Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) is scheduled to announce its September quarter earnings of FY21 (Q2FY21) on Friday (October 30). All segments except refining are expected to do well.
Goldman Sachs expects petchem business to meaningfully recover from Q1 trough. It expects the petchem EBITDA to rise 28 percent on a QoQ basis.
However, the big revival is expected to be in the consumer businesses on a sequential basis. Nomura expects a 29 percent QoQ growth in Reliance Retail revenues and a 55 percent growth in EBITDA.
Also, Goldman Sachs expects RIL's EBITDA to double by FY25. It believes that both telecom and retail business is at the cusp of a strong growth period.Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.