Brokerages expect digital services to remain the key growth driver for Reliance Industries (RIL) in the coming quarters. “Digital Services is likely to remain the biggest growth driver, contributing ~85% to RIL’s incremental consolidated Ebitda over FY26-28,” Motilal Oswal said in a report. The brokerage expects the digital business to deliver an Ebitda (earnings before interest, taxes, depreciation and amortisation) CAGR of about 19% over FY26-29, driven by tariff hikes (around 15% from Q3FY27), market share gains in wireless, and continued ramp-up of home broadband and enterprise offerings.