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Domestic FMCG firms log more revenue than MNCs 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.

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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 $11,066.46 million (over Rs 73,835 crore), while that of select seven MNCs was at $9,436.66 million (over Rs 62,961 crore).

Among the domestic FMCG majors, ITC Ltd reported a revenue of $5,944.79 million (nearly Rs 39549.2 crore), while Britannia Industries Ltd's revenue was at $1,222.75 million (nearly Rs ​8134.7 crore), the report said.

Dabur India's revenue stood at $884.62 million (nearly Rs ​5885.15 crore) and Godrej Consumer Products Ltd reported a revenue of $740.24 million (nearly Rs 4924.63 crore). Marico's revenue was at $761.14 million (nearly Rs 5063.67 crore) while that of Amul was $743.69 million (nearly Rs 4947.58 crore).

"The performance of Patanjali Ayurved has been unmatched and leaves behind all its competitors in the segment with record growth of 146.31% in the revenue on year-on-year basis. Patanjali Ayurved achieved the revenue of $769.23 million (nearly Rs ​5117.49 crore) during 2015-16," the report said.

On the other hand, revenues of multinational companies such as Hindustan Unilever Ltd stood at $4,921.10 million (nearly Rs ​32738.8 crore), while Procter & Gamble Hygiene & Health Care Ltd reported revenue of $382.20 million (nearly Rs 2542.68 crore), it said.

Glaxosmithkline Consumer Healthcare Ltd's revenue was at $662.88 million (nearly Rs ​4409.97 crore), while revenues of Colgate-Palmolive (India ) Ltd's and Gillette stood at $640.35 million (nearly Rs 4260.08 crore) and $321.62 million (nearly Rs ​2139.65 crore), respectively.

As per the study, Nestle's revenue was at $1,257.74 million (nearly Rs ​8367.42 crore) and PepsiCo India reported a revenue of $1,250.77 million (nearly Rs 8321.06 crore). 

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