Reliance Eyes ₹1 Lakh Cr. FMCG Business Through RCPL by 2030

Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods business of Reliance Industries is targeting revenue of ₹1 lakh crore (around USD 10.5 billion) within the next four years as it accelerates efforts to establish itself among India’s leading FMCG companies, according to Reliance Retail Director Isha Ambani.

Addressing shareholders of RIL in its AGM, Ambani said RCPL is the "fastest-growing FMCG platform in India's history", which achieved gross revenue of Rs 22,000 crore (USD 2.3 billion), growing 2x year-on-year.

"What took our peers decades, we achieved in just four years. It made us one of the fastest-growing FMCG platforms in India's history and one of the fastest-growing consumer product companies anywhere in the world," said Ambani.

The company is steadily expanding its consumer goods portfolio across multiple categories, including beverages, staples and daily essentials, packaged foods and home and personal care products.

"RCPL's near-term ambition is to reach Rs 1 lakh crore (USD 10.5 billion) in revenue by FY30. Our long-term ambition is to become one of India's largest FMCG companies with a global platform to match," she said.

RCPL, which was demerged from RRVL (Reliance Retail Ventures Ltd) in December 2025, the apex holding company for all retail businesses is now a direct subsidiary of Reliance Industries.

"With singular focus on its own markets, its own consumers and its own ambitions, the results have been exactly what we envisioned," she said. According to her, RCPL products are now available in more than 40 countries through exports and franchise sales.

"Three years ago, we took a leap of faith that India could produce FMCG brands of global quality, at Indian prices and scale them faster than anyone thought possible. Reliance Consumer Products Limited has done just that building a national FMCG powerhouse from the ground up and doubling its revenue in a single year," she said.

Isha Ambani also mentioned that, like other FMCG entities, RCPL faces geopolitical challenges that increase raw material and packaging costs and disrupt global supply chains. However, RCPL absorbed the impact without passing on the burden to consumers, she said.

"We absorbed these shocks entirely within the business. Staying true to our consumer-first approach, we ensured our products remained accessible and affordable for every Indian household," she said.

RCPL’s beverage brand Campa recorded gross sales of over ₹4,700 crore in FY26, emerging as India’s fourth-largest carbonated soft drink brand and securing a double-digit market share across several key markets. In the packaged drinking water segment, the company has also rapidly expanded its presence with its water business positioning RCPL as the country’s third-largest branded water player.

RCPL's grocery brand Independence, under which it sells "daily essentials generated revenue of Rs 2,600 crore during the year and has become one of the country's most-trusted consumer brands", she added. The company's beverages business grew 3.2 times year-on-year in FY26, while daily essentials expanded 1.6 times and the home and personal care portfolio grew 1.3 times.

Ambani said Reliance Retail and RCPL together form an integrated platform spanning manufacturing, distribution, brands, commerce and consumer engagement. "Our ambition for the next decade is not simply to be the world's largest retailer," she said, highlighting the group's focus on building large-scale consumer and manufacturing businesses in the country.