Reliance Jio may gain 10% telecom market share to reach 44% by FY22: Report

Reliance Jio may increase its market share to 44 per cent by the end of the financial year 2021-22 in telecom, a Bernstein report said on Friday. Currently, Jio’s market share in telecom is around 34 per cent.

“Over the past three years, Reliance has achieved a leadership position in telecom with a 34 per cent market share. We expect it to reach a 44 per cent share by FY22 and achieve returns above WACC (weighted average cost of capital) for the first time,” said the report.

Regarding the company’s growth in the retail segment, it said that the “greatest growth opportunity” lies in the organised retail segment.

“We expect India’s retail market, which is currently 90 per cent unorganized and ready for digital disruption, to reach $1.2 trillion by 2025. Reliance is the offline leader with $18.5 billion in revenues and 11,000+ stores.