Top 10 FMCG companies in India by market cap in 2024, and the people who run them
Jun 21, 2024, 12:06 IST
The leading fast-moving consumer goods (FMCG) companies in India play a crucial role in the country's consumer economy. FMCG products include everyday items like toothpaste, packaged foods, and detergents—products people use regularly and frequently.
FMCG stocks are popular with investors due to their stability and consistent demand. They are considered defensive stocks because they remain relatively unaffected by economic downturns; people continue to purchase these essential items regardless of the economic climate. In this article, we'll explore the top FMCG companies in India as of March 2024.
CEO: Rohit Jawa
With an extensive product portfolio covering personal care, home care, and food, HUL remains one of the top FMCG companies in India. Iconic brands like Lux, Dove, Surf Excel, and Knorr have earned unwavering consumer trust and loyalty. HUL's success is due to its consistent focus on delivering high-quality products and its brilliant marketing strategies.
CEO: Sanjiv Puri
ITC is one of the top FMCG companies in India as it operates in many different areas. You can find ITC products in consumer goods, hotels, agriculture, paperboards, packaging, and more. This variety helps ITC stay stable and strong, as it doesn't rely on just one sector. However, a majority of profits even today come from cigarettes.
CEO: Suresh Naraynan
Nestle India focuses on nutrition and wellness, making many different food and drink products. Its range includes baby food, Maggi noodles, and Kit Kat chocolates, all trusted and loved by consumers. Nestle India's success comes from understanding what Indian consumers want and constantly innovating its products. For instance, the various flavours of Maggi noodles help keep it popular.
CEO: Varun Jaipuria
Among the top FMCG companies in India, VBL has grown the fastest in recent years. This growth is due to its partnership with PepsiCo, allowing VBL to distribute PepsiCo drinks in many countries and expand internationally. VBL's diverse products, including carbonated drinks and fruit juices, also help it meet different consumer tastes and strengthen its position in the market.
CEO: Sudhir Sitapati
Over the years, Godrej has earned strong brand recognition and consumer trust. People associate the Godrej name with quality and reliability, which has built a loyal customer base. Godrej has also grown by expanding internationally, learning from different markets and applying successful strategies in various regions.
CEO: Rajneet Singh Kohli
Britannia stands out with its long history in India, making popular biscuits and bakery products since 1892. Its success comes from iconic products like Good Day and Tiger biscuits, which have been favourites in Indian homes for generations. Britannia also adapts quickly to market trends. Seeing the new demand for millet, Britannia launched Millet bread to tap into the growing popularity of coarse grains.
Tata Consumer Products stands out because it is part of the trusted Tata Group, known for its ethical and socially responsible practices, quality, and focus on consumers. This has built trust and loyalty among customers. Tata Consumer Products offers a wide range of items, including Tata Tea, Tetley, Tata Salt, and Tata Sampann, which are common in many Indian homes.
CEO: Mohit Malhotra
Dabur is known for its expertise in Ayurvedic and natural healthcare products, meeting the growing demand for traditional remedies. Its wide range of products, like Dabur Chyawanprash, Vatika hair oil, and Real fruit juices, has earned the trust and loyalty of Indian consumers. Dabur's success comes from its commitment to high-quality herbal products that follow traditional wisdom.
CEO: Hina Nagarajan
United Spirits is part of Diageo, a big name in alcoholic drinks worldwide. They make popular spirits like McDowell's No. 1, Royal Challenge, and Signature. With a wide range of alcoholic drinks, they're a big player in India. United Spirits is also making strides in supporting women at work, with measures like special night shifts and partnerships with cab services for their safety.
CEO: Prabha Narasimhan
Colgate-Palmolive India is a major name in oral and personal care in India. They have popular toothpaste, toothbrush, and mouthwash brands like Colgate Strong Teeth, Colgate Total, and Colgate Max Fresh. These brands are so well-known that Colgate-Palmolive India is almost synonymous with toothpaste in India.
