RCPL targets ₹1 lakh crore revenue by FY30; Reliance to invest ₹30,000 crore in food parks, manufacturing

Reliance Consumer Products Ltd (RCPL) has set an ambitious target of reaching ₹1 lakh crore in revenue by FY30 and plans to invest ₹30,000 crore over the next three years to build food parks and expand manufacturing capacity, as Reliance Industries sharpens its focus on building a scaled consumer goods business.

Speaking at Reliance Industries' annual general meeting on Friday, executive director Isha Ambani said RCPL doubled its revenue in FY26 to ₹22,000 crore, making it one of the fastest-growing consumer products businesses in the country.

"RCPL achieved gross revenue of ₹22,000 crore, growing twice year on year," Isha Ambani said. "What took others years, even decades, we achieved in just four years."

She added that the company's near-term ambition is to reach ₹1 lakh crore in revenue by FY30 and eventually become one of India's largest FMCG companies with a global platform.

₹30,000-crore manufacturing push

Outlining the next phase of growth, Isha Ambani said Reliance is building integrated food parks and expanding manufacturing infrastructure across categories.

"Over the next three years, a further ₹30,000 crore of investments will build one of Asia's largest networks of integrated food parks," she said.

The facilities will house multi-category production lines spanning biscuits, chocolates, staples and packaged foods, while leveraging AI-enabled robotics and automation to drive efficiency and scale.

Reliance chairman Mukesh Ambani said the company is creating an advanced manufacturing platform across beverages, daily essentials, fresh produce, garments and consumer electronics.

"Between Reliance Retail and RCPL, we will add two powerful growth-boosting platforms," he said. "First, an advanced manufacturing platform."

Ambani said Reliance plans to modernise the highly fragmented fruits and vegetables segment by bringing organised sourcing, grading and distribution capabilities to the category.

"This will give farmers fairer returns, shopkeepers dependable supply, and every family fresher fruit at fairer prices," he said.

Retail business crosses ₹3.7 lakh crore revenue

Reliance Retail continued to deliver strong growth during FY26, with gross revenue rising 11.8% year-on-year to ₹3.70 lakh crore.

EBITDA increased 7.9% to ₹27,033 crore, while profit after tax grew 12% to ₹13,838 crore.

The retailer's customer base expanded 11% to 387 million, while annual transactions surged 39% to 1.93 billion.

Isha Ambani said the company now operates 20,160 stores spanning 78 million square feet.

The Smart Bazaar grocery network crossed 1,000 stores during the year, with a major portion of the expansion taking place in Tier-II and smaller markets.

In fresh produce, Reliance procured about 5.7 lakh metric tonnes of fruits and vegetables through partnerships with more than 40,000 farmers across 110 collection centres.

Quick commerce and consumer brands gain scale

Reliance's quick commerce ambitions also gathered pace during FY26.

According to Isha Ambani, JioMart's quick commerce network now operates through more than 3,100 stores across 1,200 cities and over 5,100 pin codes.

Average daily orders increased 3.6 times year-on-year, while repeat orders grew more than six-fold.

RCPL's flagship brands continued to scale rapidly. Campa recorded gross sales of more than ₹4,700 crore during FY26 and has emerged as India's fourth-largest carbonated soft drinks brand, according to the company. Independence, the company's daily essentials brand, generated ₹2,600 crore in revenue.

Today, RCPL products are available in more than 40 countries through exports and franchise sales.

"The Indian consumer is evolving. We are not just keeping pace, we are anticipating what comes next," Isha Ambani said.