Domestic FMCG firms outpace MNCs in revenue in FY16: Report
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.
New Delhi: 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.
As per a Assocham-TechSci Research report, the combined revenue of select seven Indian FMCG companies during 2015-16 stood at USD 11,066.46 million (over Rs 73,835 crore), while that of select seven MNCs was at USD 9,436.66 million (over Rs 62,961 crore).
Among the domestic FMCG majors, ITC Ltd reported a revenue of USD 5,944.79 million, while Britannia Industries Ltd's revenue was at USD 1,222.75 million, the report said.
Dabur India's revenue stood at USD 884.62 million and Godrej Consumer Products Ltd reported a revenue of USD 740.24 million. Marico's revenue was at USD 761.14 million while that of Amul was USD 743.69 million.
"The performance of Patanjali Ayurved has been unmatched and leaves behind all its competitors in the segment with record growth of 146.31 percent in the revenue on year-on-year basis. Patanjali Ayurved achieved the revenue of USD 769.23 million during 2015-16," the report said.
On the other hand, revenues of multinational companies such as Hindustan Unilever Ltd stood at USD 4,921.10 million, while Procter & Gamble Hygiene & Health Care Ltd reported revenue of USD 382.20 million, it said.
Glaxosmithkline Consumer Healthcare Ltd's revenue was at USD 662.88 million, while revenues of Colgate-Palmolive (India ) Ltd's and Gillette stood at USD 640.35 million and USD 321.62 million, respectively.
As per the study, Nestle's revenue was at USD 1,257.74 million and PepsiCo India reported a revenue of USD 1,250.77 million