SEE ALSO:
Top 10 companies in India by market value
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FMCG stocks are popular with investors due to their stability and consistent demand. They are considered defensive stocks because they remain relatively unaffected by economic downturns; people continue to purchase these essential items regardless of the economic climate. In this article, we'll explore the top FMCG companies in India as of March 2024.
| Rank | Company Name | Mkt Cap (Rs cr) |
| 1 | Hindustan Unilever (HUL) | 5,32,276.40 |
| 2 | ITC | 5,10,679.35 |
| 3 | Nestle | 2,40,856.10 |
| 4 | Varun Beverages | 1,81,745.74 |
| 5 | Godrej Consumer | 1,23,362.36 |
| 6 | Britannia | 1,16,099.72 |
| 7 | TATA Cons. Prod | 1,09,123.41 |
| 8 | Dabur India | 91,853.65 |
| 9 | United Spirits | 79,113.95 |
| 10 | Colgate Palmolive (India) | 71,122.88 |
1. Hindustan Unilever (HUL)
CEO: Rohit Jawa
With an extensive product portfolio covering personal care, home care, and food, HUL remains one of the top FMCG companies in India. Iconic brands like Lux, Dove, Surf Excel, and Knorr have earned unwavering consumer trust and loyalty. HUL's success is due to its consistent focus on delivering high-quality products and its brilliant marketing strategies.
2. ITC
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ITC is one of the top FMCG companies in India as it operates in many different areas. You can find ITC products in consumer goods, hotels, agriculture, paperboards, packaging, and more. This variety helps ITC stay stable and strong, as it doesn't rely on just one sector. However, a majority of profits even today come from cigarettes.
3. Nestle
CEO: Suresh Naraynan
Nestle India focuses on nutrition and wellness, making many different food and drink products. Its range includes baby food, Maggi noodles, and Kit Kat chocolates, all trusted and loved by consumers. Nestle India's success comes from understanding what Indian consumers want and constantly innovating its products. For instance, the various flavours of Maggi noodles help keep it popular.
4. Varun Beverages
CEO: Varun Jaipuria
Among the top FMCG companies in India, VBL has grown the fastest in recent years. This growth is due to its partnership with PepsiCo, allowing VBL to distribute PepsiCo drinks in many countries and expand internationally. VBL's diverse products, including carbonated drinks and fruit juices, also help it meet different consumer tastes and strengthen its position in the market.
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5. Godrej Consumer Products
CEO: Sudhir Sitapati
Over the years, Godrej has earned strong brand recognition and consumer trust. People associate the Godrej name with quality and reliability, which has built a loyal customer base. Godrej has also grown by expanding internationally, learning from different markets and applying successful strategies in various regions.
6. Britannia Industries Limited
CEO: Rajneet Singh Kohli
Britannia stands out with its long history in India, making popular biscuits and bakery products since 1892. Its success comes from iconic products like Good Day and Tiger biscuits, which have been favourites in Indian homes for generations. Britannia also adapts quickly to market trends. Seeing the new demand for millet, Britannia launched Millet bread to tap into the growing popularity of coarse grains.
7. Tata Consumer Product Limited
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CEO: Sunil D’SouzaTata Consumer Products stands out because it is part of the trusted Tata Group, known for its ethical and socially responsible practices, quality, and focus on consumers. This has built trust and loyalty among customers. Tata Consumer Products offers a wide range of items, including Tata Tea, Tetley, Tata Salt, and Tata Sampann, which are common in many Indian homes.
8. Dabur India Limited
CEO: Mohit Malhotra
Dabur is known for its expertise in Ayurvedic and natural healthcare products, meeting the growing demand for traditional remedies. Its wide range of products, like Dabur Chyawanprash, Vatika hair oil, and Real fruit juices, has earned the trust and loyalty of Indian consumers. Dabur's success comes from its commitment to high-quality herbal products that follow traditional wisdom.
9. United Spirits Limited
CEO: Hina Nagarajan
United Spirits is part of Diageo, a big name in alcoholic drinks worldwide. They make popular spirits like McDowell's No. 1, Royal Challenge, and Signature. With a wide range of alcoholic drinks, they're a big player in India. United Spirits is also making strides in supporting women at work, with measures like special night shifts and partnerships with cab services for their safety.
Advertisement
10. Colgate Palmolive
CEO: Prabha Narasimhan
Colgate-Palmolive India is a major name in oral and personal care in India. They have popular toothpaste, toothbrush, and mouthwash brands like Colgate Strong Teeth, Colgate Total, and Colgate Max Fresh. These brands are so well-known that Colgate-Palmolive India is almost synonymous with toothpaste in India.
SEE ALSO:
Top 10 companies in India by market value