The conglomerate’s retail unit, its second-biggest income driver, reported a close to 7% rise in income to 795.95 billion rupees, as demand soared in 1 / 4 that aligns with India’s festive season and accounts for the majority of shops’ annual gross sales.
The retail enterprise ably capitalised on the pick-up in consumption amid festive demand in the course of the quarter, Mukesh Ambani, chairman, Reliance Industries mentioned in a press release.
Income from its oils-to-chemicals (O2C) operations, which accounts for about two-thirds of the general income, rose 6% to 1.5 trillion rupees within the quarter as manufacturing climbed.
