October 21, 2025

Reliance Industries is stealing the spotlight with a sparkling quarterly performance! The star segment? Its telecom business, which is charging full steam ahead thanks to a rise in ARPU (average revenue per user) and a flood of new customers. Sudip Bandyopadhyay, Group Chairman of Inditrade Capital, told ET Now, “Telecom has performed well. ARPU met expectations, and customer additions are happening at a scorching pace, even outpacing Bharti Airtel. This segment will remain a core pillar of Reliance’s financials.” But the fireworks don’t stop there. Reliance’s retail and O2C (oil-to-chemicals) businesses are also shining bright, powered by strong festive demand and GST relief, making the numbers crisp and satisfying. Bandyopadhyay said the overall results matched expectations and praised these segments for their solid showing. Now, the big question for investors buzzing around the stock market is: What about the much-anticipated Jio listing? Bandyopadhyay shared, “There are two possible routes: a separate IPO or a demerger like Jio Financial Services. Either way, Jio is a fast-growing business with huge scope for value creation. We’ll have to wait and see how management proceeds.” This means the Jio shares could unlock amazing shareholder value soon, acting as a goldmine for long-term investors. Talking about the other parts of Reliance’s empire, the O2C and digital services are holding strong, though the O2C segment feels the rollercoaster ride of global crude prices. The FMCG business, now a separate superstar, is an exciting watch as it grows, while the new energy venture backed by a huge ₹75,000 crore investment promises futuristic promise. However, Bandyopadhyay cautions it’s early days for big announcements here. His advice to investors? “Reliance is a fantastic company with all growth levers in place. Investors should take a three- to five-year view. Value unlocking across telecom, retail, FMCG, and new energy will happen over time. Stay invested and be patient.” So, with telecom roaring, retail thriving, and Jio’s exciting IPO on the horizon, Reliance Industries is clearly the heavyweight to watch. The journey ahead looks like a thrilling roller coaster packed with growth, opportunities, and long-term rewards!

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Tags: Reliance industries, Telecom, Jio listing, Retail growth, Arpu, Investors,