Top Consumer Stocks for December 2024 Based on 5Y CAGR

India’s consumer market is witnessing a dynamic transformation, driven by a growing, aspirational, and diverse consumer base. With rising household incomes and increased spending power, opportunities span across a broad spectrum of products and services. 

From online shoppers on platforms like Amazon and Big Basket to affluent buyers at premium stores like Food Hall, and loyalists of traditional outlets like Big Bazaar, the retail landscape caters to diverse needs. Companies, large and small, have immense potential to tap into this growing market.

Innovation continues to drive growth, with up to 40% of India’s projected $10 trillion economy by 2034 expected to stem from India-centric innovations. In this blog, we will explore the best consumer stocks in December 2024.

Top Consumer Stocks Categorised by Sub-Sector Based on 5Y CAGR

Note: The consumer stocks list has been selected from companies of different sub-sectors having and sorted based on 5Y CAGR as of December 2, 2024.

Overview of 6 Best Consumer Stocks

• Varun Beverages Ltd

As a key franchisee bottler for PepsiCo, Varun Beverages produces and distributes popular carbonated and non-carbonated beverages like Pepsi, Diet Pepsi, and Seven-Up. Over the past 3 months, the company has seen a 1.06% increase in foreign institutional holdings. 

With a current dividend yield of 0.15%, an investment of ₹1,000 in the stock is estimated to generate ₹1.55 annually as dividends, reflecting its consistent growth.

• Radico Khaitan Limited (RKL)

Radico Khaitan is a leading manufacturer of Indian Made Foreign Liquor (IMFL), fertilizers, industrial alcohol, and country liquor. With distilleries in Rampur and Aurangabad, the company has achieved an impressive 5-year annual revenue growth of 14.39%, significantly outperforming the industry average of 6.77%. 

RKL has consistently increased or maintained its dividend payouts over the past 5 years, showcasing financial stability and shareholder focus.

• Triveni Engineering and Industries Limited (TEIL)

TEIL operates across sugar, engineering, and FMCG sectors, marking itself as a diversified powerhouse. Over the last 5 years, the company achieved a 10.3% annual revenue growth rate compared to the industry average of 9.08%. 

Its market share increased from 5.69% to 5.92%, highlighting its steady rise in competitive standing within the industry.

• Shree Renuka Sugars Limited

Shree Renuka Sugars is a prominent player in sugar production and refining, exporting refined sugar to international markets like the Middle East and North Africa. The company has registered an outstanding 5-year revenue growth rate of 19.23%, surpassing the industry average of 9.08%. 

Over the same period, its market share grew significantly from 8.3% to 12.74%, reinforcing its leadership position.

• EID Parry (India) Limited

EID Parry is known for its diverse portfolio of sweeteners, including refined sugar, jaggery, and low GI sugar, alongside ethanol production for fuel blending. The company has achieved a 5-year revenue growth rate of 12.26%, outperforming the industry average of 9.08%. 

Its market share climbed from 29.31% to 33.31%, underscoring its dominance in the sector.

• Godfrey Phillips India Limited

Godfrey Phillips specialises in cigarettes, chewing products, and trading tobacco, tea, and retail items. With a 5-year revenue growth rate of 12.63%, surpassing the industry’s 8.03% average, the company has proven its financial strength. 

Its market share grew from 4.88% to 6.04%, while net income recorded a stellar annual growth rate of 27.67%, far exceeding the industry’s 10.59% average, solidifying its profitability.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.