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    Reliance Industries Q4FY21: Strong contribution from digital businesses likely to offset probable weakness in cyclical sectors

    RIL reported a strong sequential improvement for its Oil derivative and retail segments. Petrochemicals exhibited elevated product spreads and in the case of retail, the trend of sequential recovery continued across consumption baskets. Jio continued to report strong numbers despite lower ARPU

    Nitin Agrawal
    Anubhav Sahu
    Jitendra Kumar Gupta
    Bharat Gianani
    April 30, 2021 / 11:41 PM IST
    Reliance Industries Q4FY21: Strong contribution from digital businesses likely to offset probable weakness in cyclical sectors

    RELIANCE Industries RIL

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

       Reliance Industries (RIL) (CMP: Rs 1,994; Mcap: Rs 12,64,369 crore) reported a strong sequential improvement for its Oil derivative and retail segments. Petrochemicals exhibited elevated product spreads and in case of retail, the trend of sequential recovery continued across consumption baskets. Retail store opening was higher than in the entire earlier nine-month period, indicating aggressive expansion. Jio continued to report strong numbers despite lower ARPU (average revenue per user), on account of traction in digital platform services, launch of affordable plans for small...

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