Reliance Q1FY27 profit falls 22% YoY as Retail EBITDA slips 2%; Motilal Oswal trims target, keeps Buy
Reliance Industries posted Q1FY27 net profit of Rs 20,946 crore, down 22% YoY, with Retail EBITDA down 2% YoY even as JioMart expanded to 5,500 pin codes. Consolidated EBITDA rose 8% QoQ on an energy rebound. Motilal Oswal retained its Buy rating but cut the target price to Rs 1,550, with the stock at Rs 1,341.20.
Reliance Industries' Q1FY27 profit fell 22% YoY on weaker Retail EBITDA, though energy rebound lifted overall results; Motilal Oswal retains Buy despite trimming target price.