FMCG accounts for around 10% of the GDP and employs more than 10 mn people in India. This sector is also considered as world’s largest sector. This post will look into some of the Best FMCG stocks in India 2024.
FMCG denotes Fast Moving Consumer Goods. This sector includes daily-use products toothpaste, edible oils, soaps, detergents, oil, shampoo, beverages, beauty products, personal care products, and more. Increasing urbanization, rising middle-class populations, changing lifestyles, and increasing disposable income among consumers have contributed to the rapid growth of FMCG in recent years. As consumer spending power increases, lifestyles change, and disposable income rise, this sector will continue to grow. So here is the list of Best FMCG Stocks in India 2024.
Best FMCG Stocks in India 2024
| Best FMCG Stocks in India | Market Capitilisaztion |
|---|---|
| 1. Nestle India | ₹217,290.70 Cr |
| 2. ITC | ₹552,736.10 Cr |
| 3. Britania | ₹119,730.80 Cr |
| 4. Hindustan Unilever Limited | ₹620,668.10 Cr |
| 5. Dabur | ₹99,827.58 Cr |
| 6. Godrej Consumer Products | ₹105,946.90 Cr |
| 7. Tata Consumer Products | ₹78,115.94 Cr |
| 8. Marico | ₹68,271.18 Cr |
| 9. Colgate-Palmolive (India) Ltd | ₹44,371.74 Cr |
| 10. Procter & Gamble Hygiene and Health Care Ltd | ₹46,183.84 Cr |
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1. Nestle India
Nestle India is a subsidiary brand of the Swiss multinational brand Nestle started its journey in 1959. Whereas its parent company Nestle Was formed in 1866, it has more than 2000 brands across 186 countries. It’s one of the leading FMCG brands in the food and beverages market. Some of the popular brands owned by Nestle are Maggi, Kitkat, Nescafe, etc. Though its 40% revenue comes from infant and baby care foods where Nestle holds almost 95% market share.
Nestle India Fundamentals
| Nestle India | Fundamentals |
|---|---|
| Market Cap | ₹217,290.70 Cr |
| P/E | 85.17 |
| P/B | 67.92 |
| Debt to Equity | 0.01 Cr |
| EV/EBITDA | 49.31% |
| Dividend Yield | 0.98% |
| ROCE | 152.61% |
| ROE | 108.52% |
| Face Value | 10 |
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2. ITC
ITC or Indian tobacco company was established in 1910 as a tobacco brand. This is a diversified conglomerate brand headquartered in Kolkata. It is present across industries such as FMCG, hotels, packaging, paperboards, speciality papers and agribusiness. Some of the popular ITC brands are Sufeast, Vivel, Classmate, Ashirwad etc. Even though its tobacco business remains its major source of income, the company has been diversifying into other sectors mainly FMCG. The Latest acquisition of Sunrise Foods Pvt Ltd reveals this.
ITC Fundamentals
| ITC | Fundamentals |
|---|---|
| Market Cap | ₹552,736.10 Cr |
| P/E | 28.79 |
| P/B | 7.99 |
| Debt to Equity | – |
| EV/EBITDA | 14.17 % |
| Dividend Yield | 3.49 % |
| ROCE | 33.04% |
| ROE | 25.66% |
| Face Value | 1 |
3. Britannia Industries
Founded in 1892 Britannia Industries Limited is one of India’s oldest companies and best known for its biscuit products. This Food Firm manufactures and sells biscuits, bread, cakes, rusk, and dairy items. With a wide distribution network in both rural and urban areas, the company has a strong market position. There are several popular biscuit brands distributed by the company, including Marie, Tiger, and Good.
