Sector analysis · India
FMCG sector earnings growth, Q2 FY25
The 20 largest Fast Moving Consumer Goods companies by market cap at the end of Q2 FY25 (30 Sep 2024), compared with Q2 FY24.
The top 20 at Q2 FY25
Q2 FY25 vs Q2 FY24: combined net profit ₹13,864 cr (+7%), median EPS +13% (16 of 20 up), market-cap-weighted price −32%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Hindustan Unilever Limited | 23.2% | 11.30 → 11.03 | −2% | −0.5 pp | +20% |
| 2 | ITC Limited | 21.6% | 3.93 → 3.99 | +2% | +0.7 pp | +17% |
| 3 | Nestle India Limited | 8.6% | 4.71 → 5.12 | +9% | +0.6 pp | −88% |
| 4 | Varun Beverages Limited | 6.6% | 1.54 → 1.91 | +24% | +0.9 pp | +60% |
| 5 | Britannia Industries Limited | 5.1% | 24.39 → 22.06 | −10% | −0.4 pp | +40% |
| 6 | Godrej Consumer Products Limited | 4.7% | 4.23 → 4.80 | +13% | +0.4 pp | +41% |
| 7 | Tata Consumer Products Limited | 3.9% | 3.51 → 3.68 | +5% | +0.2 pp | +42% |
| 8 | United Spirits Limited | 3.9% | 4.66 → 4.69 | +1% | 0.0 pp | +58% |
| 9 | Dabur India | 3.7% | 2.91 → 2.40 | −18% | −0.7 pp | +13% |
| 10 | Colgate Palmolive (India) Limited | 3.4% | 12.50 → 14.52 | +16% | +0.4 pp | +90% |
| 11 | Marico Limited | 3.0% | 2.73 → 3.27 | +20% | +0.5 pp | +24% |
| 12 | Patanjali Foods Limited | 2.0% | 2.34 → 2.85 | +22% | +0.4 pp | +36% |
| 13 | United Breweries Limited | 1.9% | 4.06 → 5.00 | +23% | +0.2 pp | +40% |
| 14 | Procter & Gamble Hygiene and Health Care Limited | 1.8% | 64.91 → 65.28 | +1% | 0.0 pp | −7% |
| 15 | AWL Agri Business Limited | 1.5% | −1.01 → 2.39 | turned profitable | +3.3 pp | +3% |
| 16 | Godfrey Phillips India Limited | 1.2% | 12.96 → 15.92 | +23% | +0.4 pp | +220% |
| 17 | Emami | 1.1% | 4.09 → 4.87 | +19% | +0.3 pp | +42% |
| 18 | Gillette India Limited | 0.9% | 28.45 → 40.82 | +43% | +0.3 pp | +38% |
| 19 | Radico Khaitan Limited | 0.9% | 4.85 → 6.03 | +24% | +0.1 pp | +70% |
| 20 | Hatsun Agro | 0.9% | 3.48 → 2.89 | −17% | −0.1 pp | +4% |
| Sector earnings growth | 100% | +7.1 pp |
Who joined and who left
0 joined and 0 left the top 20 since Q1 FY25, as market caps moved.
Joined the top 20 since Q1 FY25
Left the top 20 since Q1 FY25
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% |
| BRITANNIA | +19% | −40% | −4% | +10% | −10% | +5% | +4% | +3% | +23% | +17% | +21% | +14% |
| GODREJCP | +21% | +6% | to loss | +41% | +13% | −14% | turned profitable | 0% | −6% | 0% | +10% | +12% |
| 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% |
| DABUR | +5% | +6% | +16% | +8% | −18% | +3% | −8% | +3% | +6% | +7% | +15% | +15% |
| COLPAL | +22% | +36% | +20% | +33% | +16% | −2% | −7% | −12% | −17% | 0% | 0% | +7% |
| MARICO | +17% | +17% | +5% | +8% | +20% | +4% | +8% | +9% | −1% | +12% | +14% | +25% |
| PATANJALI | +127% | −20% | −22% | +199% | +22% | +72% | +74% | −31% | +67% | +60% | +46% | +86% |
| UBL | −20% | turned profitable | +730% | +27% | +23% | −55% | +20% | +6% | −65% | +111% | +4% | −9% |
| PGHH | +36% | +10% | −6% | −46% | +1% | +17% | +1% | +137% | −1% | +12% | −2% | −34% |
| AWL | to loss | −18% | +68% | turned profitable | turned profitable | +104% | +21% | −24% | −21% | −34% | +54% | +48% |
| GODFRYPHLP | outside | outside | outside | −10% | +23% | +49% | +30% | +56% | +23% | +9% | +87% | −44% |
| EMAMILTD | −2% | +10% | +4% | +11% | +19% | +8% | +9% | +7% | −30% | +15% | −12% | outside |
| GILLETTE | +7% | +40% | −4% | +26% | +43% | +21% | +60% | +26% | +8% | +37% | +21% | +9% |
| RADICO | +19% | +23% | +26% | +13% | +24% | +27% | +71% | +68% | +73% | +62% | +95% | +76% |
| HATSUN | +82% | +24% | +109% | +63% | −17% | −29% | −5% | +13% | +87% | +64% | +2% | −10% |