Latest news with #RCPL
Bloomberg
03-07-2025
- Business
- Bloomberg
Reliance to Spin Off Consumer Goods Brands Ahead of Retail IPO
By and Shruti Mahajan Save Reliance Industries Ltd. is transferring all its consumer goods brands to a new wholly-owned subsidiary as the billionaire Mukesh Ambani-led oil-to-telecom conglomerate readies for an initial public offering for its retail business. The brands — spanning apparel, fashion, food, personal care and beverages — currently housed under Reliance Retail Ltd., Reliance Retail Ventures Ltd., and Reliance Consumer Products Ltd. will be moved to the so-called New Reliance Consumer Products Ltd. or RCPL, a National Company Law Tribunal order dated June 25 said.
Economic Times
03-07-2025
- Business
- Economic Times
Mukesh Ambani's Reliance Industries to spin off FMCG brands into new arm ahead of mega IPO plans
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai | Kolkata: Reliance Industries Ltd (RIL) is embarking on a restructuring exercise that aims to group all its fast-moving consumer goods (FMCG) brands, currently part of its retail ventures, into a new company so they get "specialised and focused attention", besides drawing investors focused on this products are currently with Reliance Retail Ventures Ltd ( RRVL ), Reliance Retail Ltd (RRL) and Reliance Consumer Products Ltd (RCPL). The unit that's going to house the FMCG brands is to be called New Reliance Consumer Products Ltd (New RCPL) and will be a direct subsidiary of RIL, much like Jio Platforms move will help attract a 'different set of investors', according to a June 25 National Company Law Tribunal (NCLT) order, which stems from RIL's filing for the restructuring.'The consumer brands business is one of building brands, managing the entire product lifecycle from research, development, manufacturing, distribution and marketing,' according to the order. 'This is a large business by itself requiring specialised and focused attention, expertise and different skill sets as compared to retail business.'RIL chairman Mukesh Ambani has already indicated IPO plans for the retail and telecom businesses. The restructuring exercise will help ready the retail business for a share sale by spinning off the FMCG business , which could have inflated valuations, said a person aware of the company's plans. As per RIL's latest figures, RRVL has a valuation of over $100 billion. That's likely to make the public offer, if it materialises, one of the largest in recent FMCG business was worth Rs 11,500 crore in FY25 and features over 15 homegrown and acquired brands such as Campa (soft drinks), Independence (packaged grocery) and Ravalgaon (confectionery). Other acquisitions include jam and sauce brand SIL, regional beverage brand Sosyo and shampoo brand Velvette.'This business also entails large capital investments on an ongoing basis and can attract a different set of investors,' according to the NCLT document. 'The consumer brands business is not part of the retail business and it is proposed that this business is housed in a direct subsidiary of RIL.'RCPL—which is responsible for manufacturing, distribution and marketing—sells the products at prices that are 20-40% lower than rivals Coca-Cola, Mondelez and Hindustan Unilever besides offering higher trade margins.
Time of India
03-07-2025
- Business
- Time of India
Mukesh Ambani's Reliance Industries to spin off FMCG brands into new arm ahead of mega IPO plans
Mumbai | Kolkata: Reliance Industries Ltd (RIL) is embarking on a restructuring exercise that aims to group all its fast-moving consumer goods (FMCG) brands, currently part of its retail ventures, into a new company so they get "specialised and focused attention", besides drawing investors focused on this segment. The products are currently with Reliance Retail Ventures Ltd ( RRVL ), Reliance Retail Ltd (RRL) and Reliance Consumer Products Ltd (RCPL). The unit that's going to house the FMCG brands is to be called New Reliance Consumer Products Ltd (New RCPL) and will be a direct subsidiary of RIL, much like Jio Platforms Ltd. Biz Entails Large Capital Investments The move will help attract a 'different set of investors', according to a June 25 National Company Law Tribunal (NCLT) order, which stems from RIL's filing for the restructuring. 'The consumer brands business is one of building brands, managing the entire product lifecycle from research, development, manufacturing, distribution and marketing,' according to the order. 'This is a large business by itself requiring specialised and focused attention, expertise and different skill sets as compared to retail business.' RIL chairman Mukesh Ambani has already indicated IPO plans for the retail and telecom businesses. The restructuring exercise will help ready the retail business for a share sale by spinning off the FMCG business , which could have inflated valuations, said a person aware of the company's plans. As per RIL's latest figures, RRVL has a valuation of over $100 billion. That's likely to make the public offer, if it materialises, one of the largest in recent times. The FMCG business was worth Rs 11,500 crore in FY25 and features over 15 homegrown and acquired brands such as Campa (soft drinks), Independence (packaged grocery) and Ravalgaon (confectionery). Other acquisitions include jam and sauce brand SIL, regional beverage brand Sosyo and shampoo brand Velvette. 'This business also entails large capital investments on an ongoing basis and can attract a different set of investors,' according to the NCLT document. 'The consumer brands business is not part of the retail business and it is proposed that this business is housed in a direct subsidiary of RIL.' RCPL—which is responsible for manufacturing, distribution and marketing—sells the products at prices that are 20-40% lower than rivals Coca-Cola, Mondelez and Hindustan Unilever besides offering higher trade margins.
