Driven by growth in retail, Jio, and oil to chemicals (O2C) businesses, Reliance Industries ( RIL ) could post 13-14% year-on-year Ebitda growth in the second quarter of this financial year, brokerages have said. Sequentially, growth in earnings before interest, taxes and depreciation & amortisation (Ebitda) is expected to be flat, they said.

In the first quarter, the conglomerate posted its highest-ever quarterly Ebitda and y-o-y Ebitda growth of 36%.

JP Morgan said RIL could report 14% y-o-y growth in consolidated Ebitda, driven by improved O2C margins, which will be supported by a weaker rupee and the telecom tariff hikes from last year.

“We expect Reliance Retail to deliver 10% y-o-y Ebitda growth — contained to some degree by the GST cuts announced in early September. RIL’s Q2FY2

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