RIL Annual Report Analysis - Growing Dominance Of Consumer Businesses: Motilal Oswal
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Motilal Oswal Report
FY21 has been a landmark year for Reliance Industries Ltd.
The new-age retail and digital businesses flourished despite the Covid-led disruption, led by the emergence of the company’s disruptive and aggressive growth philosophy.
As a result, this cushioned the impact on the overall business and provided the much needed capital raise and deleveraging.
The company’s fossil fuels business struggled with a 37% decline in Ebitda in FY21.
However, the retail business, partially supported by the online retail and digital businesses, came in much stronger, arresting the decline to just 9% on a consolidated basis to Rs 807 billion.
The company managed to raise Rs 2.6 trillion in capital through an asset monetisation and rights issue.
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