Britannia Industries Fundamentals
| Britannia Industries | Fundamentals |
|---|---|
| Market Cap | ₹119,730.80 Cr |
| P/E | 51.56 |
| P/B | 33.87 |
| Debt to Equity | 0.91 Cr |
| EV/EBITDA | 32.39% |
| Dividend Yield | 1.45% |
| ROCE | 47.00% |
| ROE | 56.31% |
| Face Value | 1 |
4. Hindustan Unilever Limited
Hindustan Unilever Limited is a subsidiary of Unilever. It was founded in 1931 as Hindustan Vanaspati Manufacturing Co. The company was renamed Hindustan Lever Limited in 1956 after a merger of constituent groups. It was renamed Hindustan Unilever Limited again in June 2007. It also ranks among the top FMCG companies in the world. HUL‘s portfolio includes foods, beverages, cleaning agents, personal care products, and water purifiers.
In addition to its extensive distribution network, the company has a strong marketing and advertising campaign.HUL’s merger with GlaxoSmithKline Consumer helps them to add popular health drinks Horlick and Boost. It further helps them in strengthening their portfolio in the health drink market as well.
Hindustan Unilever Limited
| Hindustan Unilever Limited | Fundamentals |
|---|---|
| Market Cap | ₹620,668.10 Cr |
| P/E | 61.34 |
| P/B | 12.34 |
| Debt to Equity | – |
| EV/EBITDA | 41.82% |
| Dividend Yield | 1.48% |
| ROCE | 20.13% |
| ROE | 26.63% |
| Face Value | 1 |
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5. Dabur
Dabur was founded in Kolkata by Dr S. K. Burman in 1884. The Name Dabur comes from the words Daktar or doctor and Burman. This multinational consumer goods company is widely known for Ayurvedic medicine and natural consumer products. This is also one of the largest FMCG brands in India. About 60% of Dabur’s revenue comes from consumer care, 11% from food, and the remainder from international operations.
Dabur Fundamentals
| Dabur | Fundamentals |
|---|---|
| Market Cap | ₹99,827.58 Cr |
| P/E | 58.40 |
| P/B | 11.11 |
| Debt to Equity | 0.09 Cr |
| EV/EBITDA | 45.96% |
| Dividend Yield | 0.92% |
| ROCE | 32.14% |
| ROE | 26.09% |
| Face Value | 1 |
6. Godrej Consumer Products
Godrej Consumer Products Limited GCPL is a consumer goods company based in Mumbai, India, and is also another big player in the Indian FMCG market. Its product portfolio is mainly driven by personal care and household care products like soap, hair colourants, toiletries and liquid detergents etc.
Its brands include Godrej Number 1, Cinthol, Eaze, Good Knight etc. As a manufacturer of brands such as Cinthoil and Godrej number 1, GCPL ranks 2nd largest on the market after HUL, with a market share of 10-12%. To drive scale and profitability, GCPL has a track record of acquiring strong local brands. This enabled them to strengthen their global presence.
Godrej Consumer Products Fundamentals
| Godrej Consumer Products | Fundamentals |
|---|---|
| Market Cap | ₹105,946.90 Cr |
| P/E | 62.17 |
| P/B | 7.67 |
| Debt to Equity | – |
| EV/EBITDA | 42.31% |
| Dividend Yield | – |
| ROCE | 24.92% |
| ROE | 20.85% |
| Face Value | 1 |
7. Tata Consumer Products
Tata Consumer Product is another of India’s leading FMCG companies owned by Tata Group. It operates mainly in the food and beverages industry. The Indian food & beverage business accounts for about 71% of company-branded business revenues while the other 29% Come international businesses.
In addition to tea, Tata Consumer Products is a major coffee producer and distributor in the world. Some of the brands under Tata Consumer Products are Tata Tea, Tata Gluco+, Himalayan, Tata Coffee, Tata Copper, Tata Salt, Tata Sampann, Tata Soulfull etc.
Among tea brands, Tata Tea is the top seller in India. Whereas Tetley is the top seller in Canada, and it ranks 2nd in the United Kingdom, and the United States. Starbucks Corporation also has a joint venture with it, which aims to expand Starbucks’ retail coffee stores in India.
