RIL's FMCG business just marked a major milestone
Synopsis Reliance's FMCG arm, Reliance Consumer Products Ltd (RCPL), has turned EBITDA-positive for the first time, a key milestone as it scales its consumer brands
Synopsis Reliance's FMCG arm, Reliance Consumer Products Ltd (RCPL), has turned EBITDA-positive for the first time, a key milestone as it scales its consumer brands business. Management said profitability will improve further as supply chain investments are completed and sales grow, although the immediate focus remains on gaining market share.
The BriefWire