Sustained weakness in O2C margins
Fuel cracks and petrochemical deltas remain under pressure due to weak demand and new supply, potentially impacting O2C earnings further.
RELIANCE / Q2-FY25 / risks
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Material risks this quarter
high
Retail demand recovery uncertainty
Fashion and lifestyle segment weakness persisted; management's expectation of normalization in 2-3 quarters may be delayed if consumer sentiment remains weak.
Jio subscriber churn from tariff hike
Subscriber base declined by 10.9 million in Q2; while management calls it lower than historical churn, further erosion could pressure revenue.