Revenue Growth Benchmarks
Top-line performance metrics of companies across industries and countries
Top 100 Indian Companies
The financial services and consumer cyclical sectors exhibited the highest growth, exceeding 20% in the LTM. On an annualized basis, energy companies had the most substantial growth, posting a 45% increase in the latest completed fiscal year, followed by utility (37%) and industrials (33%). Among the top 100 companies, Interglobe Aviation was the sole entity to double its revenues, while others like Adani Enterprises (97%), National Fertilizers (87%), and Chennai Petroleum (77%) demonstrated consistent growth in revenues on an y-o-y basis.
[ 1: LTM Sales in USD Biliion | Red Shading: Companies with negative growth in period]
| Sector | Company | HQ | Industry | Latest | LTM | year-on-year % | CAGR | ||||||||
| FQ | Sales1 | 3m | 6m | 9m | ltm | 1y | 2y | 3y | 5y | ||||||
| Basic Materials | UPL Ltd | IND | Agriculture | 2023-09 | 5.95 | -18.7% | -18.0% | -9.4% | -2.5% | 15.6% | 17.6% | 14.4% | 25.4% | ||
| National Fertilizers Ltd | IND | Agriculture | 2023-09 | 3.30 | -16.2% | -18.9% | -3.8% | 19.2% | 86.8% | 151.7% | 85.0% | 58.3% | |||
| Chambal Fertilisers & Chemicals | IND | Agriculture | 2023-09 | 2.78 | -37.3% | -30.9% | -24.0% | -4.4% | 72.8% | 47.8% | 31.5% | 29.8% | |||
| Grasim Industries Ltd | IND | Building Materials | 2023-09 | 14.90 | 10.0% | 10.4% | 12.6% | 13.7% | 23.2% | 24.2% | 16.3% | 16.2% | |||
| UltraTech Cement Ltd | IND | Building Materials | 2023-12 | 8.27 | 7.9% | 11.4% | 13.3% | 14.8% | 20.6% | 18.7% | 14.3% | 15.3% | |||
| Ambuja Cements Ltd | IND | Building Materials | 2023-12 | 3.80 | 1.2% | -2.4% | 4.9% | 5.4% | 18.5% | 3.7% | 3.9% | 7.5% | |||
| Asian Paints Ltd | IND | Chemicals | 2023-12 | 4.29 | 5.4% | 2.9% | 4.2% | 5.7% | 18.8% | 26.5% | 19.7% | 15.6% | |||
| Hindalco Industries Ltd | IND | Metals & Mining | 2023-09 | 26.11 | -3.6% | -6.2% | -4.2% | -1.9% | 14.5% | 30.2% | 23.7% | 14.1% | |||
| Vedanta Ltd | IND | Metals & Mining | 2023-12 | 17.45 | 3.8% | 5.1% | -1.2% | -2.3% | 10.8% | 29.4% | 20.3% | 9.7% | |||
| Hindustan Zinc Ltd | IND | Metals & Mining | 2023-12 | 3.52 | -7.4% | -13.1% | -16.8% | -13.5% | 15.6% | 22.8% | 22.0% | 8.8% | |||
| Tata Steel Ltd | IND | Steel | 2023-12 | 28.19 | -3.6% | -5.5% | -5.9% | -6.8% | -0.2% | 24.7% | 17.8% | 14.6% | |||
| JSW Steel Ltd | IND | Steel | 2023-12 | 20.99 | 6.9% | 6.7% | 8.2% | 6.1% | 13.8% | 44.8% | 32.0% | 18.5% | |||
| Steel Authority Of India Ltd | IND | Steel | 2023-09 | 13.15 | 13.2% | 7.6% | 2.7% | 1.8% | 0.9% | 23.6% | 19.7% | 12.9% | |||
| Jindal Steel & Power Ltd | IND | Steel | 2023-09 | 7.25 | -100.0% | -52.6% | -20.7% | -17.2% | 5.7% | 28.7% | 24.8% | 16.9% | |||
| Jindal Stainless Ltd | IND | Steel | 2023-12 | 4.69 | 0.7% | 6.2% | 12.2% | -11.1% | 9.9% | 71.2% | 40.7% | 25.4% | |||
