Reliance (RELIANCE) — concall transcript

📢 Key Event
Reliance reported strong YoY growth in Retail (43%) and Digital Services (21%), with Retail adding 795 stores to reach 16,600 locations and Digital Services hitting Rs 30,000 crore revenue.

🔄 What Changed
Retail revenue growth accelerated to 43% YoY, Digital Services EBITDA grew 29% YoY to Rs 12,300 crore, and Oil & Gas EBITDA surged 3X YoY. Consolidated EBITDA rose 14.5% to Rs 34,663 crore, though SAED costs suppressed potential growth by ~28%.

🔮 What's Next
Management plans pan-India 5G rollout by end of next year and expects continued retail expansion with new store openings and JioMart customer growth.

💡 Investor Takeaway
Shareholders see resilient growth across core businesses despite macro headwinds, with scalable digital and retail expansion driving future earnings visibility.

Reliance Industries reported strong YoY growth in Retail (43%) and Digital Services (21%), with Retail adding 795 stores to reach 16,600 locations and Digital Services hitting Rs 30,000 crore revenue. Oil & Gas EBITDA surged 3X YoY to Rs 35,000 crore consolidated, driven by higher realizations. Despite O2C margin pressure from SAED costs, management highlighted robust demand, 5G rollout plans by end of next year, and capex funded entirely by cash profits. Forward guidance includes pan-India 5G deployment and continued retail expansion.

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About Reliance Industries Ltd (RELIANCE)

Oil Gas & Consumable Fuels · Refineries · Listed on BSE

Market Cap: ₹17,77,025.32 Cr P/E: 23.8 ROE: 9.7% ROCE: 11.3% Div Yield: 0.46%

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🔥 Also filed on 30 September 2022

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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