{"id":155907,"date":"2023-11-07T10:28:44","date_gmt":"2023-11-07T15:28:44","guid":{"rendered":"https:\/\/44.250.171.167\/?p=155907"},"modified":"2023-11-07T10:28:46","modified_gmt":"2023-11-07T15:28:46","slug":"reliance-industries-limited-q2-fy24-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/reliance-industries-limited-q2-fy24-earnings-conference-call-insights\/","title":{"rendered":"Reliance Industries Limited Q2 FY24 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Reliance Industries Limited (RELIANCE) Q2 FY24 Earnings Concall<\/strong><\/p>\n<ul>\n<li><strong>Financial Performance<\/strong>\n<ul>\n<li>Q2 EBITDA reached record INR45,000 crores, up 30% YoY.<\/li>\n<li>Net profit grew 30% YoY to INR20,000 crores.<\/li>\n<li>Growth seen across consumer business, digital services, O2C and oil &amp; gas.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Retail Business Growth<\/strong>\n<ul>\n<li>Retail revenues grew 19% YoY to INR77,000 crores.<\/li>\n<li>Categories like grocery, fashion\/lifestyle driving growth.<\/li>\n<li>Raised equity from investors, transferred warehousing assets.<\/li>\n<li>EBITDA grew 32% to INR5,820 crores.<\/li>\n<li>Added 471 new stores in 2Q, total store count grew over 2,000 YoY.<\/li>\n<li>Festive sales boosted demand across categories like consumer electronics, fashion and grocery.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Digital Services Traction<\/strong>\n<ul>\n<li>Revenues grew 11% YoY to INR32,000 crores.<\/li>\n<li>EBITDA grew 12.5% to INR13,500 crores.<\/li>\n<li>Added 11.1 million subscribers, total additions of 32 million YoY.<\/li>\n<li>Data traffic grew 29%, 5G adoption crossed 70 million users.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Oil to Chemicals Performance<\/strong>\n<ul>\n<li>Revenues declined 7.3% to INR148,000 crores due to lower oil prices.<\/li>\n<li>EBITDA grew 36% YoY to INR16,300 crores on volume growth, higher cracks and margins.<\/li>\n<li>Domestic polymer and fuel demand holding up well, driving growth.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Jio 5G Network Rollout<\/strong>\n<ul>\n<li>Over 1 million 5G sites deployed, over 70 million users migrated to 5G so far.<\/li>\n<li>Monthly 5G traffic crossed 1.5 exabytes.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Fixed Wireless Services<\/strong>\n<ul>\n<li>Seeing strong demand for Jio AirFiber, currently ramping up supply chain and installation capabilities.<\/li>\n<li>Accelerating goal of connecting 100M+ homes through the fixed wireless service.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Enterprise Services Traction<\/strong>\n<ul>\n<li>Present in 85%+ of large enterprises in India including banks, financial services.<\/li>\n<li>Seeing 80%+ win rate in government bids.<\/li>\n<li>Well positioned to compete in private 5G market globally.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Strong Subscriber Adds<\/strong>\n<ul>\n<li>Added 11.1 million subs in Q2, steadily growing QoQ.<\/li>\n<li>ARPU at Rs 181.7 with improving mix and data usage.<\/li>\n<li>Total data traffic up 29% YoY to 36.3 exabytes.<\/li>\n<li>5G rollout to further accelerate subscriber momentum.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Store Network Expansion<\/strong>\n<ul>\n<li>Opened 471 new stores, total area 71.5 million sq ft.<\/li>\n<li>Launched Yousta fast fashion youth format.<\/li>\n<li>Acquired kidswear brand Ed-a-Mamma and Superdry.<\/li>\n<li>Digital and new commerce at 19% of gross sales.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Fashion and Lifestyle Business<\/strong>\n<ul>\n<li>Good growth despite festival season shift between quarters.<\/li>\n<li>Online platform Ajio growing strongly, added 2M plus customers.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Grocery Business<\/strong>\n<ul>\n<li>Strong 33% YoY growth in stores and omni-channel.<\/li>\n<li>Pushing into non-food categories, collaborations with brands.<\/li>\n<li>Focus on premiumization and taking regional brands national.<\/li>\n<li>Integrating B2B grocery business with Metro Cash &amp; Carry.<\/li>\n<\/ul>\n<\/li>\n<li><strong>CapEx and Market Outlook<\/strong>\n<ul>\n<li>CapEx expected to peak in FY24, driven by completion of the 5G rollout.<\/li>\n<li>High visibility on growth in consumer businesses that generate high operating leverage reduces need for major near-term capex.<\/li>\n<li>The market outlook across business segments is constructive.<\/li>\n<li>Seeing strong oil and gas demand and prices, robust Indian fuel demand, and continued growth expected in consumer businesses.