Reliance Industries Q4FY21: Strong contribution from digital businesses likely to offset probable weakness in cyclical sectors

Reliance Industries Q4FY21: Strong contribution from digital businesses likely to offset probable weakness in cyclical sectors

RIL reported a strong sequential improvement for its Oil derivative and retail segments. Petrochemicals exhibited elevated product spreads and in case of retail, the trend of sequential recovery continued across consumption baskets. Jio continued to report strong numbers despite lower ARPU