Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries, has acquired Southern Health Foods Pvt Ltd (maker of the popular Manna brand) for ₹156.42 crore. This strategic move strengthens Reliance’s foothold in the fast-growing millet-based and health foods sector, expanding its portfolio and nationwide reach.
Reliance Industries Acquires Manna Maker for ₹156.42 Crore
Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods division of Reliance Industries, has completed the acquisition of Southern Health Foods Pvt Ltd (SHFPL), best known for its flagship brand Manna. The deal, valued at ₹156.42 crore, makes SHFPL a wholly owned subsidiary of RCPL.
Key Highlights:
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Strategic Expansion: The acquisition bolsters Reliance’s presence in the health foods and millet-based products segment, aligning with rising consumer demand for nutritious alternatives.
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Brand Addition: Manna, a household name in Tamil Nadu, specializes in millet-based staples, baby foods, and health mixes.
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Portfolio Growth: RCPL’s food portfolio already includes Independence, Udhaiyam, and SiL. Adding Manna strengthens its competitive edge in India’s booming FMCG market.
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Market Outlook: Reliance plans to leverage its distribution network to scale Manna nationwide, tapping into India’s growing preference for healthy, traditional, and sustainable food options.
This acquisition signals Reliance’s aggressive push into the nutritional foods sector, positioning it as a key player in India’s evolving FMCG landscape.
Sources: InvestyWise, The Hindu BusinessLine, The Economic Times