10 Best FMCG Companies in India in 2023
Fast-moving consumer goods (FMCG) companies have a major presence in the Indian economy. These companies produce products that are consumed quickly by consumers, including food and beverages, household care items, health and beauty products, and more. In 2021, the FMCG sector accounted for nearly 25% of India’s retail market, making it one of the most influential industries in the country.
Here is a look at the Top 10 FMCG companies in India in 2023:
Among FMCG companies in India, Colgate-Palmolive is a formidable presence. Founded in 1937 and providing oral care, personal care, and home care products ever since this leading multinational company has seen exceptional growth over the decades and is projected to generate a revenue of around $17 billion by the year 2022. Products from Colgate-Palmolive include Oral Care, Personal Care & Deodorants, Home Care & Industrial Cleaning Solutions, and Pet Nutrition solutions.
Focusing on developing FMCG products that make people’s lives healthier and more enjoyable while utilizing effective marketing campaigns to reach their worldwide consumers has made them a worldwide FMCG leader. In 2021, Colgate-Palmolive acquired Zenogest S.p.A., an Italian oral care company, and expanded its international presence into the European market.
2. ITC Limited:
Established in 1910 as Imperial Tobacco Company by Lord William Leverhulme of England’s Lever Brothers company—today is known as Unilever—ITC has become one of India’s biggest FMCG companies. Headquartered in Kolkata, ITC Limited generated an impressive $7 billion in revenue in 2022. Employing more than 36,000 talented professionals, they are one of the leading organizations in their industry.
ITC produces an extensive range of fast-moving consumer goods like cigarettes, food products such as ready-to-eat foods snacks, or beverages under brand names like Sunfeast biscuits or Yippee noodles; personal care items such as shampoos or talcum powders; stationery items like notebooks or writing materials; agarbatti (incense sticks); lifestyle equipment such as kitchenware or home furnishings; wellness products such as nutritional supplements; homecare items like dish wash bars/liquids; fabric care items such as laundry detergents/fabric softeners; among others.
3. Hindustan Unilever Limited (HUL):
HUL is India’s largest FMCG company and has been in operation since 1933. Headquartered in Mumbai, It manufactures over 1,600 different types of products. According to its annual report, HUL generated revenue of $6.6 billion in 2022, making it one of the most successful FMCG businesses in India. Boasting a workforce of over 21000, they are one of the largest companies in their sector.
The company produces popular household products such as Surf Excel detergents, Surf Excel Quick Wash, Lipton Tea and Lipton Ice Tea, Magnum ice cream, and Kwality Walls Cornetto ice cream amongst other much-celebrated brands making them ubiquitous across Indian households. HUL also offers some of the most essential healthcare products such as Lifebuoy soap and handwash as well as Pure It water purifiers. HUL has a strong presence in rural markets as well as urban areas across India. With a strong presence in over 22 countries, HUL certainly stands out as one of the leaders in FMCG markets throughout India and beyond.
4. Amul India
Amul is India’s most successful dairy company, generating an impressive $6.5 billion in revenue in 2022. Established in 1946, the Gujarat Cooperative Milk Marketing Federation (GCMMF) today known as Amul, has become one of India’s fastest-growing FMCG companies. Employing over 11000 professionals across India, they are one of the leaders in their sector and have a strong presence in both rural markets as well as urban areas throughout the country.
Their extensive range of dairy products includes milk powders such as Amulya; ghee like Cow Ghee or Gold Ghee; butter such as Amul Butter Unsalted or Amul Lite; flavored milk drinks like Taaza Mazza; curd like Amul Masala Dahi; ice-creams such as Kool Koko or Millionaires in various flavors; yogurts such as Amul Masti Spiced Lassi etc. Amul also produces a range of other products such as snacks, healthy energy drinks, spreads, and more.
5. Nestle India Ltd.:
Nestle is one of the world’s largest food brands with operations in 187 countries across the globe including India where it has been operating since 1959. Nestle India generated an impressive $2 billion in revenue in 2022 by increasing their workforce to 7500+.
Its product portfolio includes Maggi noodles and soups; cereals such as Nesquik cereal bars; chocolates like KitKat bars; baby food lines like Lactogen powdered formula milk for infants; dairy products such as Everyday Dairy Whitener milk powder or Milkmaid condensed milk; cooking oils like Sunflower oil or Rice Bran oil; beverage brands such as Nescafe instant coffee mixes etc.; pet food ranges including Dog Chow dry dog food kibbles etc.; among other categories catering to various segments from infants to adults alike.
