Reliance Consumer buys majority stake in Australia’s Goodness Group, bets big on health beverages

Reliance Consumer Products Limited (RCPL) has acquired a majority stake in Australia-based Goodness Group Global Pty Ltd (GGG), marking its entry into the Australian consumer goods market and strengthening its push to build a global health-focused FMCG portfolio.

In a statement on Saturday, February 7, RCPL, the FMCG arm of Reliance Industries Limited, said the acquisition gives it access to Goodness Group’s ‘Better-For-You’ beverage brands, including Nexba and PACE, the latter co-created with Australian cricketer Pat Cummins. The partnership will see RCPL support the expansion of these brands into new geographies, including India.

The deal stresses RCPL’s strategy to scale its international footprint while expanding its presence in the fast-growing health and wellness beverages segment. The company said the acquisition aligns with its commitment to deliver “global quality at affordable prices” across markets.

Commenting on the transaction, T Krishnakumar, Director at RCPL, said the strategic partnership would accelerate the company’s ambition of becoming a global FMCG player from India.

He added, "The addition of GGG’s health-focused consumer brands like Nexba and PACE will add strength to RCPL’s healthy beverages portfolio. With our strong supply chain and distribution capabilities, RCPL will ensure expansion of GGG’s brands across newer markets and wide availability in India." This, he said, will also help RCPL fulfil its oath to make global quality accessible.

Troy Douglas, Founder of Goodness Group, said the partnership with RCPL would support the company’s plans to expand into up to 50 western markets over the next five years. He added, "This partnership will provide opportunity for the business to become the global leader in the ‘Better-For-You’ category.”

RCPL has already entered several overseas markets, including the UAE, Qatar, Oman, Bahrain, Nepal and Sri Lanka. Its existing beverage portfolio includes brands such as RasKik, Sun Crush, zero-sugar carbonated drinks, and the herbal-natural beverage brand Shunya.

In December, RCPL entered the packaged foods segment

by relaunching the 75-year-old legacy brand SIL as its flagship offering, marking its comprehensive foray into the segment, starting with a portfolio spanning noodles, jams, ketchups, sauces, and spreads.

Reliance’s consumer businesses also continued to anchor overall performance in the December quarter, as the retail segment reported revenues of ₹97,912 crore in Q3 FY26, up from ₹90,544 crore in the September quarter and slightly ahead of the ₹90,351 crore recorded in the same period last year.

Shares of Reliance Industries Ltd ended nearly 0.53% higher at ₹1,451 on Friday (February 6), ahead of the announcement. The stock has gained 14.55% in the past year.