Reliance Retail to transfer most of its FMCG brands to RCPL to scale up the business
Reliance Retail will transfer most of the fast-moving consumer goods (FMCG) brands it owns such as Campa and some of the popular private labels to the recently set up FMCG entity Reliance Consumer Products Ltd (RCPL) to rapidly scale up the business with a dedicated focus, said two industry executives.
The list includes private brands such as Snactac, Puric, Glimmer, Enzo and Get Real. RCPL has also decided to set up four-five exclusive bottling plants for Campa, for which it will buy the bottling equipment and give it on lease to the partner who will own and run the operations. It is currently in talks to freeze these deals, according to the executives.
The plans to scale up Campa bottling and transfer of FMCG brands comes on the back of Reliance Retail Ventures preparing for a capital infusion of up to Rs 3,900 crore into RCPL through a mix of equity and debt, as ET reported recently. RCPL recently took board approval for this.
When completed, it would be Reliance Retail’s highest capital infusion into the FMCG entity since its inception in November 2022.
Reliance Retail Ventures, a wholly-owned subsidiary of Reliance Industries, is the holding company for all the retail businesses of the conglomerate including RCPL.
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