Company lists
The Gujarat edition · 2026

Consumer goodscompanies in Gujarat

Food & beverage, apparel, jewellery, home products, beauty & care and more: the companies building consumer goods in Gujarat, with their founders, funding, team size and business models.

1,477 company profiles517 with reported revenue50 with recorded fundingSeptember 2026 edition

Recent consumer goods business events in Gujarat

Funding, M&A, contract wins and launches involving 1,693 consumer goods companies in Gujarat, last 24 months: 48 M&A deals · 15 Contracts · 10 funding rounds · 8 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

ContractSupply

Chowgule and Company · client: Boomsma shipping

Indian shipbuilder Chowgule and Company has begun conducting sea trials of a new dry cargo vessel ordered by Netherlands-based shortsea shipping specialist Boomsma Shipping.

Shipping
LaunchCafé Mocha

Vadilal Industries

Vadilal Industries launches its latest campaign, ‘#IceCreamWaliSituationship’, and two delicious new flavours - Café Mocha and Pista Kunafa.

Ice Cream Flavor
M&AAcquisition · Announced

Zeochem acquires Sorbead india

Zeochem, the chemistry division of the CPH Group, acquires Sorbead India and Swambe Chemicals.

Molecular sieves and packaging materials
ContractService

Glassbox · client: Gokul agro resources

Gokul Agro Resources Ltd. has appointed Glassbox, a Komerz company, as its integrated brand and growth partner

FMCG
LaunchRiteBite Max Protein RTD Protein Shakes

Zydus wellness

Zydus Wellness Ltd has expanded its RiteBite Max Protein range into three new formats—ready-to-drink (RTD) protein shakes, protein bars, and protein chips—as it looks to broaden its…

Protein beverage
LaunchGlucon-D Recharge

Zydus wellness

India, March 26th, 2026: Zydus Wellness today announced the expansion of its iconic brand Glucon-D into the fast-growing performance hydration category with the launch of Glucon-D Recharge.

Performance Hydration
Funding

Aditi Toys

Toys manufacturing startup Aditi Toys raised $3.8 million.

Toys manufacturing startup
M&AAcquisition · Completed

Arjunsinh Rajput acquires Gokul refoils & solvent

Arjunsinh Rajput acquired 12,238 equity shares of Gokul Refoils & Solvent Limited through open market purchase on March 10, 2026.

M&AAcquisition · Completed

Neomile Growth Fund – Series I acquires Shree Ram Twistex

Neomile Growth Fund – Series I acquired 40,00,000 shares of Shree Ram Twistex Limited through open market purchase on March 2, 2026. This acquisition represents 10.01% of the company's…

Textiles
M&AAcquisition · Announced

Ankit Jalan and Anuj Jalan acquires Shah foods

The draft letter, dated February 25, 2026, outlines an open offer by acquirers Ankit Jalan and Anuj Jalan to acquire up to 60,61,900 equity shares of Shah Foods Limited, representing…

Food products and vegetables trading
FundingStrategic investment

Balaji wafers

Balaji Wafers has entered into a definitive agreement to receive a strategic investment from global growth equity firm General Atlantic

Snacking
M&AAcquisition · Announced

General atlantic acquires Balaji wafers

Balaji Wafers has agreed to sell a 7 per cent stake for Rs 2,050 crore.

Snack maker
M&AAcquisition · Announced

General atlantic acquires Balaji wafers

Rajkot’s Balaji Wafers is also set to bag an investment from General Atlantic at a valuation of Rs 35,000 crore.

Food & Beverage
M&AAcquisition · Announced

Recomotor acquires Barcelona

Recomotor, distributor of recovered parts for workshops and automotive professionals, continues its expansion with the acquisition of a new scrapping in Sant Andreu de la Barca (Barcelona).

LaunchTru

Amul

Amul, India’s largest dairy brand has entered the packaged juices segment by launching the Tru brand of fruit juices.

