Reliance Industries experienced a 5% YoY drop in Q2FY25 net profit to ₹16,563 crore, largely from its O2C segment. Yet, digital services and upstream business growth signal resilience, leading brokerages to uphold positive ratings and price targets amid ongoing challenges.

India's Reliance Industries reported a drop in second-quarter profit on Monday, as its oil-to-chemicals (O2C) business grappled with lower margins, more than offsetting a boost from price increases for the company's mobile services.

Reliance Jio's net profit surged 23.2% year-on-year, reaching ₹6,231 Crore, while revenue increased by 14.5%, rising to ₹28,338 Crore.

Reliance Retail Ltd's revenue from operations fell 3.5% year-on-year to ₹66,502 crore for the quarter ended September impacted by weak fashion and lifestyle demand, continued focus on streamlining of operations and calibrated approach to business-to-business to improve margins, the company says.