Reliance Industries’ (RIL’s) retail arm, Reliance Retail, is now valued at nearly twice the amount of its decades-old and lucrative oil-to-chemical (O2C) division.
Bernstein’s latest report on the conglomerate projects a valuation of $112 billion for its retail business, dwarfing the $57 billion valuation of its O2C division. In addition, the research firm valued Jio Platforms, the company’s telecom arm, at $77 billion and the renewable energy business at $17 billion.
The report identified multiple opportunities for the retail business, including expansion of JioMart and new commerce, partnerships with local kirana stores, potential margin expansion from scale, and the anticipated initial public offering (IPO) of Reliance Retail.