Packaged fruit juices
Funding

Balaji wafers

US-based private equity firm General Atlantic is close to finalizing a ₹2,500 crore investment for a 7% stake in Balaji Wafers, valuing the Gujarat-headquartered snack maker at around…

Snack
M&AAcquisition · Announced

Kedaara capital acquires Balaji wafers

Gujarat-based Balaji Wafers is in the final stages of a stake sale, with Kedaara Capital and General Atlantic (GA) leading the race to acquire 6-7 per cent of the company, which is…

Packaged Food
M&AAcquisition · Rumored

General mills acquires Balaji wafers

Mumbai: US multinational General Mills Inc is in talks to buy into Balaji Wafers, joining other suitors including PepsiCo, ITC Ltd and several private equity firms eyeing a significant…

Snack Foods
M&AAcquisition · Announced

ITC Foods acquires Balaji wafers

Besides FMCG companies, ITC Foods is also in the race to acquire a stake in Gujarat-based Balaji Wafers, which has a strong presence in the chips, namkeen and confectionery products in…

Snacks/Food
M&AAcquisition · Announced

private equity (PE) firms acquires Balaji wafers

Balaji Wafers, a snack manufacturer based in Rajkot, is in discussions with leading private equity (PE) firms to sell up to 10% of its equity, aiming for a valuation of nearly Rs 40,000…

Snack manufacturer
ContractSupply

Ashapuri gold ornament · client: Na

Ashapuri Gold Ornament Limited secured ₹102 crore in domestic orders at IIJS Premier 2025, to be executed within 90 days.

Gold jewellery
LaunchWagh Bakri Royale

Wagh Bakri

Targeting tea connoisseurs, Wagh Bakri, a Gujarat-based tea brand on Tuesday launched a “super‑premium” category of blended tea which is about 30-40 per cent costly that the most premium…

Super‑premium blended tea
Funding

Renee cosmetics

Beauty brand Renee Cosmetics secured second position with $30 million in a funding round led by Playbook.

Investors Playbook
Beauty, cosmetics
ContractSupply

Panth infinity · client: Richa Info Systems Limited

Panth Infinity Limited has announced securing a significant work order worth Rs. 150 crore from Richa Info Systems Limited.

Technology
M&AAcquisition · Announced

Titan Holdings International FZCO acquires Damas

Al Tamimi & Company, the leading law firm in the Middle East, has advised Titan Holdings International FZCO (Titan), a Tata Group company and the UAE subsidiary of one of India’s most…

Jewellery
M&AAcquisition · Announced

Titan company acquires Damas

The acquisition of Damas will enable TTAN to consolidate its presence in USD15bn GCC jewellery market with brands like Damas, Tanishq and Gaia. TTAN will be paying an EV of AED 1038mn,…

M&AAcquisition · Announced

Lence acquires Adani wilmar

ACL and Lence have entered into a share purchase agreement (SPA), under which “Lence has agreed to purchase, and ACL has agreed to sell up to a maximum of 25.99 crore shares representing…

M&AMerger · Pending

Vadilal Industries acquires Vadilal International Pvt. Ltd, Vadilal Finance Co. Pvt. Ltd, Veronica Constructions Pvt. Ltd

As part of a family agreement, the families decided to merge three promoter-owned companies—Vadilal International, Vadilal Finance Co. Pvt. Ltd, and Veronica Constructions Pvt. Ltd—into…

M&AAcquisition · Announced

Rasna acquires Jumpin

Instant beverage major Rasna has acquired popular juice brand Jumpin from Hershey’s India, marking its foray into the ready-to-drink (RTD) segment.

Consumer goods companies in Gujarat, by revenue

Browse consumer goods companies in Gujarat by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 517 consumer goods companies in Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer of edible and non-edible oils, derivatives, and feed meals

Food & beverage products
₹19,584.78 crFY 2024-25
+41%2024–2025
810+22% 12 mo to Aug 2024recorded Aug 2024
12 yr2014
0none in 3 months

Manufactures consumer care products

Home care products
₹9,120.78 crFY 2021-22
Not reported
340-12% 12 mo to Sep 2024recorded Sep 2024
57 yr1969
—No postings tracked

Manufacturer of snack foods

Food & beverage products
₹5,010.37 crFY 2022-23
Not reported
1,903-5% 12 mo to Sep 2024LinkedIn · Jul 2026
52 yr1974
1postings · last posted Jul 2026

Producers of edible oil

Food & beverage products
₹3,146.91 crFY 2022-23
Not reported
446+0% 12 mo to Jul 2024LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Brand of healthcare nutrition products

Food & beverage products
₹2,722.50 crFY 2024-25
+16%2024–2025
2,301+3% 12 mo to Mar 2024LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Manufacturer & Supplier of Home Appliances Products

Household durables
₹2,396.42 crFY 2022-23
Not reported
1,208-15% 12 mo to Oct 2023recorded Oct 2023
42 yr1984
0none in 3 months

