The Dharampal Satyapal (DS) Group, a major player in India’s fast-moving consumer goods (FMCG) sector, has crossed Rs 10,000 crore in revenue for the financial year 2024–25, placing it among the top 15 FMCG companies in the country. The group’s growth was led by its food and beverage segment, which now accounts for the largest share of its business.
According to the company, the F&B vertical contributes 42% of its total revenue, followed by mouth fresheners at 38%. Tobacco, once central to DS Group’s identity, now constitutes less than 10% of its turnover. Other sectors, such as hospitality, dairy, and luxury retail, make up the remaining share.
The milestone follows a three-year compound annual growth rate (CAGR) of 16% across the business, with the F&B division growing at a sharper 19%. Company officials attribute the performance to a mix of organic growth, a broadening distribution network, and strategic adaptation to shifts in consumer behaviour, particularly in online and quick commerce channels.
The group operates across India with over 5,000 distributors and reaches more than 1.5 million retailers directly. It has also been expanding into modern trade and online marketplaces, reflecting a shift toward digital-first retail strategies.
Speaking at a recent internal event, Vice Chairman Rajiv Kumar described the Rs 10,000 crore mark as a “significant point in the Group’s journey,” noting that DS Group aims to hit Rs 20,000 crore in revenue by its centenary year. He emphasised the role of innovation and product development in driving future growth.
With a portfolio of popular consumer brands across spices, beverages, and confectionery, DS Group has also made inroads into hospitality and dairy. Its hotel business now includes six properties, and the group has announced plans to invest Rs 1,000 crore to expand this portfolio to 10–12 hotels in the next three years.
Beyond business expansion, the company says it is increasing its investment in sustainability initiatives, including goals around water and carbon neutrality. Senior executives have also pointed to an evolving environmental, social, and governance (ESG) framework as part of its long-term strategic planning.