Top 10 FMCG Companies in India [2025 New Updated List]

FMCG ( fast-moving consumer goods ) in India are one of the backbone in Indian share of consumption. Products ranging from food and beverages to personal care products, FMCG have a prevalent presence in daily life of an Indian. Top 10 FMCG companies in India had shaped this sector to become the fourth largest sector in the Indian economy. Top brands like  Hindustan Unilever, Varun Beverages and Nestle India have become daily household names synonymous to various consumer products impacting the consumer behavior of an Indian.

In 2024, FMCG sector has a slow growth, due to price hikes. Revival of consumer demand is anticipated in 2025, with FMCG brand strategizing to improve consumer sentiment as the economy recovers and grows. The FMCG market is projected to reach $220 billion by 2025, with 14.9% CAGR.

Here in this blog, we will discuss the top 10 FMCG companies in India sorted by Market capitalization as of 22nd January 2025.

Top 10 FMCG Companies in India 2025

Stock Name	Market Cap	P/E Ratio	EPS	52 Week High	52 Week Low
ITC Limited	5.48 trillion INR	26.78	16.42	528.50	399.35
Hindustan Unilever Limited (HUL)	5.50 trillion INR	54.04	43.71	3,035.00	2,172.05
Varun Beverages	1.81 trillion INR	71.48	7.82	681.12	478.56
Nestle India	2.13 trillion INR	66.06	33.56	2,778.00	2,145.40
Britannia Industries	1.19 trillion INR	54.93	88.48	6,469.90	4,641.00
Godrej Consumer Products Limited (GCPL)	1.17 trillion INR	–	-3.63	1,541.85	1,055.05
Tata Consumer Products Limited	957.70 billion INR	79.95	11.91	1,253.69	882.90
Marico Limited	864.68 billion INR	54.09	12.26	719.85	486.30
Colgate-Palmolive (India) Limited	746.86 billion INR	49.85	54.01	3,890.00	2,378.90
Procter & Gamble Hygiene and Health Care Ltd.	476.80 billion INR	70.84	208.32	17,745.00	14,405.55

Hindustan Unilever

Hindustan Unilever Limited (HUL) is counted among the top 10 FMCG companies in India. It was started in 1933 as an offshoot of British multinational company, Unilever. HUL enjoys a great standing for providing a variety of celebrated brands across many categories like food items, drinks and personal care products. Its popular items are Lifebuoy soap, Dove beauty bar, Surf Excel detergent and Lipton tea. Being a highly reliable FMCG brand in India, HUL possesses a wide distribution network that covers urban as well as rural regions. This guarantees its broad market presence across the entire nation.

On November 25, 2024, Hindustan Unilever Limited’s Board decided to demerge their Ice Cream business into separate entities. These demerger will list brands like  Kwality Wall’s and Magnum, into a separate listed entity in the stock market.

On December 18, 2024, Hindustan Unilever Limited won CII Grand Jury Award for Industry-Academia Partnership, for undertaking collaborative research for major COVID-19 vaccine studies in top journals.  Currently it holds a market capitalization of 5.50 trillion INR as of 2025 January.

ITC Limited

ITC Limited, founded in 1910 and headquartered in Kolkata, has become one of the top 10 FMCG companies in India. Its origin is tobacco, and it is still the world’s third-largest tobacco company. 

It operates under the leadership of Chairman & MD Sanjiv Puri, and  spans across six distinct business segments: Fast-moving consumer goods(FMCG), hotels, agribusiness, IT services, paper products manufacturing, and packaging solutions.

ITC holds famous well known brands in it’s portfolio, like Aashirvaad, Sunfeast, Savlon, and Fiama Di Wills, which are distributed through its extensive retail network spanning over six million outlets across India and also have presence abroad. Currently it holds market capitalization of 5.48 trillion INR.

On January 17, 2025, ITC Chairman Sanjiv Puri highlighted the importance of vision over hours in one’s professional life during his speech at an event, promoting flexible working environments such as their two-day work-from-home policy implemented by companies like L&T chief SN Subrahmanyan. 

His remarks sparked a debate on India’s work culture and its impact on the balance between personal time (work) with professional commitments after his comments contrasting views from Narayana Murthy, and Gautam Adani among others in business circles who have expressed their opinions about this issue recently which has been gaining attention across various sectors.

Nestle India

Nestle India, is a very well known household brand name with famous products like Maggie, nestcafe and Kit kat. Nestlé India has operated as a subsidiary under Nestlé Holdings Ltd since March 28, 1959, established by Nestlé Alimentana S.A.  It has rapidly expanded to become one of top 10 fmcg companies in India, by gaining market dominance in the Indian food and beverage market.

On December 19, 2024, Nestle India  declared their stance that  Switzerland’s suspension of India’s MFN status under the Double Taxation Avoidance Agreement (DTAA) will have no impact on the company.

On October 7, 2024, Nestle India chose Manish Tiwary, former Amazon India country manager to succeed Suresh Narayanana as Managing Director effective from August 1, 2025.

On December 19, 2024, Nestlé India announced a new lineup of products, advertised as no refined sugar Cerelac. As of latest market  information and status it’s current market capitalization is 2.13 trillion INR.

Britannia Industries

Britannia Industries, a dominant player in biscuits, bread and dairy products industry. Founded in 1892 is one of oldest companies in India, operates under Wadia group. It has a truly global presence, operating in 80 countries, and has conquered the FMCG sector significantly, with iconic products like Good Day and Marie Gold biscuits in its product catalog. Currently it has market capitalization of1.19 trillion INR putting it among top 10 fmcg companies in India.

