About the smallcase

The FMCG sector is the 4th largest sector in the Indian economy.  The total revenue of the FMCG market is projected to grow at a CAGR of 27.9% from 2021 to 2027, reaching approximately US$ 615.87 billion.


  • Increased brand consciousness has been driving the growth of the organized FMCG sector. Growth in modern retail will further drive the growth of the organized FMCG sector
  • Increasing internet penetration and online grocery stores has provided new sales channels for FMCG companies
  • Rural population which accounts for ~65% of India's total population has only 45% revenue share in FMCG sales. Increasing disposable income and consumption in rural areas provides a large untapped market
  • Government has allowed 100% FDI in food processing and single-brand retail and 51% in multi-brand retail, this will provide high visibility for FMCG brands in organized retail markets, bolstering consumer spending and encouraging more product launches


This smallcase comprises food & beverages, tobacco, household products, batteries and personal products companies to allow investors to efficiently track and invest in the FMCG sector.

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