The fast moving consumer goods (FMCG) sector in India is like a giant jigsaw puzzle. There are thousands of brands across dozens of segments. When put together, though, they paint a picture of just a handful of companies pulling all the strings.
Take homegrown Hindustan Unilever Limited (HUL). With a market capitalisation of $67 billion, it is India’s largest FMCG company. Many of its products—like Bru or Surf Excel—are so deeply embedded in the Indian consciousness that they have grown to be synonyms for their categories. The company’s revenue from sales for the year ended March 2020 was Rs 39,783 crore Rs 39,783 crore Hindustan Unilever Limited Annual Report for the year ended March 2020 Read more ($5.4 billion).