Latest news with #RelianceConsumerProducts
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Business Standard
01-06-2025
- Business
- Business Standard
Reliance Consumer develops a sweet tooth chasing bittersweet growth
Though present in biscuits and namkeens, its immediate priority is grabbing a share of the Indian consumer's pocket change - via candies, chocolates, and toffees Sharleen Dsouza Mumbai Listen to This Article Reliance Consumer Products is in a sweet spot – and it intends to stay there. Launched barely three years ago, the company has already entered the list of India's top 10 fast-moving consumer goods (FMCG) players by revenue in the 2024-25 financial year (FY25). After making headlines by acquiring Campa Cola in 2022 — and taking the brand overseas in under two years — Reliance Consumer Products quickly expanded into food and non-food categories under the 'Independence' brand. Now, it has trained its sights on a new frontier: Confectionery. This marks the company's third major focus area after gaining traction
India.com
05-05-2025
- Business
- India.com
Mukesh Ambani, Isha Ambani to spin off this division from Reliance Retail, it will become separate…
Reliance Consumer Products is the fast-moving consumer goods (FMCG) arm of Reliance Retail which has achieved growth in a short span of time. The company is now considering spinning it off into a separate entity, according to The Hindu Business Line report. It was launched in 2022 when Reliance Consumer Products was a big player in the FMCG sector. In its FY25 Q4 results, the company reported revenues of Rs 11,500 crore more than its other competitors. Over 60% of these revenues were generated by general trade and major contributions were from its in-house brands. Considering the possibility of rapid growth and strong performance, Reliance Group may spin off the business, according to media reports. Reliance Retail Q4 Results In the March quarter, Reliance Retail saw over 2.4 times growth in terms of the number of orders, which is a significant scale-up, said its CFO Dinesh Taluja during the earnings call earlier this week. 'And we are seeing very strong traction with a 2.4x quarter-over-quarter growth in daily exit orders. And this number will scale up substantially in the coming year as well. We are also starting to proactively market this proposition, our proposition of no hidden charges, quick delivery, and no delivery fees continues to resonate very well with the customers,' said Taluja. Reliance covers hyper-local deliveries, a sub-30-minute delivery, at 4,000 pin codes across the country through its network of existing stores, which has a much wider reach than any other quick commerce player in the country. Through its JioMart app, Reliance Retail is offering quick and scheduled deliveries, which currently has three types of services. There is an under-30-minute quick service, and second is a scheduled delivery, where the assortment is much wider, and then there is a subscription service, where a customer can subscribe and everyday goods are delivered at doorsteps early morning. 'All three are picking up very well. The average daily orders were up 62 per cent on a Y-o-Y basis,' he said, adding, 'Specifically, our under 30-minute offering, which has the widest network reach. We have almost 2,000-plus stores which are on the network, covering more than 4,000 plus pin codes. So this is much wider reach than any other quick commerce player. We have kind of re-pivoted our model completely to under 30 minutes delivery. 'There are some dark pockets where we will set up dark stores also, wherever there is a genuine requirement, there is enough volume and we cannot service it within 30 minutes, we may set up some dark stores as well. So that is on the quick commerce side of it. 'Our stores, purely on a standalone basis, are seeing double-digit like for like growth for last several quarters. So stores are also growing pretty rapidly. We are not seeing that impact either in metro or in any other city,' he said. Similarly, for its online fashion business Ajio, Reliance Retail has launched same-day and next-day delivery across 26 cities. 'So, we are increasing the speed at which we are able to deliver the products,' he said. (With Inputs From PTI)
Gulf Insider
28-04-2025
- Business
- Gulf Insider
After UAE, India's 'Campa Cola' Makes An Entry Into Oman With Reliance
After the UAE, it's Oman for Campa Cola, India's legacy fizzy drink. The entry into Oman's F&B market also represents a first for Reliance Consumer Products, which bought the Campa Cola brand in 2022. With Indian expats in the Gulf – and of a certain age – Campa Cola remains along with the other Indian cola brand 'Thums Up' the beverages they had grown up with. (It was in the 1990s that Pepsi and Coca-Cola re-entered the Indian market.) Campa Cola has since the Reliance deal managed to build a following among a newer – and younger – consumer. 'Campa isn't just a drink; it's a revival of a legacy, a taste of India, and a celebration of the spirit of today's youth,' said Ketan Mody, COO of Reliance Consumer Products. 'We are excited to enter the Oman market with Campa, a heritage Indian brand founded more than 50 years ago. 'We are investing for the long-term and see great potential for accelerated growth in the region. We have a track record of delivering innovative and global quality products at affordable prices to customers.' The Campa portfolio will initially include Campa Cola, Campa Lemon and Campa Orange.
Business Standard
22-04-2025
- Business
- Business Standard
Lotus Chocolate hits the floor after Q4 PAT slumps 65% YoY
Lotus Chocolate Company was locked in lower circuit of 5% at Rs 1,103.90 after the company's standalone net profit tumbled 64.5% to Rs 1.42 crore in Q4 FY25 as against Rs 4 crore posted in Q4 FY24. However, revenue from operations surged 139.21% year-on-year (YoY) to Rs 157.45 crore in the quarter ended 31 March 2025. On a quarter-on-quarter (QoQ) basis, the companys net profit fell by 61.82%, decreasing from Rs 3.72 crore in Q3 FY25. Revenue from operations rose 7.33% QoQ, rising from Rs 146.69 crore reported in Q3 FY25. Profit before tax was at Rs 1.93 crore during the quarter, down 47.69% QoQ and up 29.53% YoY. Total expenses stood at Rs 155.60 crore in the fourth quarter of FY25 (up 8.47% QoQ and up 141.09% YoY). Cost of material consumed stood at Rs 131.25 crore (down 24.27% QoQ and up 152.64% YoY) and employee benefit expenses were at Rs 5.64 crore (up 20.77% QoQ and up 124.70% YoY) during the period under review. On a full-year basis, the companys standalone net profit soared 240.51% to Rs 17.23 crore on a 186.83% jump in revenue to Rs 573.75 crore in FY25 over FY24. Lotus Chocolate Company manufactures the finest chocolates, cocoa products, and cocoa derivatives. Its products are supplied to chocolate makers and chocolate users across the world, from local bakeries to multinational companies. It is owned by Reliance Consumer Products (RCPL), which is the FMCG arm and a wholly owned subsidiary of Reliance Retail Ventures (RRVL), which is a subsidiary of Reliance Industries (RIL).
