On August 29, Reliance Industries Ltd (RIL) announced it will restructure its consumer products business by making Reliance Consumer Products Ltd (RCPL) a direct subsidiary. This move aims to strengthen focus on one of RIL’s fastest-growing segments as it competes with global FMCG giants in India.
At the AGM, Isha Ambani, Executive Director of Reliance Retail, said the restructuring will consolidate all consumer brands under one focused entity, allowing RCPL to operate independently, adapt quickly to market trends, and attract top talent. The structure will drive faster innovation, sharper execution, and greater operational focus.
Isha highlighted India’s $2 trillion consumer market, growing at over 8% annually, with rural markets contributing 65% of FMCG growth. She noted India’s 350 million middle-class households hold purchasing power of over ₹100 lakh crore.
In just three years, RCPL has reached ₹11,500 crore ($1.4 billion) in revenue. Brands like Campa Cola have disrupted long-standing MNC dominance, while Independence crossed ₹1,000 crore. RCPL has expanded into West Asia, Sri Lanka, Nepal, and aims to enter 25 countries in the next year.