Reliance Jio, Retail now makeup half of RIL’s EBITDA; how Mukesh Ambani’s new cash cows fared in Q2

Mukesh Ambani is on a mission to carve a tech giant out of Reliance Industries Ltd empire. Amid this, RIL’s consumer facing businesses Jio Platforms and Reliance Retail have been gaining prominence. Combined, the digital services arm and the retail business of Mukesh Ambani’s oil-to-telecom behemoth make up for 49% of the company’s total EBITDA. Jio Platforms and Reliance Retail are the two segments of RIL that in recent months have been the most lucrative of the RIL pie, as marquee investors lined up to have a piece of them. Here’s how they fared during the July-September quarter.