Reliance Industries To Consolidate Consumer Goods Brands, Prepares New Subsidiary For Retail IPO Launch

Mumbai: Mukesh Ambani’s Reliance Industries is setting the stage for a major move—an IPO for its retail business—and it’s making sure everything is neatly in place before the big reveal. One of the key steps? Pulling all its consumer goods brands under one roof.

Instead of having its fast-moving consumer goods (FMCG) business scattered across multiple arms like Reliance Retail Ltd, Reliance Retail Ventures Ltd, and Reliance Consumer Products Ltd, the company now plans to consolidate everything into a new entity: New Reliance Consumer Products Ltd (New RCPL).

Think of it as putting all the pieces of a puzzle into one clear, complete picture. This new structure isn’t just about better organization—it’s also a smart move to appeal to potential investors. Reliance told the National Company Law Tribunal (NCLT) that the FMCG segment is a large, high-potential business on its own and needs dedicated focus, expertise, and capital. Having a separate unit for this makes it easier to bring in investors who specifically want to back a consumer goods play.

The new unit, New RCPL, will handle everything from making and selling to marketing Reliance’s wide range of consumer products—clothes, food items, beverages, personal care, and more. It’ll also look at investing in joint ventures and partnerships in the FMCG space.

Importantly, it will be a wholly-owned subsidiary of Reliance Industries, giving the parent company tighter control and clearer accountability. RIL currently owns more than 83 percent of Reliance Retail Ventures, while the rest is held by other investors.

Reliance Retail has been on a growth spree. In the last quarter of FY25 (January–March), the company posted a massive 29.1 percent jump in net profit, hitting Rs 3,545 crore. That growth came on the back of festive spending, big sales, and wedding season shopping.

Their gross revenue also saw a healthy bump—up 15.7 percent to Rs 88,620 crore, with net revenue rising 16.3 percent to Rs 78,622 crore. These numbers show strong momentum—just the kind of performance you want to show off ahead of a public listing.

In short, Reliance isn’t just eyeing a retail IPO—it’s laying down solid groundwork to make sure it’s a blockbuster.

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