Contract manufacturer of diamond

Contract manufacturers
₹2,321.54 crFY 2022-23
Not reported
229+71% vs previous recordLinkedIn · Jul 2026
59 yr1967
0none in 3 months

Jewellery brand offering unique collections of bridal, diamond, gold, silver, and antique gold pieces

Fashion accessories
₹2,210.91 crFY 2022-23
Not reported
915+91% 12 mo to Sep 2024recorded Sep 2024
40 yr1986
2postings · last posted Sep 2026

Internet first brand of dairy products

Food & beverage products
₹2,127.46 crFY 2024-25
+8%2024–2025
375+3% 12 mo to Sep 2024recorded Sep 2024
14 yr2012
0none in 3 months

Tea Exporters & Suppliers - Tea Brands - Wagh Bakri Group

Food & beverage products
₹1,897.86 crFY 2022-23
Not reported
1,048+7% 12 mo to Sep 2024recorded Sep 2024
134 yr1892
—No postings tracked

Brand of groundnut oil

Food & beverage products
₹1,728.84 crFY 2024-25
+36%2024–2025
101+12% 12 mo to Feb 2024recorded Feb 2024
34 yr1992
0none in 3 months

Internet first brand of namkeen, wafers, and snacks

Food & beverage products
₹1,473.61 crFY 2024-25
+5%2024–2025
1,263-77% 12 mo to Mar 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Internet first brand of casual wear for men and women

Contract manufacturers
₹1,454.80 crFY 2024-25
-1%2024–2025
375recorded
10 yr2016
0none in 3 months · last posted Jun 2026

Manufacturer and exporter of knit fabrics, offering a wide range of products including BCI yarn, organic yarn, and regular yarn

Home furnishing products
₹1,137.32 crFY 2021-22
Not reported
—Not available
56 yr1970
—No postings tracked

Fine jewelry brand

Fashion accessories
₹1,176.68 crFY 2022-23
Not reported
29+26% 12 mo to Sep 2024recorded Sep 2024
36 yr1990
—No postings tracked

Air coolers brand

Household durables
₹1,207.00 crFY 2023-24
Not reported
471+5% 12 mo to Sep 2024recorded Sep 2024
87 yr1939
—No postings tracked

Ice Creams - Vadilal

Food & beverage products
₹1,137.80 crFY 2023-24
Not reported
209+8% 12 mo to Apr 2024recorded Apr 2024
119 yr1907
—No postings tracked

Brand offering ice cream products

Food & beverage products
₹1,010.95 crFY 2023-24
Not reported
594+13% 12 mo to Aug 2024recorded Aug 2024
36 yr1990
—No postings tracked

Production and marketing of Indian ethnic snacks

Food & beverage products
₹1,022.69 crFY 2024-25
+13%2024–2025
586+8% 12 mo to Jul 2024recorded Jul 2024
25 yr2001
0none in 3 months

Brand of diamond & gold jewellery

Fashion accessories
₹896.47 crFY 2021-22
Not reported
24-1% 12 mo to Sep 2024LinkedIn · Jul 2026
48 yr1978
—No postings tracked

Internet first brand of jewellery

Fashion accessories
₹872.57 crFY 2021-22
Not reported
113-64% 12 mo to Feb 2024recorded Feb 2024
56 yr1970
—No postings tracked

Brand of sunflower oil

Food & beverage products
₹936.88 crFY 2024-25
-2%2024–2025
7+0% 12 mo to Mar 2024recorded Mar 2024
17 yr2009
0none in 3 months

Manufacturer of eco-friendly denim textiles

Home furnishing products
₹710.46 crFY 2024-25
+40%2024–2025
8-11% 12 mo to Feb 2024recorded Feb 2024
16 yr2010
0none in 3 months

Manufacturer of recycled paperboard and related products

Stationery & gifting products
₹705.64 crFY 2024-25
-1%2024–2025
217LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Manufacturer of lighting products

Household durables
₹689.10 crFY 2023-24
Not reported
1,307+10% 12 mo to Sep 2024recorded Sep 2024
39 yr1987
—No postings tracked
50 of 1,477 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,477 consumer goods companies in Gujarat on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open consumer goods in Gujarat on Radar
  • Every company, not just 50All 1,477 consumer goods companies in Gujarat, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore consumer goods companies in Gujarat by what you are looking for

Browse consumer goods companies in Gujarat across food, apparel, jewellery, home products and personal care. Find consumer goods startups in Gujarat, listed brands and companies that are hiring.

