India's Reliance Industries beat estimates for fourth-quarter profit on Friday, as strong performance in its retail and digital businesses offset weakness in its oil-to-chemicals (O2C) unit. The Mukesh Ambani-led conglomerate posted a consolidated profit of 194.

Mukesh Ambani-led, oil-to-telecom-to-retail conglomerate Reliance Industries Ltd., the Nifty 50 heavyweight, will be reporting results for the January-March quarter later this evening. Analysts are expecting a mixed quarter for the company,

Reliance Industries posted resilient performance in the fiscal fourth-quarter, with net profit (pre-minority) rising 6.4 percent from a year earlier, as strong growth in its digital and retail units offset softer earnings from its energy businesses.