Stock Market May 29, 2026, Preview: Reliance AGM Date, Zydus Buyback Revision and Q4 Results, GMR Airports Turnaround, Godfrey Phillips Contract, Oil India JV

Mumbai, May 29: Reliance Industries’ AGM date announcement, a revision to Zydus Lifesciences’ buyback programme alongside its Q4 results, GMR Airports’ sharp profit turnaround, a new contract manufacturing deal at Godfrey Phillips, and a clean energy joint venture at Oil India will keep Indian equity investors busy on Friday as markets reopen after the Bakri Id holiday on Thursday.

Here’s what you should track.

Reliance Industries: AGM Set for June 19; Luxury Retail Business Turns the Corner

Reliance Industries Limited (NSE: RELIANCE, 1,352.00) announced on Wednesday that its 49th Annual General Meeting will be held on Friday, June 19, keeping the conglomerate firmly in investor focus heading into the summer. Beyond the AGM date, RIL’s integrated annual report revealed that Reliance Brands Ltd — its flagship premium and luxury fashion arm housing over 50 brands including Burberry, Diesel, Stella McCartney and MAX&Co. — reported FY26 revenue of ₹3,494 crore, up 44.6% year-on-year, while losses narrowed sharply to ₹137 crore from ₹279 crore in FY25. Sephora emerged as the strongest performer in the portfolio, with profits more than tripling, underlining India’s premium beauty market momentum. On the FMCG front, Reliance Consumer Products is targeting acquisition-led growth after taking majority stakes in Udhaiyam, Manna, and acquiring global brands including Brylcreem, Toni & Guy, Matey and Badedas.

Zydus Lifesciences: Buyback Price Raised to ₹1,260; Q4 Net Profit Surges 14.6%

Zydus Lifesciences (NSE: ZYDUSLIFE, 1,087.00) delivered a double headline on Wednesday — a revision to its ongoing buyback programme and strong Q4 FY26 results. The buyback committee approved raising the repurchase price to ₹1,260 per share from ₹1,150 earlier, while simultaneously reducing the number of shares to be bought back from 95.65 lakh to 87.30 lakh, keeping the total consideration unchanged at ₹1,100 crore via the tender offer route. On the results front, consolidated net profit rose 14.6% year-on-year to ₹1,592.9 crore for Q4 FY26, driven by the consumer wellness segment whose revenue surged to ₹1,463.3 crore from ₹908.1 crore a year ago. Revenue from operations climbed to ₹7,587 crore from ₹6,527.9 crore in Q4 FY25, with pharma revenue at ₹5,643.6 crore, up 4.9% year-on-year.

GMR Airports: Quarterly Profit Turnaround to ₹302.5 crore; Revenue Jumps 37.5%

GMR Airports Limited (GMRAIRPORT, 98.15) delivered one of the sharpest profit turnarounds in the infrastructure space, reporting a net profit of ₹302.5 crore for Q4 FY26 against a net loss of ₹237.6 crore in the same quarter last year — a swing of over ₹540 crore in a single year. Revenue for the quarter rose 37.5% year-on-year to ₹3,938.2 crore, while EBITDA expanded 43.1% to ₹1,444.7 crore with a margin improvement to 36.7%. The company handled 31.7 million passengers during the quarter, up 0.7% year-on-year, suggesting that strong financial performance was driven by improved yield per passenger and non-aeronautical revenue rather than volume alone. The results make GMR Airports one of the more compelling infrastructure recovery stories of FY26 and the stock is expected to attract fresh attention at Friday’s open.

Godfrey Phillips Signs Contract Manufacturing Deal

Cigarette and tobacco manufacturer Godfrey Phillips India (NSE: GODFRYPHLP, 2,311.00) signed a contract manufacturing agreement on Wednesday with Polisetty Somasundaram Tobacco Products (India) Private Limited for the production and supply of cigarettes and other tobacco products at the latter’s manufacturing facility, with Godfrey Phillips supplying production materials and setting all quality specifications. The deal expands Godfrey Phillips’ manufacturing capacity without additional capital expenditure and is expected to support volume growth. 

Oil India Forms Clean Energy JV

OIL Green Energy Ltd (OGEL) –  a wholly owned subsidiary of Oil India Limited (NSE: OIL, 488.05) — signed a 50:50 Joint Venture Agreement with Hindustan Waste Treatment Private Limited, a subsidiary of SFC Environmental Technologies, to develop compressed biogas, waste-to-energy and allied sustainable infrastructure projects across India, aligning with the government’s clean energy transition and circular economy objectives.

Source: 

• https://www.nseindia.com/get-quote/equity/GODFRYPHLP/Godfrey-Phillips-India-Limited
• https://www.nseindia.com/get-quote/equity/RELIANCE/Reliance-Industries-Limited