Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries, reported gross revenue of ₹8,266 crore in the September quarter of FY27, an increase of approximately 60% year-on-year. Growth was supported by its Campa beverages business and Independence daily essentials portfolio, alongside expansion in packaged foods and home and personal care products.
The company’s momentum continued in the first half of FY27, when gross revenue reached ₹16,900 crore, approximately 1.8 times the year-earlier level. Campa generated more than ₹5,250 crore in first-half sales, while daily essentials contributed around ₹7,000 crore. Reliance is also expanding manufacturing capacity and taking its consumer brands into international markets.
Key Takeaways
- RCPL’s Q2 FY27 gross revenue increased approximately 60% to ₹8,266 crore.
- First-half gross revenue reached ₹16,900 crore, growing 1.8 times year-on-year.
- Campa-led beverages generated more than ₹5,250 crore in H1 FY27 sales.
- The beverages business grew 2.1 times year-on-year.
- Independence-led daily essentials generated approximately ₹7,000 crore in first-half sales.
- RCPL achieved around 80% of its previous full-year revenue in just six months.
- The company has initiated six integrated greenfield food and beverage manufacturing projects.
- Campa is expanding internationally, including through Australian supermarket chains Coles and Woolworths.
RCPL Q2 FY27 Results: Revenue Reaches ₹8,266 Crore
Reliance Consumer Products reported gross revenue of ₹8,266 crore for the quarter ended September 30, 2026, representing approximately 1.6 times its revenue in the corresponding quarter last year.
The performance reflects the company’s expanding presence across beverages, packaged foods, daily essentials and home and personal care products.
RCPL became a direct subsidiary of Reliance Industries following its demerger from Reliance Retail, effective December 1, 2025. This restructuring gave the consumer products business a more independent platform for expanding its brands and distribution network.
RCPL’s quarterly and half-year performance
| Financial metric | Q2 FY27 | H1 FY27 |
|---|---|---|
| Gross revenue | ₹8,266 crore | ₹16,900 crore |
| Year-on-year growth | Approximately 60% | 1.8 times |
| Revenue achieved compared with FY26 full-year sales | — | Approximately 80% |
The first-half performance is particularly notable. RCPL generated nearly 80% of its entire FY26 revenue within the first six months of FY27.
However, the company has not separately disclosed detailed quarterly net profit and EBITDA figures in its earnings presentation. Revenue growth should therefore not be interpreted as equivalent growth in profitability.
Campa Becomes a Major Growth Engine
Campa has emerged as one of the most important contributors to RCPL’s expansion.
The beverage business generated more than ₹5,250 crore in sales during the first half of FY27, equivalent to over 90% of its total beverage sales in FY26.
The business recorded approximately 2.1 times year-on-year growth during the first half.
RCPL also said it had become India’s third-largest non-alcoholic ready-to-drink (NARTD) player, with double-digit market share in several states.
Campa is competing with established beverage companies, including Coca-Cola and PepsiCo, across India’s carbonated soft drinks and wider beverage market.
Campa’s growth indicators
| Metric | H1 FY27 performance |
|---|---|
| Beverage sales | More than ₹5,250 crore |
| Year-on-year growth | 2.1 times |
| Share of FY26 beverage sales achieved | More than 90% |
| Market position | Third-largest NARTD player in India, as reported by RCPL |
| Market share | Double-digit in several states |
Campa’s portfolio includes carbonated soft drinks, energy and sports drinks, fruit-based beverages and hydration products.
RCPL is also developing other beverage brands, including Spinner, RasKik, Sosyo and Sun Crush.
The company is investing in bottling capacity, distribution and marketing to improve the availability of its products across Indian markets.
Independence Drives Daily Essentials Growth
The Independence brand is another major contributor to RCPL’s expansion.
The daily essentials category generated approximately ₹7,000 crore in sales during the first half of FY27, growing 1.7 times year-on-year.
The portfolio includes everyday household products such as edible oils, pulses and dry fruits.
Other brands in the category include Good Life and Udhaiyam.
Daily essentials are strategically important because they address frequent household purchases rather than occasional consumption. A broader product portfolio can help RCPL establish regular purchasing relationships with consumers and retailers.
The company’s strategy involves combining affordable pricing with a wider distribution network to compete with established FMCG brands.
Home Care, Personal Care and Packaged Foods Expand
RCPL is also increasing its presence beyond beverages and grocery essentials.
Its home and personal care category has recorded strong growth following product-range expansion and wider distribution.
The company is developing Glimmer as part of its personal care portfolio.
Packaged foods are another area of expansion, with products across biscuits, confectionery, snacks and processed foods.
RCPL is also entering the dairy category through ice creams, positioning the products as an accessible premium offering.
