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.
As per an 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, while Britannia Industries Ltd's revenue was at $ 1,222.75 million, the report said.
Dabur India's revenue stood at $ 884.62 million and Godrej Consumer Products Ltd reported a revenue of $ 740.24 million. Marico's revenue was at $ 761.14 million while that of Amul was $ 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 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 Ltd stood at $ 4,921.10 million, while Procter & Gamble Hygiene & Health Care Ltd reported revenue of $ 382.20 million, it said.
Glaxosmithkline Consumer Healthcare Ltd's revenue was at $ 662.88 million, while revenues of Colgate-Palmolive (India ) Ltd's and Gillette stood at $ 640.35 million and $ 321.62 million, respectively.
As per the study, Nestle's revenue was at $ 1,257.74 million and PepsiCo India reported a revenue of $ 1,250.77 million.