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28-Oct-2023

Reliance Industries

Strong growth in consumer businesses


'Consolidated net sales of Reliance Industries has increased 1.08% to Rs 231886 crore supported by continuing growth momentum in consumer businesses.  Sales of Oil and Gas segment has gone up 71.81% to Rs 6,620.00 crore (accounting for 2.33% of total sales) with incremental production of gas and condensate from MJ field.  Sales of Digital Services segment has gone up 10.48% to Rs 32,657.00 crore (accounting for 11.52% of total sales) led by 7.5% increase in subscriber base and higher ARPU.  Sales of Oil to Chemicals (02C) segment has gone down 7.32% to Rs 1,47,988.00 crore (accounting for 52.19% of total sales) with 14% decrease in crude oil prices leading to lower price realization for products.  Sales of Retail segment has gone up 18.84% to Rs 77,163.00 crore (accounting for 27.21% of total sales) with growth momentum across consumption baskets, led by Food & Grocery which grew by 33%.  Sales of ...



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