| Jindal Saw Ltd | IND | Steel | 2023-12 | 2.42 | 9.7% | 20.9% | 22.5% | 24.3% | 34.7% | 29.0% | 15.2% | 15.7% | |||
| Communication Services | Bharti Airtel Ltd | IND | Telecommunication Services | 2023-09 | 17.78 | 7.3% | 10.6% | 11.8% | 13.7% | 19.4% | 17.6% | 18.0% | 11.0% | ||
| Vodafone Idea Ltd | IND | Telecommunication Services | 2023-12 | 5.15 | 0.6% | 0.8% | 1.2% | 1.5% | 9.5% | 0.2% | -2.1% | 8.3% | |||
| Indus Towers Ltd | IND | Telecommunication Services | 2023-12 | 3.41 | 6.4% | -2.7% | -1.0% | -2.0% | 2.4% | 42.6% | 61.5% | 33.8% | |||
| Tata Communications Ltd | IND | Telecommunication Services | 2023-12 | 2.40 | 24.4% | 17.3% | 15.1% | 13.2% | 6.7% | 2.1% | 1.5% | 1.2% | |||
| Consumer Cyclical | Rajesh Exports Ltd | IND | Retail - Cyclical | 2023-09 | 18.65 | na | -59.7% | na | -12.1% | 39.7% | 14.7% | 20.2% | 12.6% | ||
| Titan Co Ltd | IND | Retail - Cyclical | 2023-09 | 5.40 | 25.0% | 22.9% | 27.4% | 23.4% | 40.8% | 36.8% | 24.5% | 20.2% | |||
| Tata Motors Ltd | IND | Vehicles & Parts | 2023-09 | 34.61 | 46.6% | 189.2% | 56.4% | 116.3% | 24.6% | 17.5% | 9.7% | 3.5% | |||
| Mahindra & Mahindra Ltd | IND | Vehicles & Parts | 2023-09 | 15.74 | na | 16.1% | na | 21.1% | 34.5% | 28.0% | 17.1% | 5.8% | |||
| Maruti Suzuki India Ltd | IND | Vehicles & Parts | 2023-09 | 15.35 | 24.5% | 23.3% | 22.0% | 22.8% | 33.6% | 29.6% | 16.0% | 7.6% | |||
| Samvardhana Motherson Int. | IND | Vehicles & Parts | 2023-09 | 10.67 | 28.5% | 28.1% | 29.2% | 28.3% | 23.7% | 16.9% | 8.9% | 6.8% | |||
| Bajaj Auto Ltd | IND | Vehicles & Parts | 2023-12 | 4.99 | 31.4% | 18.5% | 21.7% | 19.5% | 10.1% | 14.0% | 6.7% | 7.4% | |||
| TVS Holdings Ltd | IND | Vehicles & Parts | 2023-12 | 4.65 | 17.9% | 17.4% | 19.3% | 20.0% | 31.2% | 28.6% | 19.1% | 13.9% | |||
| Hero MotoCorp Ltd | IND | Vehicles & Parts | 2023-09 | 4.19 | 4.1% | 4.4% | 7.6% | 6.1% | 16.4% | 5.3% | 5.4% | 1.2% | |||
| TVS Motor Co Ltd | IND | Vehicles & Parts | 2023-12 | 3.95 | 25.4% | 20.6% | 21.6% | 18.6% | 28.7% | 26.9% | 18.5% | 12.3% | |||
| Apollo Tyres Ltd | IND | Vehicles & Parts | 2023-09 | 3.01 | 5.4% | 5.3% | 7.1% | 8.5% | 17.2% | 19.3% | 14.4% | 10.5% | |||
| MRF Ltd | IND | Vehicles & Parts | 2023-09 | 2.91 | 6.7% | 9.9% | 10.4% | 11.8% | 20.1% | 19.2% | 12.2% | 8.9% | |||
| Consumer Defensive | Hindustan Unilever Ltd | IND | Consumer Packaged Goods | 2023-12 | 7.46 | -0.3% | 1.4% | 3.0% | 4.9% | 15.5% | 13.5% | 15.1% | 11.3% | ||
| Adani Wilmar Ltd | IND | Consumer Packaged Goods | 2023-09 | 6.61 | -13.3% | -12.7% | -10.8% | -6.3% | 7.5% | 25.2% | 25.2% | na | |||
| Patanjali Foods Ltd | IND | Consumer Packaged Goods | 2023-09 | 3.78 | -8.1% | -0.9% | 5.0% | 9.7% | 30.7% | 39.1% | 33.7% | 21.1% | |||
| Avenue Supermarts Ltd | IND | Retail - Defensive | 2023-12 | 5.88 | 17.3% | 18.0% | 18.0% | 18.6% | 38.4% | 33.2% | 19.8% | 23.2% | |||
| ITC Ltd | IND | Tobacco Products | 2023-12 | 8.47 | 1.6% | 2.9% | -0.6% | 1.0% | 16.9% | 19.8% | 12.8% | 10.3% | |||
