Key Points
Reliance Retail Ventures injected 792 crore into its fast moving consumer goods (FMCG) business, Reliance Consumer Products (RCPL), in 2023-24 through debentures, regulatory filings show...
This funding was completed last fiscal in 11 phases, RCPL's filings with the Registrar of Companies (RoC) show..
A senior industry executive, aware of the plans, said the funding from the parent into RCPL will continue in this fiscal as well, since Reliance has plans to rapidly grow the FMCG business, expanding distribution into kiranas, setting up bottling plants for beverages and food products, and continue to seek low-ticket value acquisitions...
"Reliance wants to set up production hubs in each geography for faster expansion which requires capital," he said.. Reliance Retail chief financial officer Dinesh Taluja had told analysts during an earnings call in April that the group will build "localised supply chain in different parts of the country" for its brands like Campa in beverages and Independence in staples to scale them up..
We had a 3x year-on-year growth in general trade channel, in addition to selling through the network of our stores and our B2B network," he said.. Mohit Yadav, founder at AltInfo, said RCPL has acquired stake in well-known brands like Alan's Bugles, Sosyo, Campa and Maliban Biscuits..
