Reliance Retail Ltd. has shown tremendous growth and has impressed its parent venture Reliance Industries Ltd.’s investors. Most of the contributions came from the Reliance Jio recharges, device sales and fuel retail contributing about 54 percent to RIL’s retail revenue.
However, Reliance Retail was the single largest driver of Reliance Industries’ valuation in the past year.
In fact, the RIL stock touched a 52-week high on the National Stock Exchange in the last week on 1st of April. As the detailed profit and loss account of the retail business is not available, the company is still bubbling up with the same. However, the contribution from the sale of Jio phone is not revealed yet in the company’s earnings presentation.
“We note that device sales may form around one-third of revenue from the consumer electronics segment over the past four quarters and, thereby, explain a portion of strong growth delivered by the company,” said in a report on 29 March.