Latest news with #RelianceConsumerProducts
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Business Standard
2 days ago
- Business
- Business Standard
Reliance Consumer Products on strong growth trajectory: Reliance Retail CFO
Reliance Consumer Products is rapidly expanding its capabilities and aims to become one of India's largest FMCG companies by 2030, with significant growth in revenue and market share Sharleen Dsouza Mumbai Listen to This Article Reliance Consumer Products is on a strong accelerated growth trajectory and is rapidly expanding its supply chain and manufacturing capabilities across the country, Dinesh Taluja, chief financial officer, Reliance Retail, said. The fast-moving consumer goods (FMCG) arm is also in the process of being demerged from the company's retail network. 'Our FMCG business is on a very accelerated growth trajectory with revenue nearly doubling year-on-year. While we benefit from Reliance's retail network, we've also built a substantial independent distribution system. Following a high-decibel IPL campaign, Campa now enjoys high recall and double-digit market share in key markets. We're rapidly expanding
Business Standard
6 days ago
- Business
- Business Standard
Lotus Chocolate hits the floor after Q1 PAT slumps 56% YoY to Rs 3 cr
Lotus Chocolate Company was locked in lower circuit of 5% at Rs 1,343.20 after the company's standalone net profit tumbled 56.49% to Rs 2.98 crore in Q1 FY26 as against Rs 6.85 crore posted in Q1 FY25. However, revenue from operations rose 12.31% to Rs 158.70 crore in the first quarter of FY26 from Rs 141.30 crore recorded in Q1 FY25. During the quarter, profit before tax (PBT) was at Rs 3.97 crore in Q1 FY26, down 61.82% as against with Rs 10.40 crore posted in Q1 FY25. Total expenses jumped 20.85% to Rs 158.34 crore in Q1 FY26 as compared with Rs 131.02 crore in Q1 FY25. The cost of material consumed stood at Rs 157.78 crore (up 35.71%), employee benefit expenses were at Rs 6.52 crore (up 88.98%) and finance cost was at Rs 4.07 crore (up 567.21% YoY) during the period under review. Meanwhile, the board of directors of the company has approved the appointment of Natarajan Mayuram Venkataraman as an additional director and whole-time director, effective 16 July 2025. His term as whole-time director will be for a period of five years, subject to the approval of the members. Lotus Chocolate Company manufactures the finest chocolates, cocoa products, and cocoa derivatives. Its products are supplied to chocolate makers and chocolate users across the world, from local bakeries to multinational companies. It is owned by Reliance Consumer Products (RCPL), which is the FMCG arm and a wholly owned subsidiary of Reliance Retail Ventures (RRVL), which is a subsidiary of Reliance Industries (RIL).
Business Standard
19-06-2025
- Business
- Business Standard
Reliance to invest up to ₹8,000 crore to expand beverage business
Fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures, Reliance Consumer Products Ltd (RCPL), is set to invest between ₹6,000-₹8,000 crore over the next 12-15 months to expand its beverage manufacturing capacity, according to a report by The Economic Times. The investment, which would be Reliance's most significant capital outlay in the consumer products space to date, will reportedly fund the addition of nearly 10 to 12 new manufacturing facilities across India. This will include greenfield plants and co-packing facilities operated with partners. This marks Reliance' largest investment in the consumer products sector to date, and is intended to boost competitiveness against Coca-Cola, PepsiCo, and regional brands. According to the report, a major portion of the new investment will go into joint ventures. A plant was opened earlier this year in Guwahati with Jericho Foods and Beverages LLP, and another is reportedly under construction in Bihar. Reliance Consumer Products was launched in 2022 as a wholly owned subsidiary of Reliance Retail. Its portfolio spans a growing number of popular beverages under brands like Campa Cola, Sosyo, Spinner, RasKik, and Independence, as well as packaged foods and personal care products under labels such as Sil, Lotus Chocolate, and Ravalgaon. The company currently manufactures beverages across 18 plants, all of which are run through joint investments. Spinner, a ₹10 sports drink brand launched with former Sri Lankan cricketer Muttiah Muralitharan, is among the newer offerings aimed at undercutting established players like Gatorade and Sting. Reliance Consumer Products targets the lower end of the consumer market with a pricing strategy that undercuts rivals by 20 to 40 per cent. The company aims for full national availability by March 2027, with beverages reaching 70 per cent coverage by March 2026. Reliance Consumer Products reported ₹11,500 crore in revenue in 2024-25, with Campa and Independence each crossing ₹1,000 crore in sales, despite summer sales being impacted by early monsoon rains.