9 ways to explore consumer goods in Gujarat

Food & beverage brandsApparel & fashion brandsJewellery & fashion accessoriesHome furnishing & household productsBeauty & personal care brandsBaby, kids, stationery & gifting products

Food & beverage brands

Makers of snacks, edible oils, spices, dairy and packaged foods.

  1. Gokul Agro

    Manufacturer of edible and non-edible oils, derivatives, and feed meals

    Food & beverage products
    See in list
  2. Balaji Wafers

    Manufacturer of snack foods

    Food & beverage products
    See in list
  3. Maahi Milk

    Internet first brand of dairy products

    Food & beverage products
    See in list
  4. Wagh Bakri Tea Group

    Tea Exporters & Suppliers - Tea Brands - Wagh Bakri Group

    Food & beverage products
    See in list
  5. Gulab Oils

    Brand of groundnut oil

    Food & beverage products
    See in list

Apparel & fashion brands

Clothing, ethnic wear and footwear brands and fabric makers.

  1. Nandan Terry

    Internet first brand of casual wear for men and women

    Contract manufacturers
    See in list
  2. Anubha Industries

    Manufacturer and supplier of denim fabrics

    Apparel brands
    See in list
  3. Sekhani Group

    Provider of fancy fabric and apparel manufacturing services

    Contract manufacturers
    See in list
  4. RAMESWAR APEX

    Manufacturer and exporter of cotton yarn, work wear, and fabrics

    Contract manufacturers
    Website
  5. Tapobhumi

    Brand of ethnic sarees and traditional wear

    Apparel brands
    Website

Jewellery & fashion accessories

Jewellery, watches, bags and other fashion accessories.

  1. Kalamandir Jewellers

    Jewellery brand offering unique collections of bridal, diamond, gold, silver, and antique gold pieces

    Fashion accessories
    See in list
  2. Patel jewellers

    Fine jewelry brand

    Fashion accessories
    See in list
  3. Suvarnakala

    Internet first brand of jewellery

    Fashion accessories
    See in list
  4. Parth Ornaments

    Manufacturer of luxury goods and jewelry industry

    Fashion accessories
    See in list
  5. Radhika Jeweltech

    Offering jewelry for men & women

    Retailers
    See in list

Home furnishing & household products

Home textiles, furniture, appliances, kitchenware and home care products.

  1. Nirma

    Manufactures consumer care products

    Home care products
    See in list
  2. Hitachi Home & Life Solutions

    Manufacturer & Supplier of Home Appliances Products

    Household durables
    See in list
  3. Vaibhav Laxmi

    Manufacturer and exporter of knit fabrics, offering a wide range of products including BCI yarn, organic yarn, and regular yarn

    Home furnishing products
    See in list
  4. Symphony

    Air coolers brand

    Household durables
    See in list
  5. Shanti Spintex

    Manufacturer of eco-friendly denim textiles

    Home furnishing products
    See in list

Beauty & personal care brands

Skin care, hair care, fragrance and personal hygiene brands.

  1. Renee Cosmetics

    Online retailer of cosmetics, fragrances, skincare, and beauty accessories

    Beauty tech
    See in list
  2. Ubik Solution

    Provider of cosmeceutical products, dermatology services, and practice management solutions

    Beauty & personal care products
    Website
  3. AdilQadri

    Online brand offering a range of fragrances

    Beauty tech
    Website
  4. Berrica

    Provider of berry-based natural skincare products backed by science, offering protection, refreshment, rejuvenation, and age-defying benefits

    Beauty & personal care products
    Website
  5. Dermatouch

    Online platform offering personalized skin care products

    Beauty & personal care products
    Website

Baby, kids, stationery & gifting products

Baby care, toys, stationery and gift products.

  1. Mehali

    Manufacturer of recycled paperboard and related products

    Stationery & gifting products
    See in list
  2. Stone Sapphire

    Manufacturer of children's art and craft kits, stationery, toys, and games

    Baby & kids products
    See in list
  3. R for Rabbit

    Internet first brand offering multi-category baby care products

    Mom & baby care
    Website
  4. Aditi Toys

    Manufacturer of high-quality, safe toys

    Baby & kids products
    Website
  5. Innovitoy

    Toy manufacturing company that designs and develops a range of innovative, educational, and engaging toys for children

    Baby & kids products
    Website
60 companies in Gujarat

Consumer goods startups in Gujarat

Recently founded consumer brands in Gujarat.

