Chennai: Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Industries Limited, has acquired a 100% equity stake in Southern Health Foods for an aggregate cash consideration of ₹156.42 crore, according to a regulatory filing.
With the completion of the transaction on February 9, 2026, Southern Health Foods has become a wholly owned subsidiary of RCPL.
Manna Brand Bolsters Millet Play
Southern Health Foods operates under its flagship brand Manna, a health foods manufacturer with a strong legacy of over two decades. The acquisition is expected to significantly strengthen RCPL’s foods and staples portfolio and deepen its presence in the fast-growing millet-based foods segment.
RCPL’s existing staples portfolio includes brands such as Udhaiyam, Independence and SiL. The addition of Manna enhances its positioning in the health and nutrition category, particularly in traditional and millet-based staples, mixes, beverages and baby food products.
T. Krishnakumar, Director at RCPL, said Manna is among the most trusted health-focused food brands in Tamil Nadu, with distribution extending to neighbouring states.
“It is known for healthy offerings like millet-based staples and mixes, drinks and baby food. We aim to expand the brand to other geographies by leveraging Reliance’s distribution strength, R&D capabilities and supply chain infrastructure,” he said.
Expansion Beyond Tamil Nadu
The acquisition aligns with RCPL’s broader strategy of building a diversified foods platform that blends regional strength with national scale. Manna currently enjoys strong brand equity in Tamil Nadu, and Reliance plans to use its extensive retail and distribution network to take the brand beyond southern markets.
The millet segment has witnessed growing consumer demand, driven by increasing health consciousness and government-backed initiatives promoting traditional grains.
Financials and Transaction Details
Southern Health Foods was incorporated on April 16, 2012. According to the filing, the company reported:
- ₹109.40 crore turnover in FY25
- ₹127.37 crore turnover in FY24
- ₹126.65 crore turnover in FY23
Reliance clarified that the acquisition is not a related-party transaction and that none of its promoter group entities have any interest in the deal. The company also stated that no governmental or regulatory approvals were required for the transaction.
