RIL Q1 broadly in-line as O2C recovers; Reliance Retail margin slips to 15-quarter low
Reliance posted net sales of Rs 3,11,850 crore (+25.4% YoY) with recurring PAT up 6.1% to Rs 23,196 crore, aided by O2C Ebitda at $115/MT (+24% QoQ) and Jio momentum. Reliance Retail margins fell to a 15-quarter low as the group invests heavily in scaling digital commerce. Equirus keeps LONG under review, target Rs 1,586.
RIL Q1 delivered broadly in-line results led by O2C recovery and strong Jio momentum, while Reliance Retail margins hit a 15-quarter low amid heavy investment in scaling digital commerce. Equirus keeps LONG rating under review.