Tata Consumer Products Fundamentals
| Tata Consumer Products | Fundamentals |
|---|---|
| Market Cap | ₹78,115.94 Cr |
| P/E | 64.88 |
| P/B | 4.81 |
| Debt to Equity | – |
| EV/EBITDA | 43.70% |
| Dividend Yield | 1.01% |
| ROCE | 10.58% |
| ROE | 7.77% |
| Face Value | 1 |
8. Marico
Incorporated in 1988, Marico is another Indian fast moving consumer goods brand. It began its journey with Parachute, a company that sells pure coconut oil and refined edible oils. Over time, it expanded its presence in categories such as hair care, skin care, edible oils, health foods, male grooming, and fabric care.
Marico brands include Revive, Saffola, Livon, Set Wet, and Coco Soul. Marico’s first international office was opened in Dubai in 1992. In 1996, the company was listed on the Indian Stock Exchange.
Marico Fundamentals
| Marico | Fundamentals |
|---|---|
| Market Cap | ₹68,271.18 Cr |
| P/E | 52.51 |
| P/B | 17.99 |
| Debt to Equity | 0.03 Cr |
| EV/EBITDA | 42.06% |
| Dividend Yield | 1.75% |
| ROCE | 45.66% |
| ROE | 38.59% |
| Face Value | 1 |
9. Colgate-Palmolive (India) Ltd
Colgate-Palmolive (India) Limited Leading Indian manufacturer and distributor of dental care, personal care, and home care products. The company is part of the US-based Colgate-Palmolive Corporation. The market share of Colgate dropped to 51% after Patanjali Ayurveda dominated the market with its entire line of Ayurvedic products. Though later Colgate gains its position by introducing its new Ayurvedic product lineup.
Colgate-Palmolive (India) Ltd Fundamentals
| Colgate-Palmolive (India) Ltd | Fundamentals |
|---|---|
| Market Cap | ₹44,371.74Cr |
| P/E | 101.95 |
| P/B | – |
| Debt to Equity | – |
| EV/EBITDA | 25.86% |
| Dividend Yield | 2.39% |
| ROCE | 97.56% |
| ROE | 74.40% |
| Face Value | 1 |
10. Procter & Gamble Hygiene and Health Care Ltd
Procter & Gamble Hygiene and Health Care Ltd is a subsidiary brand of American multinational consumer goods The Procter & Gamble Company (P&G). P&G was founded by William Procter and James Gamble in 1837. This company offers a wide range of products relating to personal health, hygiene, and consumer health.
This can be categorized into the following categories: beauty, grooming, health care, fabric and home care, and baby, feminine, and family products. Some of the well-known brands owned by the firm are Olay, Oral-B, Whisper, Vicks, Pantene, Head&shoulder, Gillette, Tide, Ariel and Pampers.
Procter & Gamble Hygiene and Health Care Ltd Fundamentals
| Procter & Gamble Hygiene and Health Care Ltd | Fundamentals |
|---|---|
| Market Cap | ₹46,183.84 Cr |
| P/E | 81.05 |
| P/B | 43.79 |
| Debt to Equity | – |
| EV/EBITDA | 50.19% |
| Dividend Yield | 1.13% |
| ROCE | 110.39% |
| ROE | 83.30% |
| Face Value | 1 |
FAQs: Best FMCG Stocks in India 2024
To analyse FMCG stock you have to consider multiple factors like supply chain, distribution network, financial performance, fundamental ratio etc.
HUL or Hindustan Unilever is the largest FMCG company in India, it had a presence in the Indian market for over 80 years.
Fast Moving Consumer Goods are widely considered to be defensive industries. FMCG companies are also usually very stable, even during times of market volatility. However low consumer spending power, government regulations, and a highly competitive market environment are some risks that one should consider while investing in this sector.
FMCG Products are daily usage products like food beverages, house and personal care products etc.
Disclaimer
The investment options and stocks mentioned here are not recommendations. Please go through your due diligence and conduct thorough research before investing. Investment in the securities market is subject to market risks. Please read the Risk Disclosure documents carefully before investing. Past performance of instruments/securities does not indicate their future performance. Due to the price fluctuation risk and the market risk, there is no guarantee that your investment objectives will be achieved.