  1. Star Blue

    Brand of diamond rings

    Fashion accessories
    Website
  2. Raja Group

    Brand of home textiles

    Home furnishing products
    Website
  3. Devdeeptexfab

    Manufacturer of comfortable, aesthetically pleasing, and skin-friendly hosiery materials

    Apparel brands
    Website
  4. Divya

    Manufacturer and marketer of steel kitchenware products

    Household durables
    Website
  5. Lyne

    Internet first brand of multi-category electronic products

    Mobiles & accessories
    Website
201 companies in Gujarat

Consumer goods companies hiring in Gujarat

Consumer goods companies in Gujarat with open jobs.

  1. Balaji Wafers

    Manufacturer of snack foods

    Food & beverage products
    See in list
  2. Kalamandir Jewellers

    Jewellery brand offering unique collections of bridal, diamond, gold, silver, and antique gold pieces

    Fashion accessories
    See in list
  3. Nandan Terry

    Internet first brand of casual wear for men and women

    Contract manufacturers
    See in list
  4. Smart Laboratories

    Brand offering skin, hair & health care products

    Beauty & personal care products
    See in list
  5. Renee Cosmetics

    Online retailer of cosmetics, fragrances, skincare, and beauty accessories

    Beauty tech
    See in list
15 companies in Gujarat

Listed consumer goods companies in Gujarat

Publicly traded consumer goods companies based in Gujarat.

  1. Gokul Agro

    Manufacturer of edible and non-edible oils, derivatives, and feed meals

    Food & beverage products
    See in list
  2. Zydus Wellness

    Brand of healthcare nutrition products

    Food & beverage products
    See in list
  3. Hitachi Home & Life Solutions

    Manufacturer & Supplier of Home Appliances Products

    Household durables
    See in list
  4. Gopal Snacks

    Internet first brand of namkeen, wafers, and snacks

    Food & beverage products
    See in list
  5. Symphony

    Air coolers brand

    Household durables
    See in list
54 companies in Gujarat
Mobile reach

Top 10 consumer goods apps from Gujarat

The most-installed Android apps published by consumer goods companies headquartered in Gujarat — 61.7M installs between them. 70 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

CITIZEN CALCULATOR

by ANGEL NX

Installs29.1M
Rating4.2967K ratings
Last updatedAug 2025
View on Google Play ↗
CITIZEN CALCULATOR screenshot 1CITIZEN CALCULATOR screenshot 2CITIZEN CALCULATOR screenshot 3CITIZEN CALCULATOR screenshot 4CITIZEN CALCULATOR screenshot 5CITIZEN CALCULATOR screenshot 6
2

Nail Salon Makeover Girl Games

by yories

Installs22.9M
Rating4.5414K ratings
Installs, year on year+21%
Last updatedMay 2026
View on Google Play ↗
Nail Salon Makeover Girl Games screenshot 1Nail Salon Makeover Girl Games screenshot 2Nail Salon Makeover Girl Games screenshot 3Nail Salon Makeover Girl Games screenshot 4Nail Salon Makeover Girl Games screenshot 5Nail Salon Makeover Girl Games screenshot 6
3

Avimee Herbal

by Avimee Herbal

Installs2.2M
Rating—
Installs, year on year+90%
Last updatedAug 2025
View on Google Play ↗
Avimee Herbal screenshot 1Avimee Herbal screenshot 2Avimee Herbal screenshot 3Avimee Herbal screenshot 4Avimee Herbal screenshot 5Avimee Herbal screenshot 6
5

Sudathi - Online Shopping App

by Sudathi

Installs1.8M
Rating4.5538K ratings
Installs, year on year+139%
Last updatedApr 2026
View on Google Play ↗
Sudathi - Online Shopping App screenshot 1Sudathi - Online Shopping App screenshot 2Sudathi - Online Shopping App screenshot 3Sudathi - Online Shopping App screenshot 4Sudathi - Online Shopping App screenshot 5Sudathi - Online Shopping App screenshot 6
6

AdilQadri

by AdilQadri

Installs1.3M
Rating4.436K ratings
Last updatedMar 2026
View on Google Play ↗
AdilQadri screenshot 1AdilQadri screenshot 2AdilQadri screenshot 3AdilQadri screenshot 4AdilQadri screenshot 5AdilQadri screenshot 6
7

