Please find attached a media release by Reliance Retail Limited, a subsidiary of the Company, titled Reliance Retail Limited Acquires Pahadi Local Brand along with Business, Strengthening Its Commitment to Purpose-Led Beauty and Wellness Brands.
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Reliance Retail Limited, a subsidiary of Reliance Industries, has completed the acquisition of the 'Pahadi Local' brand and business from Pahadi Goodness Private Limited. Pahadi Local is a fast-growing, Himalayan-inspired beauty and wellness brand founded in 2018, known for clean formulations and its hero ingredient Gutti Ka Tel (Apricot Kernel Oil). The brand works closely with women-led self-help groups in Ladakh and Himachal Pradesh, supporting local livelihoods. Reliance Retail will scale the brand using its omni-channel network of 19,979 stores, 378 million registered customers, and digital commerce platforms, while the founding team continues to lead creative direction. Financial terms of the deal were not disclosed. RRVL reported a consolidated turnover of ₹3,30,870 crore and EBITDA of ₹25,053 crore for FY25.
This acquisition strengthens Reliance Retail's beauty and wellness portfolio by adding a differentiated, purpose-driven Indian brand with strong consumer appeal. It is a positive inorganic growth move for the retail segment, though the undisclosed deal size limits assessment of financial impact. No immediate material impact on Reliance Industries' stock is expected from this announcement alone.