Top 10 FMCG Companies in India in 2023

What is the full form of FMCG? Fast Moving Consumer Goods (FMCG) is the full form of FMCG. These are products that sell quickly and at relatively low cost. Li

Here you can find the list of Top 10 FMCG Companies in India based on sales. The list provided below is in descending order based on sales in the year 2019.

What is the full form of FMCG?

Fast Moving Consumer Goods (FMCG) is the full form of FMCG. These are products that sell quickly and at relatively low cost.

List of Top 10 FMCG Companies in India

Here is a list of the top 10 FMCG companies in India, ordered by sales.

Top 10 FMCG Companies in India [2023]

1. Hindustan Unilever Ltd.
Hindustan Unilever Limited is India's largest Fast Moving Consumer Goods (FMCG) company with a historical presence in India of over 80 years. On the list of the top 5 FMCG companies in India, it is the largest.

9 out of 10 Indian households use one or more of the HUL brands. The divisions (home care, beauty and personal care, and food and snacks) include a portfolio of brands serving consumers across India.

Revenue: Rs 40,511 Cr
Employees: 5,645
Market capitalization: 451,666 Cr.
Dividend yield: 1.05 percent
ROE: 81.95 percent
Sales Growth (3 Years): 6.89 percent
Promoter participation: 67.18 percent
Debt to Equity: 0.01

With more than 40 brands in 12 different categories, including fabric laundry, home care, purifiers, personal care, skin care, hair care, color cosmetics, oral care, deodorants, beverages, ice cream and frozen desserts, and food, the company is part of the daily life of millions of consumers.

Leading brands including Surf Excel, Rin, Wheel, Sunlight, Vim, Pureit, Lux, Lifebuoy, Dove, Fair & Lovely, Pond's, Vaseline, Clinic Plus, Sunsilk, Indulekha, Lakmé, Pepsodent, Closeup, Axe, Brooke Bond, BRU, Kwality Wall's, Knorr, and Kissan are included in the brand portfolio. HUL is one of the leading fmcg brands in India.

Top 10 FMCG Companies in India [2023]

2. ICT Ltd.
Established in 1910, ITC Limited is a diversified conglomerate with businesses spanning fast-moving consumer goods including food, personal care, cigarettes and cigars, branded clothing, stationery and educational products, incense sticks and safety matches; Hotels, Cartons and Packaging, Agribusiness and Information Technology. ITC is among the leading fmcg companies in India.

Revenue: Rs 51,321 Cr
Market capitalization: 320,094 Cr.
ROE: 22.69 percent
Sales Growth (3 Years): 7.25 percent
Promoter participation: 0.00 percent
Debt to Equity: 0.00
Price at book value: 5.47
Imperial Tobacco Company- Complete Form

The Company was incorporated on August 24, 1910, under the name of Imperial Tobacco Company of India Limited. On the list of the top 5 FMCG companies in India, it is the second largest.

The Company's name was changed to India Tobacco Company Limited in 1970 and subsequently to I.T.C. Limited in 1974 as ownership of the Company grew increasingly outraged. In recognition of ITC's multi-business portfolio spanning a wide range of businesses, the trailing dots in the Company's name were dropped effective September 18, 2001.

Top 10 FMCG Companies in India [2023]

3. Nestle India Ltd
The biggest food and beverage corporation in the world is Nestlé. The company has more than 2,000 brands ranging from global icons to local favorites, and is present in 191 countries around the world. After an association of over a century with the country, today NESTLÉ India has a presence throughout India with 8 manufacturing plants and 4 branches. It is the third largest in the major consumer goods companies in India.

Revenue: 12,117 Cr
Market capitalization: 139,532 Cr.
ROE: 45.30 percent
Sales Growth (3 Years): 11.37 percent
Promoter participation: 62.76 percent
Debt to Equity: 0.01
Price at book value: 34.93

NESTLÉ India established its first manufacturing facility in Moga, Punjab, in 1961, followed by its manufacturing facility in Choladi, Tamil Nadu, in 1967; Nanjangud (Karnataka), in 1989; Samalkha (Haryana), in 1992; Ponda and Bicholim (Goa), in 1995 and 1997, respectively; and Pantnagar, Uttarakhand, in 2006. In 2012, Nestlé India installed its eighth manufacturing facility in Tahliwal, Himachal Pradesh.

The four branches, which are situated in Delhi, Mumbai, Chennai, and Kolkata, aid in the facilitation of sales and marketing operations. The corporate headquarters of NESTLÉ India are in Gurgaon, Haryana.

Top 10 FMCG Companies in India [2023]

4. Britannia Industries Limited
Britannia Industries is one of India's leading consumer goods companies with a heritage of 100 years. The company is among the most trusted food brands and manufactures India's favorite brands such as Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold which are household names in India. Britannia's product range includes biscuits, bread, cakes and biscuits and dairy products such as cheese, drinks, milk and yoghurts.

Revenue: Rs 11,211 crore
Market value: 75,893 crore
Return on capital: 30.25 percent
Sales growth (3 years): 9.60 percent
Promoter holding: 50.66 percent
Debt to Equity: 0.04
Price at book value: 17.84

Britannia is a brand many generations of Indians have grown up with and our brands are appreciated and loved in India and around the world. Britannia products are available across the country in almost 5 million outlets and reach more than 50 percent of Indian households.

The company's dairy business contributes almost 5 per cent of revenue and delivers British dairy products direct to 100,000 outlets. It ranks 4th on the list of Top 5 FMCG companies in India.

Top 10 FMCG Companies in India [2023]

5. Godrej Consumer Products Limited
Godrej Consumer Products is a leading company in emerging markets. As part of Godrej's youth group of over 122 years. Godrej Consumer Products Ltd cares for 1.15 billion consumers worldwide, across various businesses. It is fifth on the list of top 5 FMCG companies in India.

