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Reliance’s growth engines may be losing steam | The Morning Context

LONGREAD
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Business

Reliance’s growth engines may be losing steam

Telecom and retail, which account for half the conglomerate’s revenue and most of its valuation, aren’t accelerating fast enough to justify their price tags.

16 January, 2026•7 min

2

16 January, 2026•7 min

2

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Reliance’s growth engines may be losing steam

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LONGREAD
/
Business

Reliance’s growth engines may be losing steam

Telecom and retail, which account for half the conglomerate’s revenue and most of its valuation, aren’t accelerating fast enough to justify their price tags.

16 January, 2026•7 min

2

16 January, 2026•7 min

2

Getting your Trinity Audio player ready...

Reliance’s growth engines may be losing steam

More in Business

Story image

Akasa, Air India Express or SpiceJet: plenty on offer for Adani’s airline play

Prince M. Thomas

Story image

Akasa, Air India Express or SpiceJet: plenty on offer for Adani’s airline play

A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.

Prince M. Thomas

Story image

Suits and countersuits fly between IPO-bound Zetwerk and Ayr Energy

Suits and countersuits fly between IPO-bound Zetwerk and Ayr Energy

Story image

BSE and NSE’s money-with-morals indices struggle to justify their existence

BSE and NSE’s money-with-morals indices struggle to justify their existence

Story image

Ambanis double down but Reliance’s growth engines sputter

The Morning Context team

Ambanis double down but Reliance’s growth engines sputter

The Morning Context team

Story image

Tata Consumer Products struggles with Capital Foods, its most expensive buy

Tata Consumer Products struggles with Capital Foods, its most expensive buy

Story image

Groww just can’t seem to shake off its derivatives dependence

Groww just can’t seem to shake off its derivatives dependence

You may also like

Story image

Ambanis double down but Reliance’s growth engines sputter

While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.

The Morning Context team

Story image

Isha Ambani’s FMCG ambitions rest on Independence

Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.

Story image

Jio IPO headlines a Reliance AGM full of big promises

While the filing for an IPO by its telecom and digital business was the highlight, Reliance laid out plans for its new energy and retail businesses, setting them up for eventual listings.

The Morning Context team

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