6. Britannia Industries Limited
Established in 1892, Britannia is an FMCG company with operations in India and other parts of the world. Its product portfolio includes bread such as Britannia 50-50; cakes like Marie Gold; biscuits such as Good Day or Hide & Seek; dairy products like Cheese Slices or Toned milk etc.; along with other categories catering to various segments from infants to adults alike. In 2022, Britannia generated impressive revenue of around $1.9 billion across India and overseas with over 10,000 professionals employed worldwide.
It has also diversified into newer sectors such as health foods and beverages through its brand Nutrichoice. In 2021, Britannia acquired the Indian food retail chain ‘Nature Fresh’ which further strengthened its presence in the food retail sector. The company is known to be a leader in innovation with new products and campaigns being developed every year.
7. Tata Consumer Products Limited
Founded in 1962, Tata Consumer Products Limited is an FMCG company. Its product portfolio includes tea such as Tetley; coffee such as Eight O’Clock; water such as Himalayan; food products like salt and spices, etc.; along with other categories catering to various segments from infants to adults alike. In 2022, Tata generated impressive revenue of around $1.6 billion across India with over 6,000 professionals employed worldwide.
It has also diversified into newer sectors such as health foods and beverages through its brand Good Earth. In 2021, it acquired Kottaram Agro Foods which further strengthened its presence in the organic food sector. The company is known to be a leader in innovation with new products and campaigns being developed every year.
8. Godrej Consumer Products Ltd.:
Established in 2001, Godrej is an FMCG company with operations in India, South Africa, Latin America, the Middle East, and parts of the Asia-Pacific region. Its product portfolio includes hair colors/dyes such as Easy 5’N’1 Color Me Natural hair color; soaps like Cinthol bathing bars; air fresheners such as Good Knight advanced liquid vaporizers; mosquito repellents such as Good Knight Activ+ Systems; fabric care items like Ezee detergents/fabric softeners etc.; among other categories catering to various segments from infants to adults alike.
Godrej generated an impressive $1.6 billion in revenue in 2022 with operations across the globe and employs more than 4,500 professionals worldwide. The company is known to combine traditional Indian values with modern science and technology for the development of its products. In 2021, it acquired Natures Co., a natural beauty & wellness brand, and acquired The Yardley Company, a British heritage brand, in 2018.
9. Dabur India Ltd.:
Established in 1884 by Dr. S.K Burman, Dabur is an Ayurveda-based FMCG company with operations in India and overseas. Its product portfolio includes health supplements like Chyawanprash; oral care products such as Dabur Red toothpaste; hair oils such as Dabur Amla Hair oil; skin care creams like Gulabari Rose Skin cream; family healthcare products like Honitus throat drops etc.; a range of Ayurvedic medicines and many other categories catering to various segments from infants to adults alike.
Dabur India generated an impressive $1.4 billion in revenue in 2022 and employed over 10,000 professionals across the country. The company has also diversified into newer sectors such as biopharmaceuticals, food and nutrition, homecare, etc.
10. Marico Limited:
Established in 1990, Marico is an FMCG company that manufactures food, grooming, and beauty products such as Saffola cooking oils/instant mixes; hair oils like Parachute Advanced Jasmine Hair oil or Livon Serum; grooming products like Setwet deodorants or Wild Stone talcum powders; skincare creams and lotions such as Hair & Care oil; food brands like Value added Rice or Curry Masala, etc., besides a range of other categories catering to various segments from infants to adults alike.
Marico generated an impressive $1.3 billion in revenue in 2022 with operations across India and overseas. The company employs over 5,000 professionals across the world. They also have a presence in the beauty and wellness sector through their Kaya brand of products. In 2021, Marico acquired the South African grooming brand ‘Natures’ which further strengthened its international footprint.
These are some of the leading FMCG companies in India that have been making waves in the market for many years now. With their focus on quality, innovation, and marketing strategies, these companies have gained tremendous success and continue to set the bar for customer satisfaction in the FMCG sector.
They are also actively investing in new technologies, acquisitions, and marketing campaigns that will further strengthen their presence in the market. With their commitment to making a difference in people’s lives, these companies have become an integral part of India’s FMCG industry.
As we can see from this list of top 10 FMCG companies in India for 2023, these businesses are some of the most powerful forces driving economic growth in the country today. With their vast product portfolios ranging from everyday staples to luxury goods for special occasions, these companies have an immense influence on Indian consumers’ buying habits—and that influence only promises to grow bigger over time!
For anyone looking to invest in an industry with long-term potential for growth and success, investing in FMCG stocks is certainly worth considering!