In line with Godrej Consumer Products' 3 for 3 approach to international expansion, building a presence in three emerging markets (Asia, Africa and Latin America) in three categories (home care, personal care and hair care). The company is among the leading FMCG companies in India.

Revenue: Rs. 10,156 crore
Market value: 75,089 crore
Return on equity: 31.55 percent
Sales growth (3 years): 6.98 percent
Al-Morouj share: 63.24 percent
Debt to Equity: 0.34
Price at book value: 9,90,000

Ranked among the largest household pesticide and hair care companies in emerging markets. In domestic insecticides, being pioneers in India and Indonesia and expanding its presence in Africa. It ranks second for soaps in India, the number one player for air fresheners in India and Indonesia, and the leading manufacturer of wet wipes in Indonesia.

Top 10 FMCG Companies in India [2023]

6. Patanjali Ayurvedic Ltd
Patanjali Ayurved Limited was established in the year 2006 with the aim of rural and urban development. The company is not just an organization but an idea to create a healthy society through Yog and Ayurved.

Revenue: 9022 cr

The company recognizes farmers as an important asset. They sell organic and herbal items through contract farming. The company carries out various initiatives for farmers to increase their income and ensure the sale of their products.

Farmers receive all kinds of technical assistance and necessary information on efficient agriculture. The manufacturing units of the company process consumables such as food, medicines, etc. and are made available to consumers through an extensive network of authorized stores and retail stores in Patanjali.

Top 10 FMCG Companies in India [2023]

7. Dabur India Ltd.
The world's leading and largest Ayurvedic and natural health company with 135 years of rich heritage and experience. It is 6th on FMCG's Top 10 Companies in India 2019 list.

The business is divided into three strategic business units i.e. Consumer Care Business, Food Business and International Business. The consumer care business covers interests in health care, home and personal care. Dabur ranks as the 7th best FMCG brand in India.

Revenue: 8,813 crores
Employees: 7,500
Market value: 83,697 crores
Return on capital: 26.41 crores
Sales growth (3 years): 2.67 crores
Promoter Holding: 67.88 percent
Debt to Equity: 0.11
Price at book value: 13.61

One of the most trusted and famous Ayurvedic brands in the world. Dabur has a strong presence around the world and its products reach consumers, which has resulted in the creation of a unique product range based on natural ingredients. The products enjoy good market shares in categories such as hair oils, hair creams, hair gels, shampoos, dental care, and skin care.

Top 10 FMCG Companies in India [2023]

8. Marico Ltd.
Marico Limited is one of India's leading consumer goods companies in the beauty and wellness industry. It ranks 7th in the list of Top 10 FMCG Companies in India 2019.

Over the past 25 years, Marico has established itself as a leading consumer goods company with a product portfolio spanning hair care, skin care, edible oils, health food, men's care and fabric care. Brands like Parachute, Saffola, Hair & Care, Nihar Naturals, True Roots, Levon, Set Wet, Coco Sol, Kaya Youth.

Revenue: 7465 crores
Employees: 1,600
Market value: 47,842 crores
Return on capital: 39.67 percent
Sales growth (3 years): 6.82 percent
Promoter Holding: 59.60 percent
Debt to Equity: 0.10
Price at book value: 13.54

Top 10 FMCG Companies in India [2023]
9. Varun Beverages Ltd.
The world's second largest franchisor (outside the United States) of carbonated soft drinks ("CSD") and non-carbonated beverages ("NCB") sold under brands owned by PepsiCo and a major player in the beverage industry. It ranks 8th in Top 10 FMCG Companies in India 2020 list.

Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Evervess Soda, Duke's Soda, and Sting are among the PepsiCo CSD brands that Varun Beverages sells.

Income: 6695 crores
Market value: 21,408 crores
Return on capital: 15.74 crores
Sales growth (3 years): 14.58 crores
Promoter Holding: 68.43 crores
Debt to Equity: 1.30
Price at book value: 8.56

In addition, the company has been awarded the Ole brand franchise for PepsiCo products in Sri Lanka. VBL owns 30 factories in India. The company has a turnover of Rs 6,695 crore.

Top 10 FMCG Companies in India [2023]
10. GlaxoSmithKline Consumer Healthcare Limited
GSK Consumer Healthcare Ltd is an associated company of GlaxoSmithKline plc. In the UK, one of the world's largest consumer healthcare companies. One of the world's leading manufacturers of over-the-counter (OTC) medicines.

The company is ranked number one in over-the-counter medicines in 36 markets and is the market leader in specialty oral care. The company has a turnover of Rs 4,869 crore. It ranks 9th in the list of Top 10 FMCG Companies in India 2020.

Revenue: 4942 cr
Market value: 37,727 crores
Return on equity: 25.92 percent
Sales growth (3 years): 4.95 percent
Promoter Holding: 72.46 percent
Debt to Equity: 0.00
Price at book value: 9,06,000

Globally, the company operates in more than 150 markets and has approximately 110,000 employees. Its products treat a wide range of conditions including asthma, infections, heart disease, diabetes and skin diseases and it has the world's largest vaccine business, distributing almost 850 million doses to 170 countries in 2014. GSK has more than 80 manufacturing sites globally and has research and development in two main hubs, in Stevenage, UK, and Philadelphia, USA.


Company Name


Hindustan Unilever Ltd.


ITC Ltd.


Nestle India Ltd.


Britannia Industries Ltd.


Godrej Consumer Products Ltd.


Patanjali Ayurved Limited


Dabur India Ltd.


Marico Ltd.


Varun Beverages Ltd.


GlaxoSmithKline Consumer Healthcare Ltd.

Also Read: Top 5 young and successful Indian entrepreneurs in 2023

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