Mukesh Ambani's 'Independence': All you need to know
Reliance Consumer Products, the FMCG arm of Reliance Retail, on Thursday announced the launch of its made-for-India consumer packaged goods brand 'Independence' in Gujarat
RIL's FMCG foray
The company will be selling products ranging from staples to processed foods and other daily essentials
What 'Independence' will sell
Reliance plans to develop Gujarat as a 'go-to-market' state to execute its FMCG business and will be rolling out the brand nationally soon
Expansion of 'Independence'
RIL Chairman announced entry into FMCG market at 45th AGM in August, directly competing with the likes of Unilever and ITC
What Mukesh Ambani said
RIL is in talks to acquire brands such as Garden Namkeens from CavinKare, besides other brands like Lahori Zeera and Bindu Beverages, say reports. It purchased soft drink brand Campa for Rs 22 cr
RIL's FMCG acquisitions
Reliance Retail Ventures reported a consolidated turnover of Rs 1.99 lakh crore and net profit of Rs 7,055 crore for the year ended March 31, 2022
About Reliance Retail Ventures
Reliance is now directly in competition with country’s leading consumer goods players like ITC, Tata Group and Britannia
FMCG battle intensifies
Mukesh Ambani’s Reliance has ventured into the space where Adani’s consumer facing entity Adani Wilmar is aggressively betting on
Ambani-Adani clash
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