Fuaark - Gym Wear Shopping App

by Fuaark

Installs1.1M
Rating—
Last updatedJan 2026
View on Google Play ↗
Fuaark - Gym Wear Shopping App screenshot 1Fuaark - Gym Wear Shopping App screenshot 2Fuaark - Gym Wear Shopping App screenshot 3Fuaark - Gym Wear Shopping App screenshot 4Fuaark - Gym Wear Shopping App screenshot 5Fuaark - Gym Wear Shopping App screenshot 6
8

Tronsmart

by Tronsmart

Installs856K
Rating2.685K ratings
Last updatedApr 2026
View on Google Play ↗
Tronsmart screenshot 1Tronsmart screenshot 2Tronsmart screenshot 3Tronsmart screenshot 4Tronsmart screenshot 5
9

Weavecrafts

by Drapemall

Installs405K
Rating—
Installs, year on year+10%
Last updatedJul 2025
View on Google Play ↗
Weavecrafts screenshot 1Weavecrafts screenshot 2Weavecrafts screenshot 3
10

R for Rabbit - Baby & Kids

by R for Rabbit

Installs362K
Rating—
Last updatedMay 2026
View on Google Play ↗
R for Rabbit - Baby & Kids screenshot 1R for Rabbit - Baby & Kids screenshot 2R for Rabbit - Baby & Kids screenshot 3R for Rabbit - Baby & Kids screenshot 4R for Rabbit - Baby & Kids screenshot 5R for Rabbit - Baby & Kids screenshot 6
The business behind the activity

Consumer goods financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 466 consumer goods companies in Gujarat for FY24-25 — 541 of the 1,477 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 43% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹90,970.11 cr

466 companies filing accounts

combined net profit₹46.89 cr

0.1% aggregate margin

are profitable79%

367 of 466 companies

median revenue~₹32.0 cr

the typical company

median revenue growth+12%

into FY24-25

earned by the top five43%

revenue concentration

Six-year view

Combined revenue of filing companies

₹48,317.69 crFY19-20379 filers
₹52,297.94 crFY20-21404 filers
₹69,692.08 crFY21-22438 filers
₹79,600.65 crFY22-23465 filers
₹83,736.26 crFY23-24479 filers
₹90,970.11 crFY24-25466 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 416 companies over three years

+21%
FY22-23₹74,270.40 cr₹2,903.10 cr net
FY23-24₹77,653.68 cr₹2,980.47 cr net
FY24-25₹89,802.95 cr₹46.33 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr4945% profitable
₹1–10 cr9063% profitable
₹10–100 cr20285% profitable
₹100–1,000 cr11094% profitable
Over ₹1,000 cr1587% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking137
0–20%134
20–50%99
50–100%38
Doubled+36

444 companies with accounts for both years; median growth +12%.

Profitability

Profit is concentrated at the top

367profitable
98loss-making
0.1%aggregate margin
1.3%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
DermatouchCLOUD WELLNESS PRIVATE LIMITED+314%₹62.95 cr
HajooriSOSYO HAJOORI BEVERAGES PRIVATE LIMITED+196%₹240.46 cr
FuaarkFuaark Lifestyle Llp₹39.92 cr
LovelangYUSHKA COSMETICS LLP+182%
Dholakia TobaccoDHOLAKIA TOBACCO PRIVATE LIMITED+158%₹54.86 cr
Wellvort FashionWELLVORT FASHION PRIVATE LIMITED+137%
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ZORKOZORKO LIMITED20.3%
RiyaasatRIYAASAT LIFESTYLE LIMITED19.0%₹25.19 cr
Dholakia TobaccoDHOLAKIA TOBACCO PRIVATE LIMITED17.8%₹54.86 cr
SchmittenRAJHANS NUTRIMENTS PRIVATE LIMITED
Goldkart JewelsGOLDKART JEWELS LIMITED17.5%₹82.35 cr
Raja-Rani CoachingRAJA RANI COACHING PRIVATE LIMITED16.3%₹11.78 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Food & beverage products156₹52,104.27 cr~₹53.2 cr82%2.3%
Fashion accessories49₹8,727.98 cr~₹78.4 cr96%2.6%
Home care products7₹7,500.88 cr~₹22.6 cr57%-27.9%
Household durables23₹6,125.59 cr~₹21.4 cr78%5.1%
Home furnishing products58₹3,913.75 cr~₹37.4 cr79%1.5%
Apparel brands45₹3,127.26 cr~₹25.4 cr89%3.5%
Contract manufacturers10₹2,580.26 cr~₹94.7 cr80%1.5%
Beauty & personal care products45₹1,384.14 cr~₹10.0 cr60%0.5%
Leaders