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Business Standard
01-06-2025
- Business
- Business Standard
Reliance Consumer develops a sweet tooth chasing bittersweet growth
Though present in biscuits and namkeens, its immediate priority is grabbing a share of the Indian consumer's pocket change - via candies, chocolates, and toffees Sharleen Dsouza Mumbai Listen to This Article Reliance Consumer Products is in a sweet spot – and it intends to stay there. Launched barely three years ago, the company has already entered the list of India's top 10 fast-moving consumer goods (FMCG) players by revenue in the 2024-25 financial year (FY25). After making headlines by acquiring Campa Cola in 2022 — and taking the brand overseas in under two years — Reliance Consumer Products quickly expanded into food and non-food categories under the 'Independence' brand. Now, it has trained its sights on a new frontier: Confectionery. This marks the company's third major focus area after gaining traction
India.com
05-05-2025
- Business
- India.com
Mukesh Ambani, Isha Ambani to spin off this division from Reliance Retail, it will become separate…
Reliance Consumer Products is the fast-moving consumer goods (FMCG) arm of Reliance Retail which has achieved growth in a short span of time. The company is now considering spinning it off into a separate entity, according to The Hindu Business Line report. It was launched in 2022 when Reliance Consumer Products was a big player in the FMCG sector. In its FY25 Q4 results, the company reported revenues of Rs 11,500 crore more than its other competitors. Over 60% of these revenues were generated by general trade and major contributions were from its in-house brands. Considering the possibility of rapid growth and strong performance, Reliance Group may spin off the business, according to media reports. Reliance Retail Q4 Results In the March quarter, Reliance Retail saw over 2.4 times growth in terms of the number of orders, which is a significant scale-up, said its CFO Dinesh Taluja during the earnings call earlier this week. 'And we are seeing very strong traction with a 2.4x quarter-over-quarter growth in daily exit orders. And this number will scale up substantially in the coming year as well. We are also starting to proactively market this proposition, our proposition of no hidden charges, quick delivery, and no delivery fees continues to resonate very well with the customers,' said Taluja. Reliance covers hyper-local deliveries, a sub-30-minute delivery, at 4,000 pin codes across the country through its network of existing stores, which has a much wider reach than any other quick commerce player in the country. Through its JioMart app, Reliance Retail is offering quick and scheduled deliveries, which currently has three types of services. There is an under-30-minute quick service, and second is a scheduled delivery, where the assortment is much wider, and then there is a subscription service, where a customer can subscribe and everyday goods are delivered at doorsteps early morning. 'All three are picking up very well. The average daily orders were up 62 per cent on a Y-o-Y basis,' he said, adding, 'Specifically, our under 30-minute offering, which has the widest network reach. We have almost 2,000-plus stores which are on the network, covering more than 4,000 plus pin codes. So this is much wider reach than any other quick commerce player. We have kind of re-pivoted our model completely to under 30 minutes delivery. 'There are some dark pockets where we will set up dark stores also, wherever there is a genuine requirement, there is enough volume and we cannot service it within 30 minutes, we may set up some dark stores as well. So that is on the quick commerce side of it. 'Our stores, purely on a standalone basis, are seeing double-digit like for like growth for last several quarters. So stores are also growing pretty rapidly. We are not seeing that impact either in metro or in any other city,' he said. Similarly, for its online fashion business Ajio, Reliance Retail has launched same-day and next-day delivery across 26 cities. 'So, we are increasing the speed at which we are able to deliver the products,' he said. (With Inputs From PTI)
