Domestic FMCG Firms Log More Revenue Than MNCs In 2015-16: Report
7 domestic FMCG firms saw more revenue growth than MNCs, says a report Revenue of Patanjali, 6 other FMCG firms stood at $11,066 million in FY16 Patanjali performance 'unmatched', says Assocham-TechSci Research report
New Delhi: India's seven leading FMCG companies have fared better than their multinational peers in terms of revenue growth in the country during fiscal year 2015-16, says a report.
As per the 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.