The fast-moving consumer goods (FMCG) industry in India is poised for significant growth and transformation in 2025 and beyond, driven by rising incomes, urbanisation, rural market expansion, and digital adoption.
According to the IMARC Group, India’s FMCG market size was valued at US$ 245.39 billion (bn) in 2024. The market is expected to reach US$ 1,108.48 bn by 2033, exhibiting a CAGR of 17.33% from 2025-2033.
Here are 2 fundamentally strong FMCG penny stocks for your watchlist.
#1 BCL Industries
First on our list is BCL Industries.
BCL Industries is an agro-processing company with operations that spans edible oils, Vanaspati, grain procurement, ethanol, and biofuels. The company has a presence of over five decades.
BCL Industries operates state-of-the-art distilleries with advanced, energy-efficient, and environmentally sustainable processes, including zero-discharge units.
Coming to financials of the company, in Q1 FY26 BCL Industries reported consolidated net sales of Rs 8,203 m against Rs 6,585 m in the corresponding period of last year. Net profits for Q1 FY26 was Rs 335 m against Rs 245 m YoY. There was a solid 26% YoY increase in net profits.
BCL Industries has reported a 5-year average ROE of 16% and 3-year ROCE of 20.9%.
Moving ahead, at the company’s Bathinda distillery, BCL Industries is expanding alongside the development of new biodiesel facility. These efforts are designed to expand the company’s production capabilities while increasing flexibility and improve cost structures.
The company is also embracing cleaner fuels and advanced technologies to lower energy consumption and enhance process sustainability. These ongoing investments will allow it to respond effectively to market demand, and deepen its presence in biofuels.
How Shares of BCL Industries have Performed
In the past five days, BCL Industries shares have moved lower to Rs 40.46 from Rs 41.15. In the last one month, the share price has lost 10%. In the last one year the shares have lost 30%.
The stock touched its 52-week high of Rs 68.83 on 18 September 2024 and its 52-week low of Rs 33 on 7 April 2025.
BCL Industries Share Price – 1 Month
#2 HMA Agro Industries
Second on our list is HMA Agro Industries.
HMA Agro Industries is one of the India’s leading exporters of seafood, frozen meat, pet food, rice, and finished leather products. Backed by solid infrastructure, and a strong distribution network, HMA Agro Industries was recognised as a Five Star Export House by the Government of India in FY25.
The company has also diversified into new product segments such as pet food, fresh gold for fish, vegetables, and fruits, and HMA gold for rice exports.
Coming to the financials of the company, revenue from operations for Q1 FY26 surged to Rs 11,226.1 m, a growth of 57.53% over Rs 7,126.12 m reported in the corresponding quarter of the previous year.
Net profits for the quarter stood at Rs 5.97 m compared to Rs 7.28 m in the previous year. The marginal contraction in net margins was largely the result of cost inflation outpacing the growth in revenue.
Going forward, the company says that it will continue to focus on enhancing revenue through market expansion, strategic tie-ups, and product innovation.
HMA Agro Industries is also taking initiatives to offset cost pressures, including long-term supplier contracts, freight optimisation, and automation.
How Shares of HMA Agro Industries have Performed
In the past five days, HMA Agro Industries shares have moved slightly lower to Rs 30.15 from Rs 31. In the last one month, the share price has remained flat. In the last one year the shares have lost 40%.
The stock touched its 52-week high of Rs 53.3 on 16 September 2024 and its 52-week low of Rs 27.54 on 1 April 2025.
HMA Agro Industries Share Price – 1 Month
Conclusion
The FMCG sector is expected to grow rapidly, driven by expansion into semi-urban and rural areas, increased adoption of e-commerce and quick commerce (Q-commerce), and product premiumisation.
However, challenges remain including inflationary pressures, subdued urban demand, and supply chain complexities, which may cause growth to be uneven across regions and product segments.
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Investors should evaluate the company’s fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.
Happy investing.
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