Effective execution of a business model through its products is one of the key fundamental strengths of a business. Investment legends like Warren Buffet also suggest seeking investment in the businesses that an investor truly understands.
Nearly everyone encounters one common element in daily life: Fast Moving Consumer Goods (FMCG). One of the key FMCG products which are also projected to grow at a significant rate is edible oil products. The industry is expected to grow at 4.25% CAGR from 2025 to 2030. The NITI Aayog report suggests that the national supply of edible oil will reach 26.7 MT by 2047
To become a part of this growth rally, investors can explore this detailed explanation of the top 5 edible oil stocks in India. Read now!
Explore more: List of FMCG Stocks in India 2025
Top 5 Edible Oil Stocks in India
The following stocks are listed based on their market capitalisation as of April 11, 2025.
| Particulars | Market Capitalisation (in ₹ crores) | Return on Equity(in %) | P/E (in times) |
| Marico Ltd. | 89,350.47 | 38.51 | 55.71 |
| Patanjali Foods Ltd. | 66,361.80 | 7.63 | 57.76 |
| Adani Wilmar Ltd. | 35,806.14 | 3.65 | 29.47 |
| Gokul Agro Resources Ltd. | 3,560.22 | 18.89 | 14.77 |
| CIAN Agro Industries and Infrastructure Ltd. | 1,148.40 | 5.68 | 30.91 |
(As of April 11, 2025)
Edible oil share price of 4 out of 5 companies has surged in the past year as of April 11, 2025. Let’s dive deeper into the business, share price and other financial dynamics of these companies.
- Marico Ltd.
The company owns one of the most popular edible oil brands: ‘Suffola’. The brand has a premium as well as regular range. In FY 2024, the edible oil section of Marico Ltd. contributed 19% to the domestic business. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change(%) |
| Revenue from operations (in ₹ crores) | 9,653 | 9,764 | (1.13) |
| Net profit (in ₹ crores) | 1,502 | 1,322 | 13.61 |
| Operating profit margin | 21% | 18.5% | 13.42 |
| Debt-to-equity ratio (in times) | 0.1 | 0.1 | – |
The company has maintained its profit margin of around 20% for the past few years. Moreover, in a year, its cash profits have also surged by 14.5% in FY 2025.
As of April 11, 2025, the share price of Marico has surged by nearly 35% in a year. Its Earnings Per Share (EPS) have been in an upward trend since FY 2021.
- Patanjali Foods Ltd.
The company has been popular due to its ‘Swadeshi’ tag and wide range of products in the FMCG industry. Specifically, for edible oil, the company has products under Patanjali, Ruchi gold, Mahakosh and Sunrich. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change(%) |
| Revenue from operations (in ₹ crores) | 31,721.35 | 31,526.65 | 0.61 |
| Net profit (in ₹ crores) | 765.15 | 886.44 | (13.67) |
| Operating profit margin | 4.79% | 5.00% | (4.20) |
| Debt-to-equity ratio (in times) | 0.05 | 0.08 | (37.5) |
A decreasing debt-to-equity ratio indicates a potential decrease in debt levels for the company. Therefore, it can be a positive sign for investors. However, the net profit and EPS have decreased in FY 2024.
The share price of Patanjali has increased by 40.5% in a year as of April 11, 2025. Its price-to-earnings ratio is higher than the industry average of 26.05 times.
- Adani Wilmar Ltd.
It is the leading entity in the edible oil industry in India due to its brand ‘Fortune’. Established in 1999, the company has been one of the top 10 FMCG players in the country. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change(%) |
| Revenue from operations (in ₹ crores) | 51,262 | 58,185 | (11.89) |
| Net profit (in ₹ crores) | 148 | 582 | (74.57) |
| Operating profit margin | 1.50% | 2.23% | (32.73) |
| Debt-to-equity ratio (in times) | 0.3 | 0.4 | (25.00) |
Nearly 62% of the total volume is driven by only edible oils. The financials experienced a major dip due to the exit of the Adani group in December 2024.
Due to similar effects, the share price has dipped by 21% in a year as of April 11, 2025. However, the quarterly performance indicates a recovery in FY 2025.
Check this out! Adani Wilmar Shares Tumble 9% as Promoters Plan 20% Stake Divestment via OFS
- Gokul Agro Resources Ltd.
Established in 2014, it is one of the youngest companies in this list. It manufactures a wide range of edible oil products under the brand ‘Vitalife’. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change(%) |
| Revenue from operations (in ₹ crores) | 13,853.93 | 10,739.80 | 28.99 |
| Net profit (in ₹ crores) | 135.76 | 132.70 | 2.30 |
| Operating profit margin | 2.36% | 2.78% | (15.10) |
| Debt-to-equity ratio (in times) | 3.25 | 2.44 | 33.19 |
In the short span of its operations, the company has performed impressively in almost all financial metrics. However, operating cash flows for the company have been on the declining trend.
As of April 11, 2025, the share price of this company has surged by nearly 105% in a year. Moreover, its EPS has also improved over the years.
- CIAN Agro Industries and Infrastructure Ltd.
Established in 1985, the company’s largest segment is edible oil and spices. Its edible oil is popular by the brand ‘Amrutdhara’. Its financials are as follows:
| Particulars | FY 2024 | FY 2023 | Change(%) |
| Revenue from operations (in ₹ crores) | 170.70 | 289.99 | (41.13) |
| Net profit (in ₹ crores) | 4.89 | 0.33 | 1381.81 |
| Operating profit margin | 18.07% | 9.26% | 95.14 |
| Debt-to-equity ratio (in times) | 1.20 | 1.62 | (25.92) |
As of April 11, 2025, the share price of CIAN Agro has surged by more than 10 times in a year’s timeframe. Moreover, its EPS is also in the increasing trend.
Bottomline
The edible oil stocks have performed impressively in a year’s timeframe. The projected industry growth indicates potential investment growth for these companies. However, one investment category may not be suitable for all. Therefore, investors should determine their investment objectives and risk profile to make an informed investment decision.
Also, read A strong FMCG growth projection for 2025 results 17% surge in stocks
FAQs
- What are the types of edible oils used in India?
Some of the most common edible oils in India are groundnut, soybean, mustard, sunflower and coconut. These oilseeds are also prominently cultivated in India. Due to the growing inclination towards health benefits, rice bran and cottonseed oil are also popular in India.
- What is the future of the edible oils industry in India?
A report by NITI Aayog suggests that the national supply of edible oil will reach 26.7 MT by 2047. In this journey, the government aims to reduce the import dependency on edible oil. Apart from this, revenue from edible oil markets is expected to surge by 4.25% CAGR from 2025 to 2030.
- How to evaluate FMCG companies?
FMCG products are a crucial part of daily life. Therefore, a basic metric for evaluating these companies is through their product portfolio. The presence of an FMCG company across different types of products, their growth and market reach can be evaluated. Moreover, analysis of financials, margins and future prospects can provide a clear picture for the investors.
- What is the significance of cash flow from operations?
A cash flow statement is a detailed outline of a company’s cash positions and liquidity. Specifically, cash flow from operations indicates the cash-generating capacity from the core business of the company. It can affect debt management, dividend payout, expansion plans and long-term operational efficiency of the company.
- How can beginners invest in the stock market?
Before investing in the stock market, newbie investors should determine their risk profile for the market. After this, investors can analyse the sectors or specific stocks thoroughly to determine their fundamental strength. Moreover, one can also learn about basic price analysis, investment strategies and tools.
