Mumbai, Oct. 16 -- Investors will be keenly looking for an improvement in second quarter earnings of Reliance Industries after the company went through a protracted period of muted earnings growth due to shrinking margins in its oil-to-chemicals (O2C) business, heavy capital investments for 5G rollout in its telecom business, and a restructuring of its retail unit.

Reliance, India's most valuable company, is set to report its financial results for the second quarter of fiscal 2026 on Friday.

Its consolidated profit and EBITDA growth has been muted for the past eight quarters, logging several sequential declines in this period. The company's net profit grew from Rs.16,011 crore in the first quarter of FY24 to Rs.26,994 crore in the first...