Reliance registered a strong growth in Q1FY20 topline (+21.3% YoY to Rs. 161,349cr) primarily driven by 47.5% YoY growth in Retail segment (representing 18.7% of revenue) and 54.5% growth in Digital Services (~7.3% of revenue). This is only partially offset by weakness in Petrochemicals segment (-6.6% YoY; accounted for 18.4% of revenue), and Oil and Gas segment (-35.5% YoY; ~0.4% of revenue) impacted by lower production volumes, trade tension and weak demand growth. EBITDA margin declined 169 bps with Oil and Gas segment leading the declines (-11.6% YoY). EBIT margins fell 92bps driven by the fall in Refining and Marketing segment margins (113bps YoY) partially offset by the improved margins in Digital Services (+289bps...