Indian companies beat foreign MNCs in the fiscal of 2015-16
Indian companies beat foreign MNCs in the fiscal of 2015-16
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Indian brands are now beating their multinational competitors hard and fast. The fiscal report of select seven Indian brands and their MNC competitor was released which said the Indian brands this year showed a growth of 143 percent as compared to their last year revenue.

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).

ITC reported revenue of $5,944.79 million while its arch competitor Britannia was able to make a market of $1,222.75 million.

884.62 million dollar was the revenue of Dabur India and Godrej Product limited listed their 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.

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