Top 10 FMCG Companies in India by Market Capitalization 2025

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 behaviour 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 9th January 2025.

Top 10 FMCG Companies in India

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %
1	Hind. Unilever	2435.65	55.72	572624.01	1.72	2595.00	-2.14	15926.00	1.94	27.24
2	Nestle India	2260.55	68.65	218026.21	0.69	986.36	-7.40	5104.00	1.33	169.08
3	Varun Beverages	605.00	80.52	204631.92	0.17	628.82	23.66	4804.68	24.14	28.82
4	Godrej Consumer	1183.75	66.95	121056.67	1.27	491.31	12.18	3666.33	1.79	19.02
5	Britannia Inds.	4926.15	55.24	118696.86	1.49	531.55	-9.37	4667.57	5.29	48.92
6	Dabur India	520.05	52.39	92178.21	1.06	417.52	-17.66	3028.59	-5.47	22.28
7	Colgate-Palmoliv	2885.00	53.39	78428.49	1.66	395.05	16.17	1619.11	10.06	96.80
8	P & G Hygiene	14834.90	71.14	48110.83	1.32	211.90	0.57	1135.16	-0.28	112.44
9	Gillette India	9688.00	69.86	31577.24	0.46	133.01	43.50	781.82	17.12	58.91
10	Emami	598.45	33.84	26135.78	1.33	210.99	18.20	890.59	2.97	31.72

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 ₹5,49,498.90 Cr as of 2024 December.

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 ₹217894.74 Crore.

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   ₹221827.03 Crore.

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 ₹121062.82 Crore Market capitalization.

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 of ₹119229.81 Crore, putting it among top 10 fmcg companies in India.

Darbur India Ltd

Darbur India Ltd., is a prominent one of top 10 fmcg companies in India, founded by  Ayurvedic practitioner S. K. Burman in 1884. They specialize in Ayurvedic products, initially developed by Dr. Burman to treat diseases like cholera and malaria. The company name combines “Da” means doctor and “Bur” from “Burman”.

Darbur has expanded its product range which now includes personal care, health supplements, food and beverages. The company now operates over 120 countries and has a portfolio of 250 herbal and Ayurvedic products.

On October 30, 2024, Dabur India declared a merger with Sesa Care by acquiring 51% of preference shares of Rs 12.59 Crore. It have market capitalization of  ₹92187.05 Crore

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  ₹79400.75 Crore 

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 ₹49,204.01 Cr. 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 

Emami Limited

Emami Limited is one of top 10 fmcg companies in India, serving over 500 products across 20+ trusted brands including well known products like Navratna, BoroPlus, and Zandu.  

Emami was founded in 1970 and is spread around 70+ countries, with 5 operating units and backed by 3,200+ distributors, with its market presence in natural and ayurvedic formulations blended with its powerful brand image. These above characteristics solidifies it’s among leading FMCG players in India, with current market capitalization as of january 2025 being  ₹ 26122.30 Crore.

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.