Ruchi Soya, ITC in Deloitte's global top 250 product cos list
Mumbai: Edible oil manufacturer Ruchi Soya and FMCG major ITC have found place among the top 250 consumer products companies of the world, according to consultancy firm Deloitte.
While Ruchi Soya improved its ranking to 121 from 175 last year in the 'Global Powers of the Consumer Products Industry 2013' list of Deloitte Touche Tohmatsu, ITC stood 150, a fall from it earlier ranking of 143.
"While the global economic scenario will favour some and be harsh on others, companies that understand and cater to changing consumer needs will always have opportunities to profit," Deloitte India Senior Director Gaurav Gupta said in a statement.
The world's 250 largest consumer products companies grew by seven percent in fiscal year 2011 (which encompasses fiscal year ended through June 2012) despite global economic uncertainty, with total sales exceeding USD three trillion, up from USD 2.82 trillion in fiscal year 2010.
"The global economy has witnessed several challenges, including inflation, the euro crisis, and natural disasters. Healthy consumer product sales are an indicator that the global economy may be cautiously rebounding," Deloitte Services US Director of Global Economics Ira Kalish said.
Korean electronics maker Samsung topped the global list, followed by iPhone maker Apple and Panasonic.