Reliance Industries Reports Growth in O2C, Retail, and Jio
Reliance Industries reported strong revenue and profit growth in the September quarter, driven mainly by its oil-to-chemicals (O2C) segment. The retail segment faced profitability pressures due to digital commerce investments. Jio Platforms achieved double-digit revenue and profit growth, supported by higher average revenue per user and subscriber additions. Rising inflation and shifting festive demand to December may affect future retail earnings.
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