Reliance Industries Ltd (RELIANCE.NS) enters the next three years with diversified cash flows across energy, telecom (Jio), and retail/consumer, and a share price consolidating after a volatile year. As of August 2025, the stock trades around ₹1,385.90, within a 52‑week range of ₹1,114.85–₹1,551.00 and a 52‑week change of −8.94%, while its 5‑year beta of 0.22 underlines defensiveness. Operating performance remains resilient: revenue (ttm) ₹9.77T, gross profit ₹3.48T, EBITDA ₹1.71T, profit margin 8.35%, and quarterly revenue growth of 5.10% alongside a 78.30% yoy earnings rebound. Balance‑sheet liquidity is strong with ₹2.25T cash against ₹3.7T total debt; the forward dividend rate is ₹5.5 (0.40% yield), with ex‑dividend on 14 Aug 2025. Near‑term drivers include Jio’s base tariff hike, refining feedstock dynamics, and retail initiatives ahead of the upcoming AGM.

Alphabet (GOOGL) enters late-2025 with double-digit revenue growth, best-in-class margins, and a stock pressing 52-week highs. Yet the next three years will likely be defined by two forces: U.S. antitrust remedies that could reshape search distribution and ads, and a capital‑intensive AI build‑out that stretches power and infrastructure. The company’s balance sheet, cash generation, and modest payout ratio give strategic flexibility, while analyst sentiment remains broadly constructive. Shares have rebounded from spring weakness and now trade near long‑term moving averages and prior highs. Our outlook weighs the potential earnings drag from legal outcomes against benefits from AI‑driven monetization and efficiency. We frame scenarios, key risks and catalysts, and the signposts investors should watch into 2026–2028.

Berkshire Hathaway’s Class B shares enter the next three years from a position of unusual financial strength but mixed sentiment. As of August 2025, the conglomerate posts $370.15B in trailing revenue with a 22.43% operating margin and 17.00% profit margin, supported by $62.92B in net income. Liquidity is ample with $344.09B of cash versus $127.02B of debt (current ratio 3.00). The stock recently changed hands near $495.72—above its 50‑ and 200‑day moving averages of $479.14 and $487.18—yet its 52‑week gain of 5.84% trails the S&P 500’s 15.91%. Recent headlines point to softer near‑term earnings and slower buybacks, offset by portfolio repositioning and media calls to “buy more.” This note outlines what could drive BRK‑B over the next three years, the key risks, and scenarios investors should monitor.

Using August 2025 as the starting point, Coca‑Cola (KO) enters the next three years with classic defensive traits and a few moving parts. The shares recently closed at 68.83, down 4.47% over 52 weeks versus a 15.91% gain for the S&P 500, leaving valuation support to its 2.96% forward dividend yield and low 0.44 beta. The company’s fundamentals remain sturdy: trailing‑twelve‑month revenue of 47.06B, profit margin of 25.89%, EBITDA of 15.79B and return on equity of 42.37%. Balance‑sheet flexibility is mixed, with 14.3B in cash against 50.21B of debt and a current ratio of 1.21. Near‑term headlines point to portfolio optionality (a reported exploration of a Costa Coffee sale) and marketing digitization (use of AI avatars in campaigns). This note outlines key drivers, potential scenarios to 2028, and risks that could sway KO’s steady, dividend‑anchored equity story.