Reliance Consumer Products strengthens health food portfolio with ₹156 cr acquisition of Manna

Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited (RIL) , has announced the 100% acquisition of Tamil Nadu-based Southern Health Foods Private Limited (SHFPL). The deal, valued at an aggregate cash consideration of ₹156.42 crore, was finalised on February 10, 2026, making SHFPL a wholly-owned subsidiary of RCPL effective from February 9, 2026.

Millet and health-focus vertical

Southern Health Foods is the parent company of the well-known Manna brand, which has been a staple in the healthy foods market for over two decades. Manna specialises in several high-growth, nutrition-focused categories, including:

• Millet-based staples and health mixes.

• Multigrain products, breakfast cereals, and oats.

• Baby food and nutrition drinks (such as iStrong for women and Go Grains for kids).

• Emerging categories like millet flour and multigrain drink mixes.

The acquisition strengthens RCPL's existing foods and staples portfolio, which already features brands like Udhaiyam, Independence, and SiL. By integrating Manna, Reliance is building a dedicated business vertical in the rapidly expanding millet-based foods segment.

From regional leader to national player

T Krishnakumar, director of RCPL, said that Manna is one of the most trusted names in the South Indian health market. "Apart from adding muscle to RCPL's packaged foods portfolio, Manna's addition will help us serve consumers the best nutritious foods," he stated.

RCPL plans to leverage its vast national distribution network, cutting-edge R&D, and robust supply chain to take Manna beyond its regional stronghold in Tamil Nadu and neighbouring states. The long-term vision, according to Reliance, is to transform Manna into a household name across India, aligning with Reliance’s core philosophy of providing "global quality at affordable prices".

The acquisition comes as SHFPL reported a steady, though slightly fluctuating, turnover over the last three fiscal years:

• FY 2024-25: ₹109.40 crore

• FY 2023-24: ₹127.37 crore

• FY 2022-23: ₹126.65 crore

This deal is part of a broader expansion by RCPL into the FMCG space. Just days prior, the company acquired a majority stake in Australia’s Goodness Group Global, a "better-for-you" beverage business, indicating Reliance’s intent to become a global FMCG player. In India, the health and wellness food market is projected to reach over $139 billion by 2032, driven by consumer shift toward functional and nutrition-led diets.