This diversification is intended to reduce the company’s dependence on a limited number of brands and build a broader FMCG portfolio.
Campa Expands Into International Markets
Reliance is taking its consumer brands beyond India through exports, distribution partnerships and local manufacturing arrangements.
Campa has entered major Australian supermarket chains, including Coles and Woolworths.
The Australian expansion is supported by local production, which can help the company manage supply and distribution requirements in the market.
RCPL has also launched products in African markets, including Kenya, Ghana and Nigeria. Its international presence includes the UAE, Oman and Malaysia.
The company’s broader consumer products portfolio is now available in more than 40 countries through exports and franchise sales, according to Reliance.
International expansion provides an additional growth opportunity, although the long-term contribution will depend on consumer adoption, local competition and distribution economics.
Reliance Invests in Six New Manufacturing Projects
To support its expanding brand portfolio, RCPL is strengthening its manufacturing infrastructure.
The company has initiated six integrated greenfield food and beverage projects across India.
These facilities are intended to increase production capacity and improve supply-chain efficiency across multiple product categories.
Reliance has also invested more than ₹10,000 crore in manufacturing capabilities to date, according to its FY26 disclosures.
Over the next three years, the company plans to invest an additional ₹30,000 crore in integrated food parks and manufacturing infrastructure.
The planned facilities are expected to include production capabilities across biscuits, chocolates, staples and packaged foods.
The company is also expanding its beverage production network, which already spans 12 states through high-speed bottling lines and manufacturing facilities.
RCPL’s ₹1 Lakh Crore Revenue Ambition
Reliance has previously outlined an ambition for RCPL to achieve ₹1 lakh crore in revenue within four years.
The company’s rapid first-half growth provides an indication of the scale of its expansion, but achieving that target will require sustained performance across several categories.
The strategy rests on four major areas:
- Brand expansion: Building Campa, Independence and other consumer brands across more product categories.
- Distribution growth: Increasing access to retailers through distributors and direct market coverage.
- Manufacturing capacity: Developing integrated food parks and expanding bottling facilities.
- International expansion: Taking Indian consumer brands into overseas markets through exports, partnerships and local production.
Reliance has said its products now reach more than three million retail outlets through a network of over 5,000 distributors.
This distribution footprint gives the company a platform to expand its consumer brands across urban and rural markets.
The Bigger Picture
RCPL’s performance highlights how Reliance is using its distribution network, manufacturing investments and established consumer brands to compete in India’s FMCG industry. Campa is challenging established beverage companies, while Independence is expanding in everyday household essentials.
The company’s rapid revenue growth demonstrates the scale of its market expansion, but sustained success will depend on maintaining competitive pricing, building consumer loyalty and improving profitability. Manufacturing investments and international expansion could create additional growth opportunities, although their financial returns will take time to become clear.
Looking Ahead
RCPL is expected to continue expanding its beverage portfolio, daily essentials and home and personal care products while increasing manufacturing capacity. Campa’s international expansion and the development of integrated food parks will be important parts of its next growth phase.
Investors and competitors will watch whether the company can sustain its high revenue growth while improving operating margins. The ₹1 lakh crore revenue ambition is a significant target, and achieving it will require RCPL to convert its growing distribution reach and brand recognition into consistent, profitable sales.
Frequently Asked Questions
1. What was Reliance Consumer Products’ Q2 FY27 revenue?
RCPL reported gross revenue of ₹8,266 crore in the September quarter of FY27, approximately 60% higher than the year-earlier period.
2. How much revenue did RCPL generate in the first half of FY27?
The company reported gross revenue of ₹16,900 crore in H1 FY27, approximately 1.8 times the corresponding period last year.
3. How much revenue did Campa generate?
Campa-led beverages generated more than ₹5,250 crore in sales during the first half of FY27, achieving over 90% of the category’s full-year FY26 sales.
4. How much did the Independence brand contribute?
The daily essentials category, led by Independence, generated approximately ₹7,000 crore in first-half FY27 sales, growing 1.7 times year-on-year.
5. What is RCPL’s position in India’s beverage market?
RCPL says it is India’s third-largest non-alcoholic ready-to-drink beverage player, with double-digit market share in several states.
6. Is Campa expanding internationally?
Yes. Campa has entered major Australian supermarket chains Coles and Woolworths and expanded into markets including Kenya, Ghana and Nigeria.
7. What is Reliance’s revenue target for RCPL?
Reliance has outlined an ambition for its consumer products business to reach ₹1 lakh crore in revenue within four years.
8. Has RCPL disclosed its Q2 FY27 net profit?
The company disclosed gross revenue and operating performance indicators, but did not separately provide detailed quarterly net profit and EBITDA figures in its earnings presentation.
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