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20-Jan-2024

Reliance Industries

Strong performance in retail and oil and gas


'Consolidated net sales (including other operating income) of Reliance Industries has increased 3.85% to Rs 225086 crore supported by continued growth momentum in consumer businesses. Revenue for JPL increased by 11.4% YoY, led by robust subscriber growth across mobility and homes, and benefit of mix improvement in ARPU. Revenue for RRVL grew by 22.8% YoY with strong growth across all consumption baskets - Grocery (41%), Fashion & Lifestyle (28%), Consumer Electronics (19%). O2C revenue declined by 2.4% primarily on account of lower price realisation led by 5.3% YoY- decline in average brent crude oil prices. Revenue from Oil & Gas segment increased significantly mainly on account of higher volumes partly offset by lower gas price realisation from KG D6 field..

Sales of Others segment fell 35.59% to Rs 12,476.00 crore (accounting for 4.51% of total sales).  Sales of Oil and Gas segment has gone up 50.18% to Rs 6,719.00 crore (accounting for 2.43% of...



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