Largest consumer goods companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Gokul AgroGOKUL AGRO RESOURCES LIMITED₹17,146.60 cr₹200.86 cr1.2%+32%
NirmaNIRMA LIMITED₹7,219.15 cr−₹2,096.21 cr-29.0%-4%
Balaji WafersBALAJI WAFERS PRIVATE LIMITED₹6,547.66 cr₹290.95 cr4.4%+18%
N.K.ProteinsN K PROTEINS PRIVATE LIMITED₹57.55 cr1.1%+15%
Hitachi Home & Life SolutionsBOSCH HOME COMFORT INDIA LIMITED₹2,782.20 cr₹58.83 cr2.1%+44%
Wagh Bakri Tea GroupGUJARAT TEA PROCESSORS AND PACKERS LIMITED₹2,358.22 cr₹150.75 cr6.4%+12%
Patel jewellersPATEL JEWELLERS PRIVATE LIMITED₹2,154.21 cr₹57.04 cr2.6%+42%
Maahi MilkMAAHI MILK PRODUCER COMPANY LIMITED₹2,127.46 cr₹28.35 cr1.3%+8%
Gulab OilsGULAB OIL AND FOOD (AHMEDABAD) PRIVATE LIMITED₹1,728.84 cr₹10.55 cr0.6%+36%
Gopal SnacksGopal Snacks Limited₹1,473.61 cr₹19.00 cr1.3%+5%
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Consumer Goods Industry Landscape of India

The financials above are one chapter. The full consumer goods landscape of Gujarat maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the consumer goods landscape of Gujarat
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Consumer goods funding and M&A across India

3,248 recorded equity rounds have gone to 19,060 consumer goods companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months162

US$416.17m

equity rounds, last 24 months494

US$1.41bn

raised over five yearsUS$6.81bn

1,925 rounds in India

M&A deals, Gujarat48

last 24 months

Capital by year

Equity funding into consumer goods in India

amount rounds
$567m2018173
$763m2019224
$470m2020200
$1.7bn2021336
$1.7bn2022423
$1.2bn2023364
$956m2024374
$948m2025325
$246m2026103

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$1.74bn across 336 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$105.27m380 rounds · median US$112k
SeedUS$817.27m1,036 rounds · median US$371k
Series AUS$1.21bn257 rounds · median US$3.50m
Series BUS$1.28bn126 rounds · median US$7.32m
Series CUS$1.18bn68 rounds · median US$14.46m
Series D+US$1.74bn46 rounds · median US$19.66m
Private equityUS$117.49m4 rounds · median US$25.71m
Where the money went · five years

Most-funded sub-sectors

Fashion techUS$1.12bn176 rounds · 78 companies
Online groceryUS$1.05bn247 rounds · 80 companies
Food & beverage productsUS$1.01bn476 rounds · 215 companies
Beauty techUS$703.50m186 rounds · 66 companies
Beauty & personal care productsUS$661.05m235 rounds · 99 companies
Alcoholic beverage productsUS$411.89m99 rounds · 42 companies
Apparel brandsUS$383.36m109 rounds · 61 companies
Corporate activity · last 24 months

M&A in Gujarat

43Acquisition
4Merger
1Announced

Most active acquirers

  1. Vadilal Industries5
  2. General atlantic4
  3. Zydus wellness4
  4. Lence3
  5. Rasna3

Most acquired or merged

  1. Adani wilmar11
  2. Balaji wafers8
  3. Comfort click2
  4. Damas2
  5. Vadilal2

Each deal appears in the events strip at the top of the page.

Go deeper in the consumer goods landscape reports:

Consumer Goods Industry Landscape of India

Consumer goods funding in Gujarat

50 consumer goods companies in Gujarat have recorded equity funding, US$304.87m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gujarat

Meet the people behind consumer goods companies in Gujarat. 537 of 1,477 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Gujarat consumer goods companies by sub-sector

The most common specialisations among consumer goods companies in Gujarat. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring consumer goods in India and nearby markets.

Coming soon