New Delhi, April 28 -- Reliance Industries Ltd's Q4FY25 results show that Ebitda, from its consumer-facing businesses, has outpaced commodity businesses for the fourth quarter in a row. Retail and digital (mainly telecom) reported an Ebitda growth of 17% year-on-year to Rs.23,526 crore, while oil-to-chemicals (O2C) and upstream showed a 10% drop to Rs.20,203 crore.

Notably, despite the seasonality factor of the festival-led consumption boost in Q3, retail revenue and Ebitda fell just 1-2% sequentially. Year-on-year retail revenue was up 16% to Rs.78,622 crore. The number of total stores stood at 19,340 as on 31 March, representing just 3% growth based on the average of the past two quarters and Q4-end figures. Thus, average revenue per s...