The fast-moving consumer goods (FMCG) sector in India has shown remarkable growth, playing an important role in the Indian economy. Leading the FMCG landscape in 2024, here are the top FMCG companies in India such as Hindustan Unilever, ITC, Nestle, and Britannia, which continue to lead the consumer goods market.
The FMCG sector ranks as the fourth-largest contributor, plays a crucial role in the Indian economy. It serves as a key indicator of consumer demand within the country. The sector is broadly divided into three categories: food and beverages, making up 19%; healthcare products, accounting for 31%; and household and personal care items, which constitute the remaining 50%.
FMCG products are known for their rapid turnover and low-cost nature, making them indispensable for consumers across all demographics. These goods are essential for everyday living, ensuring that FMCG companies maintain a steady demand even during economic downturns.
The Indian online grocery market is projected to exceed $17.12 billion in sales by 2026, growing at an annual rate of 28.99%. This resilience makes FMCG stocks attractive to investors seeking stable returns in volatile markets.
Top FMCG companies in India by market value 2024
Hindustan Unilever Limited (HUL)
Hindustan Unilever Limited (HUL) remains the top FMCG company in India with a market cap of ?5,32,276.40 crores. Founded in 1933 by CEO Rohit Jawa, Known for its extensive range of personal care, home care, and food products, HUL's iconic brands like Lux, Dove, Surf Excel, and Knorr have built unwavering consumer trust and loyalty through consistent quality and effective marketing strategies.
ITC Limited
ITC Limited founded in 1910, holds a strong position in the FMCG sector with a market cap of ?5,10,679.35 crores. Its diversified business portfolio, spanning consumer goods, hotels, agribusiness, and more, ensures stability and resilience. ITC's popular FMCG brands include Aashirvaad, Sunfeast, and Fiama.
Nestle India Limited
Nestle India Limited founded in 1959 is a major player in the Indian FMCG sector. With a market cap of ?2,40,856.10 crores, Nestle India is renowned for its focus on nutrition and wellness. Its diverse product range, including Maggi noodles, Kit Kat chocolates, and Cerelac baby food, has become synonymous with quality and trust among Indian consumers.
Varun Beverages Limited (VBL)
Varun Beverages establsihed in 1995 by CEO Kapil Agarwal has seen a meteoric rise, boasting a market cap of ?1,81,745.74 crores. As a key bottling partner of PepsiCo, VBL distributes a wide range of beverages, from carbonated drinks to fruit juices, catering to diverse consumer preferences.
Godrej Consumer Products Limited
Founded in 2001 by CEO Sudhir Sitapati, Godrej Consumer Products Limited is known for its high-quality household and personal care products. Godrej Consumer Products Limited gas market cap of ?1,23,362.36 crores. The company has built substantial brand equity with products like Good Knight, Cinthol, and Godrej Expert.
Britannia Industries Limited
Britannia Industries Limited, with a market cap of ?1,02,178.42 crores, has been a trusted name in the Indian FMCG sector since 1892. CEO Varun Berry has focused on expanding Britannia's range of bakery products, including popular items like Good Day, Marie Gold, and NutriChoice, solidifying its reputation for quality and innovation.
Godrej Consumer Products Limited
Godrej Consumer Products Limited stands out with a market cap of ?1,05,292.48 crores. Established in 2001 and led by CEO Sudhir Sitapati, the company excels in personal care, home care, and hair care segments. Brands like Godrej No.1, Good Knight, and Cinthol are synonymous with trust and reliability in Indian homes.
Tata Consumer Products Limited
Tata Consumer Products Limited leverages the esteemed Tata brand to achieve a market cap of ?1,09,123.41 crores. Founded in 1962, CEO Sunil A. D’Souza is leading the company towards growth, with key products such as Tata Tea, Tetley, Tata Salt, and Tata Sampann, and exploring new ventures like acquiring shares in Haldiram's.
Dabur India Limited
Dabur India Limited, a pioneer in Ayurvedic and natural healthcare products, has a market cap of ?91,853.65 crores. Founded in 1884 and helmed by CEO Mohit Malhotra, Dabur offers a wide range of popular products like Dabur Chyawanprash, Vatika hair oil, and Real fruit juices, meeting the rising demand for natural health solutions.
United Spirits Limited (USL)
United Spirits Limited, with a market cap of ?79,113.95 crores, is a major player in the alcoholic beverages market. Established in 1826 and led by CEO Hina Nagarajan, this Diageo subsidiary is known for iconic brands such as McDowell's No. 1, Royal Challenge, and Signature, maintaining a strong market presence.
Colgate-Palmolive (India)
Colgate-Palmolive India dominates the oral and personal care market with a market cap of ?71,122.88 crores. Founded in 1937, CEO Prabha Narasimhan oversees brands like Colgate Strong Teeth, Colgate Total, and Colgate Max Fresh, which have made Colgate synonymous with toothpaste in India.
Marico Limited
Marico Limited, known for its health and beauty products, has a market cap of ?68,203.44 crores. Founded in 1987, CEO Saugata Gupta has propelled the company forward with brands such as Parachute, Saffola, and Set Wet, earning consumer trust and loyalty in the personal care segment.
Procter & Gamble Hygiene and Health Care Limited
Procter & Gamble, a leader in personal health and hygiene products, boasts a market cap of ?55,984.71 crores. Founded in 1964, CEO Magesvaran Suranjan heads the company, offering renowned brands like Whisper and Vicks, which dominate their respective markets.
Emami Limited
Emami Limited, with a market cap of ?22,468.84 crores, is well-known for its personal care products. Founded in 1974 and led by CEOs Mohan Goenka and Harsha V. Agarwal, Emami's portfolio includes popular brands like Navratna, Boroplus, and Fair and Handsome, which are staples in many Indian households.
Gillette India Limited
Gillette India is a top name in grooming products, with a market cap of ?21,405.07 crores. Established in 1984, CEO Gautam Kamath has ensured the company's success with a range of razors, shaving gels, and blades, making Gillette a go-to brand for men's grooming.
Adani Wilmar Limited
Adani Wilmar, known for its edible oil and food products, has a market cap of ?46,249.06 crores. Founded in 1999 and led by CEO Angshu Mallick, the company’s Fortune brand serve to the essential needs of Indian households with its diverse product portfolio.
