Mukesh Ambani’s Reliance Industries has undergone a significant transformation, with its consumer-focused segments—Reliance Retail and Reliance Jio—now generating more than half of the company’s operating profits, surpassing its long-standing energy business. In 2017, energy contributed nearly all of RIL’s profits, but by FY 2025, the consumer businesses have taken the lead. Analysts expect strong future growth, with Jio’s profits rising at 21% annually and Retail’s at 15–20%, thanks to factors like improved pricing, broadband expansion, and retail efficiency. This shift is not only boosting profit margins but also delivering strong cash flows, redefining Ambani’s role from an energy leader to a tech and consumer business pioneer. Investment firms remain confident in RIL’s growth, supported by strong financials and low debt.
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