26.

Growth in consolidated revenue fared better, rising 11% to Rs.2.69 trillion, while earnings before interest, tax, depreciation and amortization (Ebitda) were up 5% to Rs.46,018 crore.

"Reliance's consolidated performance in 3QFY26 reflects consistent financial deli...