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KRChoksey Analysis Report
Reliance Industries Ltd. posted an 18.3% year-on-year decline in consolidated gross income in FY21 as the corporate confronted headwinds in its O2C and Retail segments in H1 FY21 as a result of pandemic.
Each the volumes and realisations of O2C phase fell in H1 FY21.
Equally, the retail phase skilled fall in gross sales as a result of retailer closure and lesser footfalls in H1 FY21 versus H1 FY20.
Reliance Jio or Digital was the one main phase with income progress throughout FY21.
However, the corporate targeted on progress initiatives inside its shopper companies (Reliance Retail and Digital) because it expanded its buyer outreach by including shops, strengthening its provide infrastructure, and launching JioMart inside Reliance Retail enterprise.
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