Reliance Retail's Ebitda Misses Estimates as Hyperlocal Delivery Scale-Up Dilutes Margins
Despite 12% YoY revenue growth, Reliance Retail's Q1 Ebitda fell short of Street estimates amid margin pressure from hyperlocal delivery expansion. Brokerages including Goldman Sachs (target Rs 1,870) and Macquarie maintain Buy ratings on parent RIL, flagging up to 24% upside even as net debt hits Rs 1.23 lakh crore and Q1 capex touches Rs 38,700 crore.
Brokerages issue Buy ratings on Reliance Industries post Q1 results, noting Retail Ebitda missed estimates due to margin dilution from hyperlocal delivery scale-up despite 12% revenue growth.