Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries, has officially announced the acquisition of Southern Health Foods Private Limited (SHFPL), the company behind the well-known health food brand Manna. The deal, disclosed on February 10, 2026, strengthens Reliance’s growing presence in the millet and wellness-focused packaged food market.

The acquisition is valued at ₹156.42 crore, with RCPL purchasing 100% equity, making SHFPL a wholly owned subsidiary.

Reliance Consumer Products–Manna Deal: Key Highlights

Reliance Consumer Products has completed the acquisition through an all-cash transaction.

Transaction Details

• Acquirer: Reliance Consumer Products Limited (RCPL)

• Target Company: Southern Health Foods Private Limited (SHFPL)

• Brand Owned: Manna

• Stake Acquired: 100%

• Deal Value: ₹156.42 crore (cash consideration)

• Effective Date: February 9, 2026

• Announcement Date: February 10, 2026

This acquisition marks another major step in Reliance’s rapid expansion strategy in the FMCG and packaged food segment.

About Southern Health Foods and the Manna Brand

Southern Health Foods Private Limited, headquartered in Chennai, Tamil Nadu, is best known for its flagship brand Manna, which has built a strong reputation in South India for traditional and nutritious food products.

The company was incorporated in 2012, though the Manna brand has been present in Indian households for more than two decades.

Manna’s Product Portfolio

Manna is positioned as a “better-for-you” brand, focusing on health-driven staples and traditional foods such as:

• Millet-based staples and mixes

• Baby food products like sprouted ragi mixes

• Health drinks and nutrition mixes

• Breakfast cereals and oats

• Dry fruits and packaged health foods

The brand has built strong trust among health-conscious families, especially in Tamil Nadu and nearby southern markets.

Southern Health Foods Financial Performance

Southern Health Foods has maintained a strong turnover over the last three financial years.

Turnover Figures

• FY 2024–25: ₹109.40 crore

• FY 2023–24: ₹127.37 crore

• FY 2022–23: ₹126.65 crore

These numbers indicate that Manna has been operating as a stable and established health food player, making it an attractive acquisition for Reliance.

Why Reliance Bought Manna: Strategic Business Reasons

Reliance’s acquisition of Southern Health Foods is seen as a strategic move to capture India’s fast-growing demand for clean-label and nutrition-rich packaged foods.

1. Reliance’s Big Bet on Millets (Shree Anna Trend)

Millets have become a national priority under India’s “Shree Anna” initiative, and consumer interest in millet-based foods is rising rapidly.

By acquiring Manna, Reliance gains an already trusted millet-focused product line, allowing it to scale faster than building a new brand from scratch.

2. Pan-India Expansion Through Reliance’s Distribution Network

Manna has traditionally been strong in southern markets. With Reliance’s supply chain and retail reach, the brand is expected to expand aggressively across India.

Reliance’s distribution advantage could push Manna products into:

• Tier-1 metro supermarkets

• Tier-2 and Tier-3 markets

• Online grocery platforms

• Reliance Retail outlets nationwide

3. Strengthening Reliance’s FMCG Portfolio

The acquisition adds another strong name to Reliance’s growing FMCG basket, which already includes brands like:

• Udhaiyam (pulses and staples)

• Independence (daily grocery essentials)

• SiL (staples category)

With Manna, Reliance further strengthens its presence in the health foods, cereals, and nutrition segment.

4. Reliance’s Aggressive Inorganic Growth Strategy

This deal also reflects Reliance’s ongoing acquisition-driven growth approach. The company has been actively adding brands to compete with established FMCG giants in India.

The Manna acquisition comes soon after Reliance’s move to buy a majority stake in Goodness Group Global, an Australian beverage company known for the Nexba brand.

Regulatory Update: No Approvals Required

As per the regulatory filing, the acquisition did not require any government or regulatory approvals. The transaction was also confirmed as not a related-party deal, making it a straightforward corporate acquisition.

What This Means for the Indian FMCG Market

Reliance’s entry into the millet and traditional health food category through Manna could increase competition for established brands in cereals, nutrition mixes, and baby food products.

Industry experts believe Reliance’s investment in health foods signals a long-term plan to dominate premium and mass-market nutrition categories, especially as Indian consumers shift toward healthier packaged options.

A Major Push Toward India’s Health Food Boom

With the acquisition of Southern Health Foods, Reliance Consumer Products has secured a strong foothold in the millet and wellness-driven food category. The Manna brand’s strong legacy, combined with Reliance’s national retail and supply chain power, could transform it from a regional leader into a nationwide FMCG competitor.

In the coming months, consumers can expect wider availability of Manna products across India, along with possible new product launches backed by Reliance’s R&D and marketing muscle.

FAQs

1. Who acquired Southern Health Foods Private Limited?

Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited, acquired Southern Health Foods.

2. What is the deal value of Reliance’s acquisition of Manna brand owner?

The acquisition was valued at ₹156.42 crore, paid as aggregate cash consideration.

3. Which brand is owned by Southern Health Foods?

Southern Health Foods owns Manna, a popular health food and millet-based products brand.

4. When did the acquisition become effective?

The acquisition became effective on February 9, 2026, and was officially announced on February 10, 2026.

5. Did the deal require regulatory approvals?

No. According to the filing, no government or regulatory approvals were required, and the deal was not a related-party transaction.

6. Why is Reliance buying millet and health food brands?

Reliance is expanding aggressively in the FMCG segment, and the millet category is growing rapidly due to rising health awareness and the government-backed Shree Anna initiative.