RIL shares jump nearly 2% as Reliance Consumer Products acquires majority stake in nutrition brand Udhaiyam

Shares of Reliance Industries Ltd (RIL) gained as much as 1.92% to an intra-day high of ₹1,574.20 apiece on the National Stock Exchange (NSE) on Friday, December 19. It was among the top gainers of the NIFTY50 index.

This comes after its arm, Reliance Consumer Products Ltd (RCPL), acquired a majority stake in Udhaiyams Agro Foods Private Limited.

Under the joint venture agreement, RCPL holds a majority stake, while Udhaiyams’ owners will have a minority stake in the company, RIL said in a regulatory filing on Thursday.

Furthermore, the promoters of Udhaiyams Agro Foods Private, S. Sudhakar and S. Dinakar, will continue to hold a minority stake in the company.

“The deal brings the food company and Tamil Nadu’s heritage nutrition brand, Udhaiyam, under RCPL’s fold, adding strength to the FMCG major’s branded staples portfolio,” it added.

Udhaiyams Agro Foods Private Ltd, operating under its flagship brand ‘Udhaiyam’, has a strong market presence of over three decades in Tamil Nadu.

Commenting on the acquisition, T. Krishnakumar, Director, RCPL, said: “Udhaiyam is a brand that needs no introduction. It has been serving healthy food choices to consumers for decades and is a true reflection of Tamil Nadu’s rich heritage, enriched with its scientific temper and superior quality.”

Krishnakumar also stated that the joint venture further strengthens RCPL’s presence in the branded staples space, adding that the initiative reaffirms the firm’s commitment to offer “global-quality products” to consumers at affordable price points.

Udhaiyam, the brand, has established itself in key staple and food product categories, including rice, spices, snacks and idli batter, among others, and is supported by a wide distribution network.

“With RCPL now taking charge of its expansion, we are confident that the goodness of Tamil Nadu and the rich heritage of the land will resonate with consumers across geographies, while adding value to their lives as we increasingly transition towards a healthier lifestyle,” said S. Sudhakar, Managing Director, Udhaiyams Agro Foods.

RIL stock performance

At around 9:52 am, the share was trading 1.20% higher at ₹1,562.90 apiece on Friday.

The scrip has advanced by 0.4% in the past week and nearly 3% over the month. On a year-to-date basis, it has surged about 28%.

While the stock reached a 52-week high of ₹1,543.50 on November 28, 2025, it touched a year’s low of ₹1,114.85 per equity share on April 7, 2025.

RIL has a total market capitalisation of ₹21.15 lakh crore, as of December 19, 2025, according to data on the NSE.