RIL’s retail business likely to grow 3x in next 3-5 years: Report

Reliance Industries’ (RIL) retail business is expected to grow three times in next the next three to five years at a robust CAGR of 35-40 per cent, said a Bernstein report.

Digital or new commerce continues to scale up and contributes 10 per cent of sales, it said.

It further said that, RIL’s recently announced clean energy business may well be create a valuation of about $36 billion.

It said clean energy has the potential to be value accretive if Reliance can pull it off.

“Most clean energy companies are trading on 2-3x P/S. Based on capex for clean energy, we see a route to Reliance building a clean energy business, which could be worth $36bn or Rs 395/sh,” it said.