Retail and digital growth could boost Reliance Industries profits in Q2

The company’s retail EBITDA is expected to increase with the recovery in fashion, jewelry and electronics sales and margins approaching pre-pandemic levels, the brokerage firms said.

The subjects
Trusted industries | T2 Results | company profits

Aditi Divekar |
Bombay


Reliance Industries, led by Mukesh Ambani, is expected to post strong growth in consolidated net income thanks to a strong increase in earnings before interest, taxes, depreciation and amortization (EBITDA) in the September quarter.

The gains will be driven by growth in retail activities, digital telecommunications and stable petrochemicals margins, analysts say. “We expect RIL’s consolidated EBITDA to grow 13.7% quarter-on-quarter (QoQ) to Rs 26,600 crore and 40.2% year-on-year (YoY),” HDFC Securities analysts said in a report. . Chemical oil (O2C) …

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First published: Thu 21 October 2021 00:17 IST

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