Top 10 FMCG Companies in India by Market Cap in 2024

Fast-Moving Consumer Goods (FMCG) sector in India is one of the largest and most vibrant markets, reflecting the country’s economic growth and consumer behavior. As of 2024, several companies dominate this sector, showcasing strong market capitalization and robust performance. Here’s a detailed look at the top 10 FMCG companies in India by market cap.

List of Top 10 FMCG Companies in India by Market Cap in 2024

Top 10 FMCG Companies in India: Key Details

1. Hindustan Unilever (HUL)

Based in Mumbai, Hindustan Unilever (HUL) is a consumer goods business of British-Dutch ownership, with operations in India. With a market value of $68.65 billion and a powerful brand portfolio that includes Dove, Lifebuoy, Surf Excel, and other fast-moving consumer goods, HUL is among the most valuable firms in India.

• Current CEO:  Rohit Jawa
• Headquarter: Mumbai
• Year of Foundation: 1933

Also read: Top 10 Most Valuable Companies in India by Market Cap in 2024

2.  ITC Limited

With a market value of $63.27 billion, Imperial Tobacco Limited, also known as ITC Limited, is a multi-business conglomerate with its headquarters located in Kolkata. ITC, well-known for its tobacco products and cigarette brands, has been expanding its FMCG line in recent years. It now includes brands like Classmate, Sunfeast, Savlon, and others, in addition to hotels, paperboard and packaging, agribusiness, and information technology.

• Current chairman: Sanjiv Puri
• Headquarter: Kolkata
• Year of Foundation: 1910

Also read: Top 10 Banks in India in 2024 by Market Cap

3. Nestle 

Nestle India focuses on health and nutrition. It sells a range of reliable food and drink items, such as Kit Kat chocolates, Maggi noodles, and baby food. Nestle India’s success is a result of its constant product innovation and awareness of Indian consumer preferences. For example, adding various flavors to Maggi noodles has kept them popular. Nestle is a leading FMCG firm in India thanks to its flexibility in responding to shifting consumer preferences and its dedication to nutrition and well-being.

• Current CEO: Suresh Narayanan ( Indian chairman)
• Headquarter: Gurgaon, Haryana
• Year of Foundation: 1956

4. Varun Beverages 

Founded on June 16, 1995, Varun Beverages (VBL), headed by CEO Varun Jaipuria, has expanded quickly to rank among India’s leading FMCG companies. Its collaboration with PepsiCo, allowing VBL to distribute PepsiCo beverages in many countries and broaden its global reach, is primarily responsible for this expansion. By offering a wide variety of products, such as fruit juices and carbonated drinks, VBL can satisfy a wide range of consumer preferences and improve its position in the market. A major factor in VBL’s success and what sets it apart from other FMCG companies is its promoter and chairman, Ravi Kant Jaipuria.

• Current chairman: Rajiv Jaipuria
• Headquarter: Gurgaon, Haryana 
• Year of Foundation: 1995

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5. Godrej Consumer Products Ltd

Over the years, Godrej has gained significant consumer trust and brand recognition. People have a loyal base of customers because they identify the Godrej brand with quality and reliability. Godrej has also expanded globally, absorbing knowledge from other marketplaces, and applying successful strategies in multiple locales. Godrej’s growth has been greatly supported by this international expansion, which has helped the company establish strong brand equity and uphold its reputation for quality and reliability.

• Current CEO: Sudhir Sitapati
• Headquarter: Mumbai
• Year of Foundation: 1897

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6. Britannia Industries

With a rich history of producing well-known cookies and baked goods in India since 1892, Britannia stands apart. Famous goods like Tiger and Good Day biscuits, which have long been favorites in Indian homes, are the reason for its success. Britannia also responds effectively to changes in the market. Seeing a market for coarse grains, Britannia introduced Millet bread in response to the increased demand for millet. For more than a century, Britannia has been a well-liked brand in India thanks to its creativity and responsiveness.

