Report
EUR 9556.00 For Business Accounts Only

Reliance Industries Ltd (Buy, INR 1,700, +32%) Q3 FY25 Quick Take: Turnaround in Retail and O2C; FWA taking off

Reliance Industries posted strong results yesterday, backed by the turnaround in Retail during the festive period and recovery in O2C margins. Jio remained the bright spot as ARPU accelerated and crossed the INR 200 mark. Momentum continues to build for broadband as Jio AirFiber reached 4.5m.
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New Street Research
New Street Research

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Analysts
Chris Hoare

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