Reliance Industries eyes growth boost from O2C, retail and Jio businesses

ET Intelligence Group: Reliance Industries (RIL) reported strong double digit growth in revenue and profits for the September quarter, led by the oil-to-chemicals (O2C) segment. However, operating profitability (Ebitda margin) was under pressure due to factors such as investments in the digital commerce by its retail division, the shift in festive season to the December quarter (compared with the previous year where it was split between the second and third quarters), and the effects of rising inflation and a weaker rupee against the dollar that drove overall costs of inputs, packaging and transportation.