Mumbai, Dec 20 (UNI) The Mukesh Ambani-led Reliance has increased the authorised share capital in Reliance Consumer Products Ltd (RCPL) to Rs 10,000 crore, according to a regulatory filing by the fast moving consumer goods (FMCG) company to the Registrar of Companies (RoC).
The increase in share capital of RCPL was executed through a mix of six billion equity shares of Rs 10 each, and four billion preference shares of Rs 10 each, as per the filing.
Significantly, the came after a recent restructuring of RCPL’s FMCG business, making it a direct subsidiary of Reliance Industries Ltd (RIL), with effect from December 1. Earlier, RCPL used to be a direct unit of RIL’s retail business holding company called Reliance Retail Ventures (RRVL).
The existing FMCG entity RCPL was amalgamated with RRVL and the consolidated “consumer brands business undertaking” was demerged from RRVL into the new RCPL.
RCPL stated, in its RoC filing, that the authorised share capital has been increased to accommodate the proposed allotment of new equity shares by the company to RRVL shareholders and for future funding requirements.
Incidentally, RCPL mirrors the equity structure of RRVL-83.56% owned by RIL and the rest by nine global marquee investors such as Silver Lake, KKR, and Mubadala.
Before the restructuring, RCPL’s authorised share capital was Rs 100 crore, as per an RoC filing, with all FMCG brand acquisitions and investments undertaken by RRVL.
Reliance is out to grow the FMCG business and challenge established behemoths like Hindustan Unilever, Coca Cola and ITC.
According to analysts, Reliance has unlocked value by transforming a company with a Rs 10,000 crore authorised capital as the new RCPL to house its demerged consumer brands separate from retail store operations. The move isolates high-margin FMCG assets from working capital intensive retail, potentially enabling a standalone listing for the consumer vertical.
As per RCPL’s balance sheet, the company clocked Rs 1,301 crore revenue from operations in FY25, with a net profit of Rs 9 crore. However, RIL has declared that the FMCG business clocked sales of Rs 11,450 crore during the fiscal, its second year of operation. Most of the revenue was recognised in the retail business books since it owned most of the brands including Campa at the time.
RCPL has recently acquired a majority stake in food and staples company, Udhaiyam’s Agro Foods, besides reintroducing sauce and legacy jam brand called SIL. In its October earnings call, the company had stated that its FMCG business has grown two-fold in the first half of FY26, clocking Rs 5,400 crore in July-September sales.
Reliance is also setting up multiple factories and food parks for its FMCG business. Recently, Reliance signed a deal with the government to build several facilities with a total outlay of Rs 40,000 crore.
Reliance hikes RCPL share capital to Rs 10,000 cr to expand FMCG venture
