RIL AGM Live: Company at inflection point, consumer business firing, says Mukesh Ambani

NEW DELHI: Reliance Industries' Chairman and Managing Director Mukesh Ambani on Thursday said the company's earnings profile underwent a major fundamental change in FY18 as new age businesses started delivering profits.

Hydrocarbon and consumer businesses have helped the company create more scale and scale new heights, he said.

The Jio and retail businesses accounted for 13 per cent of total consolidated Ebitda of the company in FY18 compared with 2 per cent in the previous year.


"It is taking place at a time when hydrocarbon businesses are growing at fast pace," Ambani said.

The company launched Jio Giga Router & Jio GigaTV Set Top Box along with Jio Smart Home Solutions.

Mukesh Ambani also unveiled hybrid new commerce platform to bring small retail players on to online market.

We have 69 channels across news and entertainment, Ambani added.