Retail, digital growth may drive Reliance Industries' Q2 earnings

The company's retail business EBITDA is seen rising with fashion, jewellery and electronics sales recovering and margins inching towards pre-pandemic levels, said brokerages

Mukesh Ambani-led Reliance Industries is expected to post strong growth in consolidated net profit led by a robust rise in earnings before interest, tax, depreciation, and ammortisation (EBITDA) in the September quarter. The gains will be led by growth in retail, digital-telecom business, and steady petrochemicals margins, estimate analysts.
 
“We expect RIL’s consolidated EBITDA to increase 13.7 per cent quarter-on-quarter (QoQ) to Rs 26,600 crore and 40.2 per cent on year-on-year (YoY) basis,” said analysts at HDFC Securities in a report.
 
The oil-to-chemicals (O2C) business of India’s most valuable company is estimated to see its EBITDA per tonne