Indian subsidiaries of FMCG giants outperforming their parent cos: Report

Covid-19 might have set the growth back by a few quarters but the FMCG sector has bounced back

Indian subsidiaries of global FMCG giants have over the last decade done better than their parents in terms of profit growth and revenue, said a report on Monday.

The report, as quoted by the Times of India (TOI), said that some Indian subsidiaries could become the largest units of their parent firms, in terms of valuation. 

Hindustan Unilever (HUL), owned by Britain’s Unilever, and Maruti, a unit of Japan’s Maruti Suzuki, are providing significant support to their parent companies in terms of valuations, data from the report released by I-Sec Research said. HUL's valuation of $72 billion is 62 per