Reliance Consumer Products Limited (RCPL), an RIL subsidiary, has acquired 100% equity stake in Southern Health Foods Private Limited (SHFPL) for a cash consideration of Rs. 156.42 crore. Effective February 9, 2026, SHFPL, the maker of the ‘Manna’ brand, is now a wholly owned subsidiary. This strategic move aims to strengthen RCPL’s presence in the growing health foods and millet-based foods segment.
RIL Subsidiary Acquires Southern Health Foods
Reliance Consumer Products Limited (RCPL), the Fast-Moving Consumer Goods (FMCG) arm of Reliance Industries Limited (RIL), has completed the acquisition of a 100% equity stake in Southern Health Foods Private Limited (SHFPL). The transaction, finalized for an aggregate cash consideration of Rs. 156.42 crore, was confirmed on February 9, 2026.
As a result of this acquisition, SHFPL, known for its flagship brand Manna, has officially become a wholly owned subsidiary of RCPL.
Strategic Rationale: Boosting Health Foods Portfolio
The acquisition of SHFPL, a leading manufacturer of healthy foods for over two decades, significantly bolsters RCPL’s existing food and staples portfolio, which already includes brands like Udhaiyam, Independence, and SiL. The focus is specifically on enhancing the business vertical in the rapidly expanding millet-based foods segment.
T. Krishnakumar, Director at RCPL, emphasized the strategic fit: “Manna is one of the most trusted names in the health focused foods market in Tamil Nadu… Manna’s addition will help us serve consumers the best nutritious foods.” RCPL plans to leverage its strong distribution and R&D capabilities to make Manna a household name nationwide.
Key Financial Details of SHFPL
Southern Health Foods Private Limited was incorporated on April 16, 2012. The announcement provided the following turnover figures for SHFPL:
- FY2024-25: Rs. 109.40 crore
- FY2023-24: Rs. 127.37 crore
- FY2022-23: Rs. 126.65 crore
Transaction Context
The transaction is confirmed to not be a related party transaction. Furthermore, no specific governmental or regulatory approvals were required for this acquisition. RCPL stated its ongoing mission to empower consumers by blending global standards with local insights to offer world-class, value-driven consumer goods.
Source: BSE
