After a difficult first quarter, Reliance Industries Limited (RIL) and Bharat Petroleum Corporation Limited (BPCL) are optimistic about improvements in product cracks. Both companies faced pressure due to fluctuating market conditions and lower margins, but they anticipate a turnaround as demand stabilises. During Q1, RIL and BPCL reported challenges from volatile crude prices and weaker refining margins. The global economic slowdown and geopolitical tensions contributed to these difficulties, affecting profitability and operations. However, both companies are hopeful about the upcoming quarters. With signs of market stabilisation and recovering demand, particularly in key sectors such as transportation and industrial production, they expect refining margins to improve. RIL and BPCL are focusing on optimising operations and leveraging their integrated business models to enhance efficiency and reduce costs. Strategic initiatives and investments in technology are being prioritised to strengthen their market positions and adapt to changing industry dynamics. Analysts suggest that a rebound in product cracks could benefit from increasing global demand for refined products, especially in emerging markets. This recovery is likely to boost profitability and support future growth plans for both companies. The anticipated improvement in product cracks highlights the resilience of RIL and BPCL in navigating market challenges and underscores their commitment to sustaining growth in a competitive environment. With a positive outlook, both companies aim to capitalise on emerging opportunities and deliver value to stakeholders.