63% of FCL's sales came from Reliance retail in FY22

5 Sep 2022 , 08:40 AM

According to the annual report of the FMCG division of the Kishore Biyani-led Future Group, Reliance Retail was Future Consumer Ltd.’s (FCL) top customer in FY22, accounting for 63.06% of its sales.

Food and processed food goods, as well as health and personal care items, are the focus of FCL’s business, which also includes sourcing, production, branding, marketing, and distribution.

Reliance Retail and FRL, which together contributed Rs854.22 crore of its total revenue of Rs970.08 crore or over 88%, are the only two mentioned in the annual report’s list of top clients that each contribute more than 10% of FCL’s total revenue.

The report stated that Reliance Retail made a contribution of Rs611.75 crore and added that the collapse of the Rs24.713 crore agreement with Reliance Group in April of this year had a major effect on its operations.

Prior to that, Reliance Retail had been responsible for 26.81% of the Rs587 crore in total sales for the fiscal year that ended on March 31, 2021. FRL made up 55%.

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