At Reliance, retail business is becoming a new powerhouse

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1919
  • For the September quarter, retail Ebitda grew 45.2% from a year ago and 18% sequentially
  • The firm reported an increase in the operated area to 37.3 million square feet, up 8% sequentially
  • Reliance Industries Ltd’s (RIL) September quarter performance ticked all the right boxes and some more. While a rebound in refining margins improved the performance of the oil-to-chemicals (O2C) segment, the robust retail segment stole the show. The company’s digital services that houses its telecom firm Jio also showed resilience on both growth and profitability.