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Reliance Retail Revenue Up, Shares Dip Amid Slowdown

1/21/2026

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Summary

Story summary

Reliance Retail's revenue rose 8.1% in the December quarter, with EBITDA up 2%.
Analysts trimmed earnings estimates and cut stock targets on a retail slowdown.
Isha Ambani expressed confidence in achieving over 20% CAGR in retail revenues over three years.
Citi and UBS lowered target prices for Reliance shares, citing secular growth slowdown.
Reliance's shares fell nearly 5% since the earnings announcement despite steady oil refining and telecom performance.

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Story summary

Reliance Retail's revenue rose 8.1% in the December quarter, with EBITDA up 2%.
Analysts trimmed earnings estimates and cut stock targets on a retail slowdown.
Isha Ambani expressed confidence in achieving over 20% CAGR in retail revenues over three years.
Citi and UBS lowered target prices for Reliance shares, citing secular growth slowdown.
Reliance's shares fell nearly 5% since the earnings announcement despite steady oil refining and telecom performance.