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So clearly, the Covid related impact in each of the businesses have been far less. In retail, the only disappointment was on the margin front where we have seen a fair amount of moderation. That said, the 30-35% growth in new commerce has been fairly strong. The overall performance on the operating front was better than our expectation in most segments. Below EBITDA, there have been positive surprises which led to a strong beat versus our estimate on the EPS front. While it was all looking good in the numbers – Jio and retail numbers were a miss. Also, there was no fresh update on new energy, the Jio phone plus, the O2C stake sale or for that matter the recent ....
Two factors that can trigger a rally in Reliance SECTIONS Last Updated: May 03, 2021, 11:34 AM IST Share ET CONTRIBUTORS Related NSE There are near term challenges for Reliance Retail, but had the situation been a normal one the company would have been back to its way of delivering stronger numbers, says Tarun Lakhotia, Director - Equity Research, Kotak Institutional Equities. Edited excerpts from his interview. What are your observations on Reliance s retail and O2C business performance? O2C segment s EBITDA seems to be on the recovery path. Volumes and margins would have been higher in this quarter if you look at global margins for both refining and petrochemical segments. For petrochemicals, it has been fairly robust in the last few months. It is expected to continue in the coming few months as well. So that should hold up well despite may be some challenges which we may see in the domestic markets from the second wave. ....
Reliance Jio’s new bundled offer – JioPhone 2021 – giving customers a handset, up to two years of unlimited voice calls, and 2 GB data per month for one-time payment of Rs 1,999 may not be enough to scare completion, feel analysts. A one-year plan from RJio with similar benefits is available for Rs 1,499. For existing users, the plan is priced at Rs749 with one year validity, with similar voice and data allowance. Jio’s aggressive efforts earlier, according to analysts at Emkay, to capture post-paid subscribers from Bharti and Vodafone Idea Limited (VIL) have not worked well despite multiple attempts. Based on their estimates, RJio has around 130 million JioPhone users, and among them over 40 million will complete the three-year lock-in period in the first half of 2021 (H1CY21). ....