“Reliance Consumer Products Ltd (RCPL) is set to become a direct subsidiary of RIL. This will consolidate all our consumer brands into a single, sharply focused company,” Isha Ambani, Executive Director of Reliance Retail, told shareholders at the annual meeting.
She said the new structure will allow the unit to operate independently, respond faster to evolving consumer trends, and attract top talent with a clear mandate. “It will provide the independence to focus exclusively on its markets, products, and customers without competing for management bandwidth. This structure will enable sharper execution, faster innovation cycles, and deeper operational focus – all critical to winning in consumer markets,” she added.
Highlighting the scale of opportunity, Isha noted, “India’s consumer market is a $2 trillion high-growth opportunity, expanding at over 8% annually. Our 350 million middle-class households have a combined purchasing power exceeding ₹100 lakh crore, while rural markets, 900 million strong, are driving 65% of FMCG growth.”
In just three years, RCPL has achieved revenues of ₹11,500 crore ($1.4 billion), making it the fastest-growing FMCG player in India, she said. Flagship brands like Campa Cola have broken into a 30-year MNC duopoly, while the Independence brand has crossed ₹1,000 crore in revenues.
RCPL has also expanded into West Asia, Sri Lanka, Nepal, and begun exports to West Africa. “Our target is to enter at least 25 countries in the next 12 months, building an Indian consumer brands powerhouse with global reach,” Isha Ambani told shareholders.
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