Reliance Consumer Products partners Finland’s Fazer to bring premium chocolates to India

THEBUSINESSBYTES BUREAU

BENGALURU, MARCH 6, 2026

Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited, has signed a Memorandum of Understanding (MoU) with Finland’s leading foods company Fazer. As part of this development, the two companies will establish a long-term strategic partnership in India to produce, market and distribute branded premium chocolates nationwide using Fazer’s recipes and high-quality standards.

The MoU was signed during the state visit of the Hon. President of Finland, His Excellency Alexander Stubb, to India, with the aim of strengthening business ties between India and Finland while simultaneously bringing Fazer’s iconic brands and products closer to Indian consumers.

The partnership will combine Fazer’s iconic heritage brands, innovative product portfolio and world-class chocolates with RCPL’s significant scale and access to nearly three million retail outlets across India, along with its deep expertise in the domestic market. Together, the companies aim to establish a strong presence in India’s chocolate and confectionery segment, which is expected to witness rapid growth due to rising consumer incomes and expanding organised retail.

T. Krishnakumar, Director, Reliance Consumer Products Limited, said, “Partnering with Fazer is a strategic step towards introducing one of the world’s finest chocolates to Indian consumers. This will also accelerate RCPL’s growth in chocolates & confectionary market. By combining Fazer’s globally trusted brands and manufacturing excellence with RCPL’s local production capabilities, robust distribution network, and deep consumer insights, we are well positioned to bring world-class products to Indian consumers and elevate the overall category experience.”

Commenting on the development Christoph Vitzthum, President and CEO, Fazer, said, “This partnership would be a great opportunity for Fazer to offer our unique products to the fast-growing Indian market. With RCPL handling commercialisation and distribution in India we could establish a premium position in the chocolate market and a foundation for a broader scale nation-wide roll-out with a leading and highly capable local partner. Entering the sizable Indian chocolate market through this strategic partnership, could have the potential to accelerate our international growth significantly.”

Since its inception in 2022, RCPL has steadily expanded its presence in the chocolate and confectionery segment by reviving India’s heritage brands such as Ravalgaon, Toffeeman, Pan Pasand and Lotus Chocolates. RCPL remains committed to offering ‘global quality at affordable price’ and has introduced several popular international brands such as Maliban, Nexba and PACE, among others, to Indian consumers.

Fazer has a focused growth strategy centred on continuous expansion and strong international growth targets. With operations across the Nordics and Baltics, Poland and China, and exports to more than 40 countries worldwide, the company already enjoys a well-established global footprint. As part of its ongoing international expansion, Fazer continues to explore opportunities to grow both organically and through mergers and acquisitions, while strengthening its position in existing and emerging markets.