Reliance Industries Ltd (RIL) is preparing for its next phase of growth by building advanced manufacturing and export platforms aimed at strengthening consumer products ecosystem and expanding global footprint, said Chairman and MD Mukesh Ambani on Friday addressing the shareholders at 49th AGM.
Reliance Retail Director Isha Ambani said the company expects its newly demerged FMCG arm Reliance Consumer Product Ltd (RCPL), to touch revenue of Rs 1 lakh crore in next four years, by 2030.
“RCPL’s near-term ambition is to reach Rs 1 lakh crore (USD 10.5 billion) in revenue by FY30. Our long-term ambition is to become one of India’s largest FMCG companies, with a global platform to match,” she said.
“Rs 10,000 crore is invested to date, with beverage production now spanning 12 states through high-speed bottling lines in multiple greenfield plants. We are building food parks across India — modern, integrated facilities with multi-category production lines spanning biscuits, chocolates, staples, and packaged foods, designed to drive scale efficiencies through cross-category integration,” Ambani said.
She said the company’s distribution reach is now across over 3 million outlets and includes over 5,000 distributors in the three years since starting the business.
Mukesh Ambani, chairman and managing director at RIL said at the AGM that both Reliance Retail and Reliance Consumer Products are building a manufacturing platform extending from beverages and daily essentials to one of the most unorganised categories — fresh fruits and vegetables.
He added, “This category is in urgent need of waste reduction, hygiene promotion, and higher safety standards. We will modernise by bringing our sourcing, cold-chain, and distribution strength to fresh produce.”
Its brand Campa crossed ₹4,700 crore in sales in FY26 and became the fourth largest carbonated soft-drinks brand, with a double-digit market share in key markets. Independence, its daily essentials brand, also saw sales touch ₹2,600 crore.
“We are expanding into the Northeast, West Bengal, Bihar, and other geographies,” Ambani said.
In Reliance Retail, she said quick commerce (qcom) is fast becoming a daily habit for millions of Indian households, and the company is also expanding this channel.
She added that JioMart has become one of India’s largest qcom networks, with over 3,100 stores, serving more than 1,200 cities across 5,100 pin codes. Its average daily orders are growing 3.6 times year-on-year (Y-o-Y).
On the grocery business, she said its Smart Bazaar network has crossed 1,000 stores, calling it one of the fastest largescale retail rollouts in the world.
“A large part of this network now serves Tier-II and below markets. In many of these towns, Smart Bazaar is the first organised modern retailer — transforming access for millions and creating livelihoods that did not previously exist,” she said.
He further said that the company is also building a future-ready garment manufacturing ecosystem that will deliver quality garments at a competitive cost.
“We have created supplier partnerships in 21 pan-Indian clusters, where these garments will be manufactured. We will also do the same for affordable electronics — from smart eyewear to televisions, smartphones, and connected wearables — with a continued focus on superior customer service,” he said.
He added that its exports platform is a logical extension of its manufacturing platform in retail.
“The rapid growth in our consumer brands business in India has given us the confidence to build strong and scalable global fast-moving consumer goods (FMCG) business. Our export journey reflects the growing strength of our brands, our competitive product portfolio and our ability to serve diverse consumer needs across global markets,” he said.