Varun Beverages Ltd (VBL)

Varun beverages Ltd ( VBL ) is one of top 10 fmcg companies in India. The company became a subsidiary of RJ Corp in 1995, they are the largest bottling company for PepsiCo’s beverages outside the USA, catering to famous well known products like Pepsi, 7 up, Mountain Dew and Mirinda. In India Varun beverages have operations spanned across 27 States and 7 Union territories, accounting for 90% sales of PepsiCo’s beverages by volume, also they have operations over 13 countries. Apart from carbonated soft drinks they distribute

Tropicana and Tropicana Slice fruit juice brands, Gatorade sports-themed beverages, Sting energy drinks, Creambell milkshakes, Duke’s club soda, Lipton ready-to-drink ice tea, and Aquafina brand of bottled water.  Currently it holds a market capitalization of 1.81 trillion INR.

Godrej consumer products Limited

Godrej consumer products Limited, have popular brands under it, so popular that it  is found in almost every Indian household, products like ‘Cinthol’, ‘Godrej Fair Glow’, ‘Godrej No.1’ and ‘Godrej Shikakai’ in soaps. Its brands had become synonyms for its original products. Being one of top 10 fmcg companies in India, it has branches over 85 countries and serves 1.2 billion consumers. As of January 2025, it holds 1.17 trillion INR Market capitalization.

Marico Limited 

Marico Limited is headquartered in Mumbai, being one of top fmcg companies in India, it  specializes in health, beauty, and wellness products through their presence across over 25 countries including Asia and Africa with iconic brands like Parachute, Saffola, Nihar, Livon, Hair & Care, Set Wet, Mediker, Revive. Founded by Harsh Mariwala back in 1980, the company has grown through strategic acquisitions as well as innovative product offerings and was listed on Indian stock exchanges since 1996. As of January 2025, it holds a market capitalization of 864.68 billion INR.

Under the leadership of Chairman Harsh Mariwala, Managing Director & CEO Saugata Gupta from 2014.The company has strengthened its position in the FMCG sector. Known for its commitment to innovation and consumer satisfaction.

Colgate-Palmolive

Colgate-Palmolive company is mainly recognized because of their toothpaste product. This firm was established in the year 1937, and since then it has grown significantly to be one among the biggest fast-moving consumer goods companies in India. Now, this brand has become very common in every home with its popular products like Colgate Total and Colgate herbal under its name. The main office for this Company is located in Mumbai city while manufacturing facilities have been set up at Himachal Pradesh and Goa regions. As per latest market information it holds approx 746.86 billion INR.

On the date of October 24, 2024, Colgate-Palmolive granted approval for their first intermediate dividend amounting to ₹24 towards every equity share. Men and women holding shares will get repayments starting from November 21, 2024, provided they have done registration by November 4, 2024.

Procter & Gamble

Procter & Gamble (P&G) India has transformed from its 1985 acquisition of Richardson Hindustan into a dominant FMCG player, boasting a market capitalization of 476.80 billion INR. The company’s success lies in its diverse portfolio of trusted household brands – from personal care products like Whisper and Old Spice to home care solutions like Tide, and healthcare offerings like Vicks. Known for consistent quality and innovation, P&G has deeply understood Indian consumer needs. The company stands out not just for its market performance but also for its progressive workplace culture, consistently earning recognition as a top employer for women professionals while maintaining strong distribution networks across India.

Gillette India Ltd

Gillette India Ltd., has established itself with a very renowned  Shaving Products, operates under the subsidiary of Procter & Gamble. The company has brands covering personal grooming and oral care products, including razors, blades and toothbrushes. Being one of top 10 fmcg companies in India, it has its manufacturing units located in Bhiwadi, Rajasthan, and Baddi.

With its most successful product that is Gillette Guard razor launched since 2010, is designed for gaining market position in the grooming industry. Known for its affordability and ease of use design. They are known to thrive in the local market with their expansive distributive networks of local kiranas.

On December 3, 2024 Gillette India Limited’s shareholders declared the appointment of Ms Srividya Srinivasan to join as Executive Director following the company’s 40th Annual General Meeting. As of january 2025, it have market capitalization of ₹31573.19 Crore 

Tata Consumer Products Limited (TCPL)

Tata Consumer Products Limited (TCPL), is among the top FMCG companies in India under India’s renowned conglomerate – The TATA Group is headquartered in Mumbai and has made a mark as a leading global market player with a diverse product portfolio spanning beverages, packaged foods staples. It’s the world’s second-largest tea manufacturer and distributor of iconic brands including names like Tata Tea, Tetley Himalayan Water & more.

In 2025, the Company reported robust growth with a consolidated annual turnover of approximately Rs. 15,206 crores and a net profit of Rs 223.01 crore in Q2 FY25, resulting in an 18.58% increment. With over 957.70 billion INR as its current market capitalization, Tata Consumer Products Limited (TCPL) has been consistently expanding into various segments of India’s FMCG industry, maintaining a strong presence and growing its influence in the competitive Indian consumer goods landscape.

Conclusion

These top FMCG companies in India have played pivotal roles in shaping the market of consumer products in India. With popular companies like Varun Beverages to household names like Dabur, the sector has evolved into the fourth largest in the Indian economy.

These companies have not only created strong market presence but have also adapted to changing consumer needs through continuous innovation and expansion. As the FMCG market projects growth to $220 billion by 2025 with 14.9% CAGR, these industry leaders are well-positioned to drive this growth through their robust distribution networks, product diversification, and strategic market penetration across both urban and rural India.