Reliance has recently entered the FMCG business through its RCPL arm by launching the ‘Independence’ brand for staples, processed foods, beverages and other daily necessities in Gujarat. The brand will be launched across India in a few months. The brand, which will compete with Tata Consumer Products, Hindustan Unilever, Nestle India, Britannia Industries and ITC, among others, will sell Indian-made consumer goods ranging from processed foods to everyday products.
Last month, RCPL’s parent company, Reliance Retail Ventures, acquired a 100% stake in METRO Cash & Carry India, a wholly owned subsidiary of German wholesaler METRO AG, for ₹2,850 crore.
Reliance has been on an acquisition spree after Isha Ambani announced during the company’s 45th AGM in August 2022 that Reliance Retail would enter the FMCG space. In September, the company acquired local soft drink brand Campa from Delhi-based Pure Drinks Group for around £22million. RIL also acquired another soft drink brand, Sosyo, from Hajoori of Surat.
In the last three years, Reliance Retail has acquired brands such as Hamleys, Just Dial, Milkbasket, Zivame, Clovia, Portico, Netmeds and Urban Ladder, among others. It has also partnered with 7-Eleven, the iconic global retail chain, to launch its operations in India.
