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Reliance Retail has completed its internal restructuring, transferring its consumer business to New Reliance Consumer Products Ltd (New RCPL), which has now become a direct subsidiary of Reliance Industries with an 83.56 per cent stake. The move involved a share swap with RRVL shareholders and the dissolution of RCPL. The company has grown rapidly in the FMCG sector, surpassing INR 11,000 crore in revenue since its inception in FY-25. Reliance continues to expand its presence across multiple FMCG segments, building on brand launches and acquisitions since entering the market in 2022.
Reliance Retail, India's leading retailer, has completed an internal restructuring that transferred its consumer business to a newly formed entity, New Reliance Consumer Products Ltd (New RCPL). This new entity is now a direct subsidiary of Reliance Industries Ltd (RIL), with the Mukesh Ambani-led group holding an 83.56 per cent stake, according to a late regulatory filing. Advertisement
The restructuring followed a scheme of arrangement between Reliance Retail Ltd (RRL), Reliance Retail Ventures Ltd (RRVL), their shareholders and creditors, and Reliance Consumer Products Ltd (RCPL). Under this scheme, the FMCG brands business from RRL was transferred to New RCPL. The scheme became effective from December 1, 2025, and RCPL, which was a subsidiary of the company, was dissolved on the same date.
As part of the arrangement, New RCPL will issue one fully paid-up equity share of INR 10 each for every two fully paid-up equity shares of INR 10 each held by RRVL shareholders. Following this share allotment, the pre-scheme paid-up capital of New RCPL held by RRVL will be canceled, making New RCPL an 83.56 per cent direct subsidiary of RIL. RIL itself holds an 83.56 per cent stake in RRVL, while the remaining 16.44 per cent is held by other investors.
RCPL has been one of the fastest-growing companies in the FMCG sector, crossing INR 11,000 crore in revenue within three years of its establishment in FY-25. Earlier this year, in its latest earnings update, RIL reported that RCPL recorded a gross revenue of INR 9,850 crore in the first half of FY-26.
Reliance entered the FMCG market in 2022 and has since launched several brands, including Independence, and acquired well-known names such as Campa Cola. The company now has a presence across multiple FMCG segments, including beverages, soaps, staples, dishwashing liquids, detergents, and floor cleaners. RRVL had reported a consolidated turnover of INR 3.30 lakh crore for the year ended March 31, 2025.
Source PTI
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