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India’s top 10 FMCG companies by market cap 

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FMCG has been a dominant force in India accounting for 50% of the household and personal care segment. Here we list highest-valued FMCG companies by market capitalization in India

New Delhi: The Indian fast-moving consumer goods (FMCG) market is growing at a fast pace. According to Statista, FMCG is the fourth-largest sector in India which accounts for 50% of the household and personal care segment. According to the research agency, the Indian FMCG market which was valued at $110 billion in 2020 is going to double by the financial year 2025 reaching $220 billion, and then further reach the mark of $615.87 billion in the year 2027.

The following are the highest-valued FMCG companies by market capitalization in India:

Hindustan Unilever Limited

Market Capitalization: Rs. 5.83 trillion

Incorporated by the Lever Brothers in 1933 by the name of Lever Brothers India Limited, it is a British FMCG company with the highest market capitalization. The FMCG company has over 50 brands in its portfolio and produces over 65 billion units annually.

In 2007, the company changed its name to Hindustan Unilever Ltd. (HUL). HUL has a presence in sectors like skin care, hair care, colour cosmetics, oral care, toiletries and deodorant, health and wellbeing, home care, household care, water purifiers, beverages, health food drinks, ice cream and food. The brand is available across more than 9 million retail outlets in the country.

HUL had a turnover of Rs58,154 crore in the financial year 2023 with the home care sector contributing the highest with Rs21,230 crore. Some prominent brands in the portfolio of the company are Axe deodorants, Brooke Bond Taj Mahal tea, Boost and Dove soap and many others.

ITC Limited

Market Capitalization: Rs. 5.47 trillion

Founded in 1910 as Imperial Tobacco company by the British, ITC is a conglomerate which is into multiple businesses such as FMCG, hotels, paperboards and packaging, agriculture business and information technology. In FMCG, it is into foods, personal care, cigarettes and cigars, education and stationery products, incense sticks and safety matches. Some prominent brands owned by the company are Sunfeast, Bingo, and Ashirwaad.

The company did a gross revenue of Rs69,480 crore in the financial year 2023. The company, in the financial year 2023, distributed a dividend of Rs. 19,255 crores to its shareholders. The FMCG sector contributed 68.06% to the company’s total turnover.

Nestle India Limited

Market Capitalization: Rs. 2.33 trillion

Nestle’s relationship with India dates back to over 100 years; the company started trading as The Nestle Anglo-Swiss Condensed Milk Company (Export) Limited. After Independence, the company set up its first factory in Moga, Punjab in 1961 helping the vision of the government in developing the milk economy. Nestle India owns prominent brands like Everyday, Nescafe, Nestea, Maggi, KitKat, Munch, Nestle, Polo, Bar-One, Milkmaid, Milkybar, Nangrow and Lactogrow among others. The company had a revenue of Rs 16,700 crore from sales of goods in the financial year 2023.


Varun Beverages Limited.

Market cap: Rs. 1.36 trillion

Incorporated by Ravi Jaipuria in 1995, Varun Beverages is the largest franchisee of PepsiCo Inc. outside the United States of America.  Varun Beverages owns more than 15 brands across categories such as energy, carbonated, ice teas, water, juice and carbonated soft drinks. Some of the well-known brands operated by Varun Beverages are Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda and Evervess. PepsiCo non-carbonated brands produced and sold by the company include Tropicana Slice, Tropicana Juices, Seven-Up Nimbooz, and Gatorade as well as packaged drinking water under the brand Aquafina. The company posted a revenue of Rs13,173 crore in the financial year 2023.

Britannia Industries Limited.

Market cap: Rs.1.14 trillion

Started in 1892 in Kolkata by a group of businessmen to manufacture biscuits, Britannia is one of the oldest FMCG brands in the country. Today, the company spans over 80 countries across the globe. The company has a total of 35 SKUs as per its website. Some of its famous brands include Good Day, Marie Gold, and 50-50.

Out of all its products, 95% of its sales are derived from bakery items like cakes, biscuits and breads. The company made a revenue of Rs16,300 crore from operations in the financial year 2023.

Godrej Consumer Products

Market cap: Rs1.02 trillion

The consumer products business of the Godrej group was part of the erstwhile Godrej Soaps Limited (GSL). It was demerged into Godrej Consumer Products Limited in April 2001. Today, the company has over 32 brands in its portfolio.

Some of its well-known brands include Cinthol, Hit and Goodknight. In April 2023, Godrej announced acquiring the FMCG business of Raymond Consumer Care for a cash consideration of Rs 2,825, as per media reports. Post acquisition Godrej will also own brands like Kama Sutra and Park Avenue.

The company recorded a revenue from operations of Rs13,300 crore in the year 2023. The products of Godrej are available in more than 85 countries across the world.

Dabur India Limited

Market Cap: Rs. 957.3 billion

Founded by SK. Burman in 1884, Dabur has a presence in over 120 countries across the Globe. It has over 250 Ayurvedic products in its portfolio.

The company made a revenue of Rs. 11,530 crores in the financial year 2023. Some prominent brands the company owns are Odomos, Odonil and Dabur Babool.

Tata Consumer Products

Market cap: Rs 861.2 billion

Founded in 1964 by the Tata Group, Tata Consumer Products is an Indian FMCG company that is present in more than 40 countries across the world.

The company made a revenue of Rs 886 crore in the financial year 2023. Tata Consumer Products owns brands like Himalayan, Tata Sampann, and Tata Coffee Gold.

Marico Limited

Market cap: Rs. 683.17 billion

Founded in 1990 by Harsh Mariwala, Marico owns 18 brands in its portfolio. Some of its prominent brands include Parachute oil, Saffola, Set Wet and Livon. The company made a revenue of Rs. 780 crore in the financial year 2023. Today, the company has in total Today the company is present in over 25 countries across the globe.

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