Latest news with #RelianceConsumerProducts
India.com
5 days ago
- Business
- India.com
Good news for Noel Tata, this company earns Rs 3310000000 in…, to compete with Mukesh Ambani, Isha Ambani's…
Tata Consumer Products Ltd (TCPL), the FMCG arm of the Tata Group, reported a 14.7% rise in consolidated net profit to Rs 331.75 crore for the June quarter, driven by strong performance in its India business. In the same quarter last year, the company had posted a net profit of ₹289.25 crore, according to its regulatory filing. Revenue from operations grew 9.8% year-on-year to Rs 4,778.91 crore, up from Rs 4,352.07 crore in the corresponding period last year. TCPL Q1 Results The growth was led by India business, which was up 11 per cent. Core businesses of tea and salt had a very good quarter, supported by underlying volume gains, TCPL Group Chief Financial Officer Ashish Goenka told PTI in a post-results interaction. In the June quarter, TCPL's overall branded business was up 10.6 per cent to Rs 4,270.9 crore. It was at Rs 3,861.51 crore in the corresponding quarter last fiscal year. TCPL's branded businesses include tea, coffee, water and other various value-added businesses. Its revenue from the branded business in India was up 11 per cent to Rs 3,125.7 crore in the June quarter. 'However, for us, RTD (ready-to-drink) got impacted by unseasonal rain, which has to be seen from the other beverages as well. Apart from higher competitive intensity in that category, the good news there is that we still had a volume growth of 3 per cent,' he said. TCPL's water business had a volume growth of 13 per cent. TCPL International Business Revenue TCPL's international branded business was up 9.44 per cent to Rs 1,145.20 crore. 'On the international side, business continues to grow in line with our expectations. The overall growth on an underlying basis was 5 per cent and within that, the US is coming back on growth,' said Goenka. Besides, TCPL's revenue from non-branded business was at Rs 535.76 crore, up 7.02 per cent during the quarter. This segment includes TCPL's plantation and extraction business of tea and coffee. Total expenses of TCPL in the June quarter were at Rs 4,354.66 crore, up 10.9 per cent. Tata Consumer's total income, which includes other income, was at Rs 4,820.08 crore, up 9.76 per cent. Tata Consumer Products and Reliance Consumer Products are direct competitors in the Indian FMCG market. Reliance Consumer Products has been rapidly expanding and has reached a scale comparable to Tata Consumer Products. But now growth of TCPL can create a challenge in front of Mukesh Ambani, Isha Ambani led Reliance Consumer Products. (With Inputs From PTI)
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Business Standard
20-07-2025
- Business
- Business Standard
Reliance Consumer Products on strong growth trajectory: Reliance Retail CFO
Reliance Consumer Products is rapidly expanding its capabilities and aims to become one of India's largest FMCG companies by 2030, with significant growth in revenue and market share Sharleen Dsouza Mumbai Listen to This Article Reliance Consumer Products is on a strong accelerated growth trajectory and is rapidly expanding its supply chain and manufacturing capabilities across the country, Dinesh Taluja, chief financial officer, Reliance Retail, said. The fast-moving consumer goods (FMCG) arm is also in the process of being demerged from the company's retail network. 'Our FMCG business is on a very accelerated growth trajectory with revenue nearly doubling year-on-year. While we benefit from Reliance's retail network, we've also built a substantial independent distribution system. Following a high-decibel IPL campaign, Campa now enjoys high recall and double-digit market share in key markets. We're rapidly expanding
Business Standard
17-07-2025
- Business
- Business Standard
Lotus Chocolate hits the floor after Q1 PAT slumps 56% YoY to Rs 3 cr
Lotus Chocolate Company was locked in lower circuit of 5% at Rs 1,343.20 after the company's standalone net profit tumbled 56.49% to Rs 2.98 crore in Q1 FY26 as against Rs 6.85 crore posted in Q1 FY25. However, revenue from operations rose 12.31% to Rs 158.70 crore in the first quarter of FY26 from Rs 141.30 crore recorded in Q1 FY25. During the quarter, profit before tax (PBT) was at Rs 3.97 crore in Q1 FY26, down 61.82% as against with Rs 10.40 crore posted in Q1 FY25. Total expenses jumped 20.85% to Rs 158.34 crore in Q1 FY26 as compared with Rs 131.02 crore in Q1 FY25. The cost of material consumed stood at Rs 157.78 crore (up 35.71%), employee benefit expenses were at Rs 6.52 crore (up 88.98%) and finance cost was at Rs 4.07 crore (up 567.21% YoY) during the period under review. Meanwhile, the board of directors of the company has approved the appointment of Natarajan Mayuram Venkataraman as an additional director and whole-time director, effective 16 July 2025. His term as whole-time director will be for a period of five years, subject to the approval of the members. 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).
Business Standard
19-06-2025
- Business
- Business Standard
Reliance to invest up to ₹8,000 crore to expand beverage business
Fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures, Reliance Consumer Products Ltd (RCPL), is set to invest between ₹6,000-₹8,000 crore over the next 12-15 months to expand its beverage manufacturing capacity, according to a report by The Economic Times. The investment, which would be Reliance's most significant capital outlay in the consumer products space to date, will reportedly fund the addition of nearly 10 to 12 new manufacturing facilities across India. This will include greenfield plants and co-packing facilities operated with partners. This marks Reliance' largest investment in the consumer products sector to date, and is intended to boost competitiveness against Coca-Cola, PepsiCo, and regional brands. According to the report, a major portion of the new investment will go into joint ventures. A plant was opened earlier this year in Guwahati with Jericho Foods and Beverages LLP, and another is reportedly under construction in Bihar. Reliance Consumer Products was launched in 2022 as a wholly owned subsidiary of Reliance Retail. Its portfolio spans a growing number of popular beverages under brands like Campa Cola, Sosyo, Spinner, RasKik, and Independence, as well as packaged foods and personal care products under labels such as Sil, Lotus Chocolate, and Ravalgaon. The company currently manufactures beverages across 18 plants, all of which are run through joint investments. Spinner, a ₹10 sports drink brand launched with former Sri Lankan cricketer Muttiah Muralitharan, is among the newer offerings aimed at undercutting established players like Gatorade and Sting. Reliance Consumer Products targets the lower end of the consumer market with a pricing strategy that undercuts rivals by 20 to 40 per cent. The company aims for full national availability by March 2027, with beverages reaching 70 per cent coverage by March 2026. Reliance Consumer Products reported ₹11,500 crore in revenue in 2024-25, with Campa and Independence each crossing ₹1,000 crore in sales, despite summer sales being impacted by early monsoon rains.
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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
