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The country’s seven leading FMCG companies have fared better than their multinational peers in terms of revenue growth in India during 2015-16 fiscal, says a report.
According to an Assocham–TechSci Research report, the combined revenue of select seven Indian FMCG companies during 2015–16 stood at $11,066.46 million (over ₹73,835 crore), while that of select seven MNCs was at $9,436.66 million (over ₹62,961 crore).
Among the domestic FMCG majors, ITC reported a revenue of $5,944.79 million, while Britannia Industries’ revenue was at $1,222.75 million, the report said. Dabur India’s revenue stood at $884.62 million and Godrej Consumer Products reported a revenue of $740.24 million. Marico’s revenue was at $761.14 million while that of Amul was $743.69 million.
Patanjali beats all
“The performance of Patanjali Ayurved has been unmatched and leaves behind all its competitors in the segment with record growth of 146.31 per cent in the revenue on year-on-year basis. Patanjali Ayurved achieved the revenue of $769.23 million during 2015–16,” the report said.
On the other hand, revenues of multinational companies such as Hindustan Unilever stood at $4,921.10 million, while Procter & Gamble reported revenue of $382.20 million, it said.
GlaxoSmithKline Consumer Healthcare’s revenue was at $662.88 million, while revenues of Colgate–Palmolive’s and Gillette stood at $640.35 million and $321.62 million, respectively.
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