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Reliance Industries Limited (RELIANCE) Q2 FY24 Earnings Concall Financial Performance Q2 EBITDA reached record INR45,000 crores, up 30% YoY. Net profit grew 30% YoY to INR20,000 crores. Growth seen across consumer business, digital services, O2C and oil &amp; gas. Retail Business Growth Retail revenues grew 19% YoY to INR77,000 crores. Categories like [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":154818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,6351,392,5746,5753],"tags":[8190,10169,2021,9954,316],"class_list":["post-155907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-consumer-stocks","category-earnings","category-energy-stocks","category-industrials","tag-consumer","tag-earnings","tag-oil-gas","tag-petroleum","tag-telecom"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":155363,"url":"https:\/\/alphastreet.com\/india\/dixon-technologies-india-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":155907,"position":0},"title":"Dixon Technologies India Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"October 26, 2023","format":false,"excerpt":"Key highlights from Dixon Technologies India Ltd (DIXON) Q2 FY24 Earnings Concall Financial Performance Consolidated revenues grew 28% year-over-year to INR4,943 crores in Q2 FY24. Consolidated EBITDA grew 37% to INR200 crores and PAT grew 47% to INR113 crores in Q2 FY24. Expanded ROC to 32.9% and ROE to 24.4%\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":159118,"url":"https:\/\/alphastreet.com\/india\/reliance-industries-limited-q3-fy24-earnings-conference-call-insights\/","url_meta":{"origin":155907,"position":1},"title":"Reliance Industries Limited Q3 FY24 Earnings Conference Call Insights","author":"Praveen","date":"February 23, 2024","format":false,"excerpt":"Key highlights from Reliance Industries Limited (RELIANCE) Q3 FY24 Earnings Concall Financial Performance Consolidated EBITDA at INR 44,700 crores, up 17% year-on-year. Net profit at INR 19,641 crores, up 11% year-on-year. Growth led by strong performance in Retail and Oil and Gas businesses. Digital Services steady with 1% increase in\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":135057,"url":"https:\/\/alphastreet.com\/india\/infographic-reliance-industries-posts-strong-revenues-in-q2-fy2023-management-sounds-positive\/","url_meta":{"origin":155907,"position":2},"title":"Infographic: Reliance Industries Posts Strong Revenues in Q2 FY2023, Management Sounds Positive","author":"Priti_Ramgarhia","date":"October 21, 2022","format":false,"excerpt":"Reliance Industries Ltd (NSE: RELIANCE) reported mixed financial results for Q2 FY2023 (ended September 30, 2022). On a consolidated basis, RIL recorded gross revenues of Rs 2,53,497 crore, up 32.4% YoY riding on broad-based growth almost in all verticals. Revenues from operations grew 33.7% YoY to Rs 2,32,863 crore. Net\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-2.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":154984,"url":"https:\/\/alphastreet.com\/india\/newgen-software-technologies-limited-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":155907,"position":3},"title":"Newgen Software Technologies Limited Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"October 17, 2023","format":false,"excerpt":"Key highlights from Newgen Software Technologies Limited (NEWGEN) Q2 FY24 Earnings Concall Revenue Growth Across Geographies Newgen witnessed robust 30% YoY revenue growth to INR293 crores in Q2 FY24. Strong growth seen in India region with 38% YoY growth; significant orders from public and private banks. EMEA region grew 34%\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":160618,"url":"https:\/\/alphastreet.com\/india\/the-supreme-industries-limited-q4-fy24-earnings-conference-call-insights\/","url_meta":{"origin":155907,"position":4},"title":"The Supreme Industries Limited Q4 FY24 Earnings Conference Call Insights","author":"Praveen","date":"April 29, 2024","format":false,"excerpt":"Key highlights from The Supreme Industries Limited (SUPREMEIND) Q4 FY24 Earnings Concall Financial Performance Q4 net product turnover: INR2,979 crores, up 37% YoY. FY24 net product turnover: INR10,022 crores, up 11% YoY. Q4 consolidated operating profit: INR531 crores. Q4 consolidated profit after tax: INR355 crores. FY24 consolidated operating profit: INR1,654\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":135062,"url":"https:\/\/alphastreet.com\/india\/reliance-industries-reliance-posts-robust-q2-fy2023-driven-by-diversified-earnings-streams-despite-energy-markets-headwinds\/","url_meta":{"origin":155907,"position":5},"title":"Reliance Industries (RELIANCE): Posts Robust Q2 FY2023 Driven by Diversified Earnings Streams Despite Energy Markets Headwinds","author":"Priti_Ramgarhia","date":"October 24, 2022","format":false,"excerpt":"Reliance Industries Ltd (NSE: RELIANCE) reported mixed financial results for Q2 FY2023 (ended September 30, 2022). Revenue surpassed expectations, while earnings disappointed. In anticipation of mixed results, investors seem cautious about the company, reflecting a more than 1% fall in shares at Friday\u2019s close, prior to the earnings release. Revenues\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/155907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=155907"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/155907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/154818"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=155907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=155907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=155907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}