Reliance’s FMCG arm snaps up Tamil Nadu's Manna to boost its health food offerings

Reliance Industries subsidiary picks up 100% stake in Southern Health Foods: Reliance Consumer Products Limited, the FMCG arm of Mukesh Ambani-led Reliance Industries Limited, has picked up a 100% stake in Southern Health Foods Private Limited, best known for its flagship brand Manna. RCPL acquired the Tamil Nadu-based health foods company for Rs 156.42 crore in an all-cash deal.

In an exchange filing, RIL said, “Reliance Consumer Products Limited (RCPL), a subsidiary of the company, has acquired 100% equity stake in Southern Health Foods Private Limited (SHFPL) for an aggregate cash consideration of Rs 156.42 crore from existing shareholders of SHFPL. Consequently, SHFPL has become a wholly owned subsidiary of RCPL effective February 9, 2026.”

The addition of Manna adds further strength to RCPL’s foods and staples portfolio that includes brands like Udhaiyam, Independence and SiL, through building a strong business vertical in the growing millet-based foods segment, RIL said.

T Krishnakumar, Director, Reliance Consumer Products Limited, said, “Manna is one of the most trusted names in the health focused foods market in Tamil Nadu with noticeable presence in the adjoining states. It is known for healthy offerings like millet-based staples and mixes, drinks and baby food. Apart from adding muscle to RCPL’s packaged foods portfolio, Manna’s addition will help us serve consumers the best nutritious foods.”

“With our strong distribution, R&D and supply chain capabilities, Manna would be made available in other geographies - eventually making it a household name across the country,” Krishnakumar added.

Southern Health Foods Private Limited

Southern Health Foods Private Limited is a key player in several health-focused foods

categories such as packaged healthy foods including millets, oats, multi-grain products, health mixes, breakfast cereals and dry fruits, among others.

Its flagship brand Manna is known for its healthy offerings in many emerging packaged foods categories like millet flour, baby foods and multigrain drink mix.

The company’s revenue from operations witnessed a year-on-year increase of 10.5 per cent in Q3 FY26 to Rs 2.93 lakh crore in the reporting quarter against Rs 2.43 lakh crore in the same quarter of the previous fiscal.

RIL’s EBITDA grew 6.1 per cent YoY at Rs 50,932 crore in the October-December quarter against Rs 48,003 crore reported in the corresponding quarter of the previous financial year.

EBITDA margin improved 70 bps YoY to 17.3 per cent in the quarter under review versus 18 per cent in the year-ago period.

The company said profit after tax and share of profit/(loss) of associates and Joint Ventures stood at Rs 22,290 crore in 3Q FY26, up 1.6 per cent Y-o-Y. EBITDA margin for the quarter was reported at 17.3 per cent.

For the nine months ended December 31, 2025 (9M FY26), RIL reported EBITDA at Rs 1,59,323 crore, up 18.3 per cent Y-o-Y, while PAT and share of profit/(loss) of associates and JVs rose 28.1 per cent Y-o-Y to Rs 75,165 crore, the release added.

Commenting on the results, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, said, "Reliance's consolidated performance in 3Q FY26 reflects consistent financial delivery and operational resilience across businesses. Jio's digital ecosystem is deepening its roots in Indian households. Through our mobility and broadband products, we are connecting mobile phones, homes, appliances and enterprises. The synergistic value delivered by our connectivity and media platforms has meaningfully increased customer engagement."

"This quarter, Jio expanded its subscriber base further, through attractive propositions enabled by its comprehensive, indigenous technology stack tailored for Indian markets. The business delivered a robust financial performance with 16.4% growth in EBITDA," he said.