Reliance Industries has projected a turnover of over Rs 1,000 crore for each of its fast-moving consumer goods (FMCG) brands, Campa and Independence, in FY25 as part of its aggressive push into the consumer goods sector, the conglomerate said in its third quarter results statement on January 16.
The consumer brands business reported revenue of Rs 8,000 crore in the first nine months of FY25, the company said in a post-earnings call.
"The consumer brands business is scaling up exponentially… we are starting to invest in marketing to accelerate the presence of this consumer brands business," chief financial officer Dinesh Taluja said during the call.
"Campa & Independence brands continued to gain traction across markets. Campa has more than 10 percent market share in sparkling beverage category in select states," the company said.
Also read: RIL Q3 FY25: Consumer businesses drive performance, support outlook
Reliance started its journey in the FMCG space with its first acquisition — the defunct Campa Cola brand in 2022 from Delhi-based Pure Drinks Ltd.
The brand, in the 1970s and 80s, held a major share of India market but was outcompeted by foreign players Pepsi and Coca-Cola in the 1990s.
Its business to consumer (B2C) grocery sales grew by 37 percent year-on-year, helped by rapid expansion, the company added.
The company's wider FMCG portfolio includes confectionary range from Lotus Chocolates, Sri Lanka’s leading biscuit brand Maliban and daily essentials under its brands including Independence and Good Life.
The Independence brand offers consumer goods such as snacks, beverages, soaps and skincare items. The company aims to leverage its massive retail network and supply-chain capabilities to push Independence into the mainstream consumer market, tapping into India's growing demand for affordable and quality FMCG products.
Reliance Retail, the retail arm of diversified conglomerate, on January 16 reported a 10 percent year-on-year (YoY) increase in net profit at Rs 3,458 crore in the December quarter. Its gross revenue came in at Rs 90,333 crore, up 8.8 percent from the corresponding quarter of the previous year.
At 10.38 am, the Reliance Industries share was trading at Rs 1,292.30 on the National Stock Exchange, up2.04 percent from the previous close.
(Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
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