Digital Services to Drive RIL's Growth

Reliance Industries (RIL) is expected to see significant growth in the coming years, driven mainly by its digital services.

Brokerages like Motilal Oswal and Systematix Institutional Equities predict that digital services will contribute around 85% to RIL's incremental Ebitda over FY26-28.

Jio Platforms, RIL's telecom arm, has been performing well, adding millions of subscribers and seeing a rise in average revenue per user (ARPU).

The company's oil-to-chemicals (O2C) business also showed strong performance in the June quarter.

However, there are concerns about the retail business, particularly the faster ramp-up of lower-margin hyperlocal businesses, which could impact overall margins.

Despite a 22.4% year-on-year decline in consolidated net profit for the June quarter, RIL's operating performance was ahead of market expectations.