Reliance Consumer Products Signs MoU With Finland’s Fazer; Shares Rise 1.32%

Mumbai, March, 6: Reliance Industries Limited’s FMCG subsidiary Reliance Consumer Products Limited (RCPL) has signed a Memorandum of Understanding with Finland based foods company Fazer to establish a long term strategic partnership in India. The collaboration will focus on producing, marketing and distributing premium chocolates and confectionery products using Fazer’s recipes and quality standards across the Indian market.

The disclosure was submitted to stock exchanges through a media release filed by Reliance Industries Limited under Scrip Code 500325 and trading symbol RELIANCE.

According to the statement, RCPL will leverage its nationwide manufacturing capabilities and extensive retail network to localise production and distribution of Fazer’s confectionery portfolio in India. The arrangement is intended to combine Fazer’s global product formulations with RCPL’s scale in the domestic fast moving consumer goods segment.

The agreement was signed during the state visit of Finland President of, Alexander Stubb, to India. The partnership is positioned as part of broader efforts to strengthen commercial engagement between India and Finland while expanding the presence of European confectionery brands in the Indian market.

Share Price Movement On March 6, 2026

Reliance Industries Limited shares traded higher following the disclosure. The stock was quoted at ₹1,407.80 on the National Stock Exchange, up ₹18.40 or 1.32% from the previous close of ₹1,389.40, as of 2:50 pm IST on March 6, 2026, according to exchange data.

During the trading session the stock opened at ₹1,396.50 and touched a high of ₹1,424.30, while the day’s low was recorded at ₹1,390.30 so far. Market participants tracked the development as the company expands its consumer products footprint beyond legacy energy and retail segments.

Management Commentary On The Collaboration

Reliance Consumer Products Limited Director, T Krishnakumar, said the partnership represents a strategic step to introduce globally recognised chocolate brands to Indian consumers.

He stated that the collaboration combines Fazer’s established international brands and manufacturing expertise with RCPL’s local production capabilities, distribution infrastructure and consumer insights, positioning the partnership to deliver premium confectionery products at scale across India.

Fazer,president and Chief Executive Officer, Christoph Vitzthum, said the collaboration provides the Finnish company with an opportunity to enter India’s rapidly expanding chocolate market through a local partner with nationwide commercial reach.

According to the company statement, RCPL will manage commercialisation and distribution within India, enabling Fazer to establish a premium positioning while scaling operations through local manufacturing and market access.

Company Background

Reliance Consumer Products Limited, incorporated in 2022, is the fast moving consumer goods arm of Reliance Industries Limited. The company has been expanding its product portfolio by reviving legacy Indian confectionery brands such as Ravalgaon, Toffeeman and Pan Pasand, alongside Lotus Chocolates.

The company has also introduced international confectionery brands including Maliban, Nexba and PACE to Indian consumers as part of its strategy to deliver global quality products at accessible price points.

Fazer Group is a Northern European food company focused on confectionery, bakery and plant based foods. The company operates primarily across the Nordic and Baltic regions while exporting products to more than 40 countries worldwide. According to corporate disclosures, Fazer reported net sales of €1,200 million in 2025 and employs close to 5,000 professionals globally.

Conclusion

The MoU marks a further expansion of Reliance Industries’ consumer products strategy as the group scales its presence in India’s packaged foods and confectionery segment. By combining Fazer’s global product portfolio with RCPL’s manufacturing capacity and distribution reach, the companies aim to build a competitive position in India’s growing chocolate and confectionery market.

Source:

• https://nsearchives.nseindia.com/corporate/kavinavora_06032026132018_SE_06032026.pdf
• https://www.nseindia.com/get-quote/equity/RELIANCE/Reliance-Industries-Limited