RIL's energy, telecom arms make up for retail blip, easing of curbs will be a boost

RIL's energy, telecom arms make up for retail blip, easing of curbs will be a boost
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RIL's energy, telecom arms make up for retail blip, easing of curbs will be a boostBy
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As the curbs are lifted further and footfalls increase at retail outlets, RIL should garner robust contributions from retail and telecom, which account for 45% of the operating profit and two-thirds of its fair value.
The retail business had to negotiate curbs on mobility and operations, with several outlets seeing fewer operating hours due to the sporadic lockdowns. Revenue of the retail business fell 18% QoQ to Rs 38,547 crore while operating profit shrank 46%.

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