Reliance Consumer Brands has also become the fastest-growing FMCG company in the country, as per the fourth quarter data.
Mukesh Ambani, India’s richest man, has achieved yet another milestone as Reliance Industries’ FMCG arm has surged to become the eighth-largest in India within just two years. The fast-moving consumer goods (FMCG) company, Reliance Consumer, of the Indian billionaire has overtaken big players such as Marico and Tata Consumer Products’ India operations, ET reported. Reliance Consumer Brands has also become the fastest-growing FMCG company in the country, as per the fourth quarter data. This expansion led to year-on-year sales growing by 3.5x during the quarter. In the second year of operations (FY 25), Reliance Consumer saw overall sales of Rs 11,450 crore.
The Ambani-led company’s brands include Campa, Spinners, Velvette and more. Its beverage brand Campa also gained double-digit market share in key markets. The conglomerate’s FMCG division comes under Reliance Retail, which is headed by Mukesh Ambani’s daughter Isha Ambani. The company is now targeting a reach of five to six million stores in the next three years.
Currently, Reliance Industries has a market cap of Rs 18.95 lakh crore. Shares of the firm closed at Rs 1,398.90 on Tuesday with a 2.20
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