Reliance Consumer Products quadruples authorised capital to ₹40,000 crore as FMCG business scales up

Kolkata: Reliance Industries has quadrupled the authorised share capital of its rapidly expanding fast-moving consumer goods (FMCG) arm, Reliance Consumer Products (RCPL), to ₹40,000 crore, potentially giving it greater headroom for capital infusion, as well as increased its borrowing and investment limits, as it scales up the business, according to the latest regulatory filings with the Registrar of Companies.

RCPL, which sells Campa Cola and the Independence range of staples, said the authorised share capital increase would facilitate the issuance of capital in view of the expanding scale of its FMCG operations.

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It has also tripled its borrowing limit to ₹27,000 crore from ₹9,000 crore to meet the "increased fund requirement for the business". The limit for making investments in, or providing loans to, other companies has been doubled to ₹4,000 crore, according to the filings accessed through business intelligence platform Tofler.

Reliance Industries has also extended the tenure of three executive directors-T Krishnakumar (66), Ketan Mody (49) and Asim Parekh (61)-by five years to 2030. The RCPL board approved the resolutions in July and August, the filings showed. Queries emailed to Reliance Industries remained unanswered until press time.

RCPL had last December raised its authorised share capital to ₹10,000 crore as part of a restructuring of the parent group's FMCG business, following which the FMCG business became a direct subsidiary of Reliance Industries instead of being a subsidiary of Reliance Retail Ventures (RRVL).

The restructuring involved the transfer of FMCG brands from Reliance Retail to RRVL through a slump sale.

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The then RCPL was then amalgamated with RRVL, following which the consolidated "consumer brands business undertaking" was demerged from RRVL into a new entity, Tira Beauty Ltd, which was subsequently rebranded as RCPL again.

In its latest filings, RCPL said its "business outlook for FY 2026-27 and coming years is positive with both value and volume expected to grow".

RCPL reported total income of ₹7,042 crore and a net loss of ₹125 crore for the period December 2025 to March 2026, according to the filings.