New Indian Express
28-06-2025
- Business
- New Indian Express
Reliance to set up beverage plant at Orvakal
KURNOOL: The State government has approved the setting up of a large-scale beverage manufacturing unit by Reliance Consumer Products Limited (RCPL) in the Orvakal Mega Industrial Hub of Kurnool district. The Rs 1,622 crore project will produce carbonated soft drinks, fruit juices, packaged drinking water, and other beverages. The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has allotted 80 acres of land for the unit, priced at Rs 30 lakh per acre. Land acquisition will be completed by 30 June, while registration is expected by July 20. The plant will begin trial production by June 2026, with full-scale commercial operations scheduled for December 2026. Machinery installation and infrastructure work will conclude by December this year. The project would create direct employment for 1,200 people and indirect employment for another 2,400. Minister for Industries, Commerce and Food Processing TG Bharath told TNIE that the project materialised after just one and a half months of discussions. 'It is the best example of how fast we are progressing. Securing such a major investment in a short span reflects our government's commitment,' he said. HRD Minister Nara Lokesh also tweeted on X, stating, 'As part of our commitment to Rayalaseema's development, the State government has allotted land at Orvakal for Reliance Consumer Products Ltd to set up a Rs 1,622-crore mega beverages unit. Thanks to the visionary leadership of CM @ncbn garu, Rayalaseema's industrial transformation is taking shape.'
India.com
21-06-2025
- Business
- India.com
Mukesh Ambani makes big move to compete with Coca-Cola and Pepsi, to invest Rs 80000000000 crores in...
Mukesh Ambani makes big move to compete with Coca-Cola and Pepsi, to invest Rs 80000000000 crores in... Mukesh Ambani's company Reliance Consumer Products Limited (RCPL) is going to make a big investment on its beverage brands. The company will invest up to Rs 8000 crore in the next 12-15 months. This investment will be made to increase the production of Campa and other beverages. Reliance Consumer wants to strengthen its hold in the market with this investment. Reliance Consumer is ready to compete with big companies like Coca-Cola and PepsiCo. Also, the company aims to challenge small, regional brands present across the country. According to Economic Times, the company is planning to open about 10-12 new factories. The company will build some factories itself and will work in collaboration with other companies in some. Biggest investment ever An official said that this is the largest investment ever made by RCPL. RCPL started working as a subsidiary of Reliance Retail Ventures in 2022. The official also said that this investment is being made jointly by Reliance and some of its partners. The total investment will be Rs 6000 to 8000 crore. Plant will in Bihar In February, Reliance started a plant in Guwahati. This plant has been started in collaboration with local company Jericho Foods and Beverages LLP. Soft drinks and water are made in this plant. This plant fulfills the needs of the Northeast region. The company is also going to set up another plant in Bihar. So far, Campa and other beverages are being made in 18 plants. All these plants have been built under co-investment. This means that along with Reliance, other companies have also invested money in them. Partnership with Muralitharan Reliance Consumer's beverage portfolio includes several brands. These include flavors like Campa Cola, Orange and Lemon. Apart from this, Sosyo soft drinks, Spinner sports drink, Sun Crush juice, fruit-based hydration brand RasKik and Independence Water are also included. Reliance Consumer has partnered with former Sri Lankan cricketer Muttiah Muralitharan. Spinner sports drink will be made and sold in this partnership. This drink will be available in a 250 ml bottle for Rs 10. It is much cheaper than PepsiCo's brands like Gatorade and Sting.
