Listing of consumer verticals, new energy scale-up key triggers for RIL

Given the recovery in retail, the recent recovery in petchem margins, and the scale-up in the new energy business, most brokerages have a buy rating on RIL

Barring the upstream business vertical, most segments of the country’s largest listed company by market capitalisation, Reliance Industries (RIL), performed in line with or beat estimates in the January-March quarter of 2024-25 (FY25). The key takeaway was the strong performance of the retail vertical, which, coupled with the digital business, powered the 3.1 per cent year-on-year (Y-o-Y) growth in operating profit at the consolidated level.

 

The consumer businesses were thus able to offset the 10 per cent operating profit decline in the oil-to-chemical (O2C) segment. Given the recovery in retail, the recent recovery in petrochemical (petchem) margins, and the scale-up