Sector analysis · India
FMCG sector earnings growth, Q1 FY25
The 20 largest Fast Moving Consumer Goods companies by market cap at the end of Q1 FY25 (30 Jun 2024), compared with Q1 FY24.
The top 20 at Q1 FY25
Q1 FY25 vs Q1 FY24: combined net profit ₹14,296 cr (+10%), median EPS +10% (16 of 20 up), market-cap-weighted price −40%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Hindustan Unilever Limited | 22.1% | 10.87 → 11.11 | +2% | +0.4 pp | −8% |
| 2 | ITC Limited | 20.2% | 4.10 → 4.08 | 0% | −0.1 pp | −6% |
| 3 | Nestle India Limited | 9.3% | 3.62 → 3.87 | +7% | +0.4 pp | −89% |
| 4 | Varun Beverages Limited | 8.0% | 3.06 → 3.86 | +26% | +2.0 pp | +103% |
| 5 | Godrej Consumer Products Limited | 5.3% | 3.12 → 4.41 | +41% | +1.0 pp | +27% |
| 6 | Britannia Industries Limited | 5.0% | 19.00 → 20.99 | +10% | +0.4 pp | +9% |
| 7 | Dabur India | 4.0% | 2.62 → 2.82 | +8% | +0.3 pp | +5% |
| 8 | Tata Consumer Products Limited | 4.0% | 3.28 → 2.93 | −11% | −0.2 pp | +27% |
| 9 | United Spirits Limited | 3.5% | 6.55 → 6.67 | +2% | +0.1 pp | +40% |
| 10 | Marico Limited | 3.0% | 3.30 → 3.58 | +8% | +0.3 pp | +15% |
| 11 | Colgate Palmolive (India) Limited | 2.9% | 10.06 → 13.38 | +33% | +0.7 pp | +68% |
| 12 | Patanjali Foods Limited | 2.2% | 0.81 → 2.42 | +199% | +1.3 pp | +34% |
| 13 | Procter & Gamble Hygiene and Health Care Limited | 2.0% | 46.59 → 24.97 | −46% | −0.5 pp | +16% |
| 14 | United Breweries Limited | 2.0% | 5.16 → 6.56 | +27% | +0.3 pp | +31% |
| 15 | AWL Agri Business Limited | 1.6% | −0.61 → 2.41 | turned profitable | +3.0 pp | −19% |
| 16 | Emami | 1.1% | 3.14 → 3.50 | +11% | +0.1 pp | +62% |
| 17 | Radico Khaitan Limited | 0.9% | 5.11 → 5.79 | +13% | +0.1 pp | +48% |
| 18 | Gillette India Limited | 0.9% | 28.16 → 35.59 | +26% | +0.2 pp | +43% |
| 19 | Hatsun Agro | 0.9% | 3.60 → 5.86 | +63% | +0.4 pp | +11% |
| 20 | Godfrey Phillips India Limited | 0.8% | 16.31 → 14.65 | −10% one-off | −0.2 pp | +145% |
| Sector earnings growth | 100% | +9.7 pp |
Who joined and who left
1 joined and 1 left the top 20 since Q4 FY24, as market caps moved.
Joined the top 20 since Q4 FY24
Left the top 20 since Q4 FY24
- Jyothy Labs
EPS growth by company, Q2 FY24 to Q1 FY27
Each company's EPS growth year on year, every quarter it was in the top 20.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HINDUNILVR | 0% | +1% | −2% | +2% | −2% | +19% | −4% | +6% | +4% | +121% | +21% | −3% |
| ITC | +5% | +6% | −1% | 0% | +2% | −8% | +284% | +3% | +3% | 0% | −73% | −16% |
| NESTLEIND | +36% | +4% | +27% | +7% | +9% | +6% | −5% | −12% | −24% | +46% | +26% | +48% |
| VBL | +32% | +78% | +25% | +26% | +24% | +34% | +30% | +1% | +15% | +35% | +20% | +16% |
| GODREJCP | +21% | +6% | to loss | +41% | +13% | −14% | turned profitable | 0% | −6% | 0% | +10% | +12% |
| BRITANNIA | +19% | −40% | −4% | +10% | −10% | +5% | +4% | +3% | +23% | +17% | +21% | +14% |
| DABUR | +5% | +6% | +16% | +8% | −18% | +3% | −8% | +3% | +6% | +7% | +15% | +15% |
| TATACONSUM | +2% | −21% | −21% | −11% | +5% | −2% | +59% | +15% | +11% | +38% | +21% | +28% |
| UNITDSPR | −39% | +63% | +135% | +2% | +1% | −4% | +75% | −14% | +36% | +25% | +28% | +11% |
| MARICO | +17% | +17% | +5% | +8% | +20% | +4% | +8% | +9% | −1% | +12% | +14% | +25% |
| COLPAL | +22% | +36% | +20% | +33% | +16% | −2% | −7% | −12% | −17% | 0% | 0% | +7% |
| PATANJALI | +127% | −20% | −22% | +199% | +22% | +72% | +74% | −31% | +67% | +60% | +46% | +86% |
| PGHH | +36% | +10% | −6% | −46% | +1% | +17% | +1% | +137% | −1% | +12% | −2% | −34% |
| UBL | −20% | turned profitable | +730% | +27% | +23% | −55% | +20% | +6% | −65% | +111% | +4% | −9% |
| AWL | to loss | −18% | +68% | turned profitable | turned profitable | +104% | +21% | −24% | −21% | −34% | +54% | +48% |
| EMAMILTD | −2% | +10% | +4% | +11% | +19% | +8% | +9% | +7% | −30% | +15% | −12% | outside |
| RADICO | +19% | +23% | +26% | +13% | +24% | +27% | +71% | +68% | +73% | +62% | +95% | +76% |
| GILLETTE | +7% | +40% | −4% | +26% | +43% | +21% | +60% | +26% | +8% | +37% | +21% | +9% |
| HATSUN | +82% | +24% | +109% | +63% | −17% | −29% | −5% | +13% | +87% | +64% | +2% | −10% |
| GODFRYPHLP | outside | outside | outside | −10% | +23% | +49% | +30% | +56% | +23% | +9% | +87% | −44% |