• Current CEO: Rajneet Singh Kohli
• Headquarter: Kolkata
• Year of Foundation: 1892

7. TATA Consumer Products Ltd

Being a part of the renowned Tata Group its a name that stands for ethics, excellence, and customer satisfaction makes Tata Consumer Products stand out. Customers’ high trust and loyalty have been fostered by this reputation. Products from Tata Consumer Products, which are popular in many Indian homes, include Tata Tea, Tetley, Tata Salt, and Tata Sampann. Tata Consumer Products’ broad range of products meets a variety of market demands and has built up a constant presence in Indian homes, enhancing the brand’s reputation as a trustworthy and popular one.

• Current CEO: Sunil A. D’Souza
• Headquarter: Mumbai
• Year of Foundation: 1962

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8. Dabur India

Dabur is well-known for its ability to produce natural and Ayurvedic healthcare goods, catering to the increasing need for conventional treatments. Indian consumers have shown faith and loyalty towards the company due to its wide selection of products, which includes Dabur Chyawanprash, Vatika hair oil, and Real fruit juices. Dabur’s success could possibly be credited to its dedication to producing premium herbal medicines that follow traditional wisdom. Because of the company’s dedication, Dabur is now a well-known brand in many Indian households, serving people looking for effective and secure natural health solutions.

• Current CEO: Mohit Malhotra
• Headquarters: Ghaziabad, Uttar Pradesh 
• Year of Foundation: 1884

9. United Spirits

United Spirits, a division of the world’s largest alcoholic beverage company, Diageo, is an important competitor in India, offering well-known spirits like McDowell’s No. 1, Royal Challenge, and Signature. They are a powerful force in the industry thanks to their wide range of alcoholic beverages. In an attempt to protect the safety and well-being of its female employees, United Spirits has partnered with taxi providers and established special night shifts specifically for them. Their dedication to worker empowerment and safety enhances their standing as one of India’s top FMCG companies.

• Current CEO: Hina Nagarajan
• Headquarter: Bangalore, Karnataka
• Year of Foundation: 1826

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10. Colgate Palmolive (India)

Colgate-Palmolive India is a major name in oral and personal care. They offer popular products like Colgate Strong Teeth, Colgate Total, and Colgate Max Fresh toothpaste, toothbrushes, and mouthwashes. These brands are so well-known that Colgate-Palmolive India is almost synonymous with toothpaste in the country. Their wide reach and trusted quality have made them a household name in India, solidifying their position as a leading FMCG company in the oral care sector.

• Current CMO:  Prabha Narasimhan
• Headquarter: Mumbai
• Year of Foundation: 1937

Wrapping Up

The top food and beverage companies in India by market capitalization in 2024 have made a name for themselves as industry leaders in the consumer goods space using a combination of creative marketing techniques, a wide range of products, and well-known brands. They maintain loyal customers because of their ability to adjust to shifting consumer tastes while maintaining high standards of quality. These businesses are across a variety of industries, such as food and drink, personal care, and healthcare, which emphasizes their broad impact on everyday customer behavior. Their growth and market domination in India’s FMCG industry are fueled by their never-ending commitment to sustainability, ethical business practices, and customer happiness.

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FAQs

Which is the fastest growing FMCG company in India?

Among the top FMCG companies in India, VBL is the fastest growing. Its rapid growth comes from its partnership with PepsiCo, which helps VBL distribute PepsiCo drinks worldwide and expand internationally.

Which is the 4th largest FMCG company in India? 

Godrej Consumer is the fourth largest FMCG company in India.

Which FMCG product is most profitable? 

The most profitable FMCG products are personal care items such as skincare, hair care, and oral care products. These products have a low cost of production and offer high profit margins. Starting your own brand or manufacturing for established brands in this sector can be a lucrative business idea.

Which sector will bloom in 2024?

In 2024, the sectors expected to boom include private banks, chemicals, and consumer durables. These areas are anticipated to offer strong investment opportunities. Conversely, sectors like capital goods, IT, and real estate might require a more cautious approach due to potential challenges.