Analysts expect Reliance Q1 profit to jump 31% YoY, with 4% revenue growth driven by Jio and retail segments.

• Jio’s average revenue per user is likely up 2% QoQ, fueling 3% revenue growth, says top-rated Centrum analyst.
• ICICI Securities sees strong retail earnings, though upstream oil may drag due to lower output and profit share.
• Stock down 0.4% today; YTD, Reliance up 14%, outperforming Nifty 50’s 6% rise.