| Energy | Reliance Industries Ltd | IND | Oil & Gas | 2023-12 | 106.45 | 3.9% | 2.4% | -0.1% | 0.8% | 25.6% | 37.2% | 13.8% | 17.6% | ||
| Indian Oil Corp Ltd | IND | Oil & Gas | 2023-12 | 93.80 | -4.2% | -12.3% | -5.9% | 0.7% | 41.2% | 51.4% | 20.0% | 14.9% | |||
| Oil & Natural Gas Corp Ltd | IND | Oil & Gas | 2023-09 | 78.25 | -12.9% | -11.6% | -6.5% | -1.4% | 28.8% | 50.2% | 20.0% | 16.3% | |||
| Bharat Petroleum Corp Ltd | IND | Oil & Gas | 2023-12 | 53.61 | -3.1% | -6.6% | -6.6% | -3.4% | 34.9% | 42.7% | 18.1% | 14.8% | |||
| Hindustan Petroleum Corp Ltd | IND | Oil & Gas | 2023-12 | 51.54 | 1.4% | -5.1% | -4.1% | -0.7% | 26.0% | 37.5% | 17.9% | 15.0% | |||
| Mangalore Refinery and Petrochem | IND | Oil & Gas | 2023-12 | 10.97 | -7.1% | -14.2% | -22.0% | -16.4% | 56.1% | 85.8% | 29.3% | 17.4% | |||
| Chennai Petroleum Corp Ltd | IND | Oil & Gas | 2023-12 | 8.06 | 8.2% | -4.6% | -17.1% | -11.3% | 77.0% | 85.1% | 27.4% | 18.7% | |||
| Petronet LNG Ltd | IND | Oil & Gas | 2023-12 | 6.89 | -7.7% | -9.8% | -0.6% | 5.4% | 38.8% | 51.8% | 19.2% | 14.4% | |||
| Oil India Ltd | IND | Oil & Gas | 2023-09 | 3.64 | -9.2% | -27.6% | -22.4% | -10.3% | 37.3% | 25.7% | 20.2% | 27.6% | |||
| Coal India Ltd | IND | Other Energy Sources | 2023-09 | 15.87 | 8.9% | 5.0% | 9.1% | 12.6% | 26.9% | 24.1% | 12.5% | 9.5% | |||
| Adani Enterprises Ltd | IND | Other Energy Sources | 2023-09 | 12.85 | -41.0% | -39.3% | -23.7% | -13.7% | 97.4% | 86.3% | 46.7% | 30.7% | |||
| Financial Services | State Bank of India | IND | Banks | 2023-09 | 36.91 | 16.9% | 27.4% | 28.7% | 26.2% | 14.5% | 20.1% | 11.4% | 12.0% | ||
| HDFC Bank Ltd | IND | Banks | 2023-03 | 27.71 | 31.3% | 28.7% | 27.9% | 28.7% | 18.2% | 13.4% | 15.0% | 16.2% | |||
| ICICI Bank Ltd | IND | Banks | 2023-12 | 18.64 | 13.1% | 15.8% | 19.1% | 19.9% | 16.5% | 6.9% | 8.9% | 9.9% | |||
| Axis Bank Ltd | IND | Banks | 2023-12 | 8.82 | 12.5% | 17.1% | 23.0% | 23.9% | 22.6% | 20.3% | 15.8% | 15.2% | |||
| Bank of Baroda | IND | Banks | 2023-09 | 8.56 | 23.0% | 37.0% | 38.5% | 38.9% | 24.2% | 16.3% | 15.0% | 20.4% | |||
| Kotak Mahindra Bank Ltd | IND | Banks | 2023-12 | 8.01 | 24.2% | 19.2% | 34.5% | 30.5% | 12.8% | 10.3% | 15.9% | 15.4% | |||
| Canara Bank | IND | Banks | 2023-12 | 7.57 | 15.6% | 12.2% | 17.1% | 15.9% | 11.3% | 7.3% | 29.1% | 24.8% | |||
| Union Bank of India | IND | Banks | 2023-12 | 6.56 | 9.5% | 10.4% | 14.5% | 22.9% | 18.0% | 12.1% | 42.2% | 26.8% | |||
| Punjab National Bank | IND | Banks | 2023-12 | 6.36 | 3.7% | 10.0% | 15.6% | 20.3% | 14.4% | 3.9% | 19.4% | 14.4% | |||
| Indian Bank | IND | Banks | 2023-12 | 3.77 | 6.8% | 12.4% | 14.9% | 18.0% | 16.3% | 13.5% | 37.0% | 26.5% | |||
| Bank of India | IND | Banks | 2023-09 | 3.64 | 42.2% | 48.7% | 43.9% | 36.1% | 22.4% | 12.7% | 6.5% | 12.0% | |||
| IndusInd Bank Ltd | IND | Banks | 2023-12 | 3.51 | 17.0% | 16.8% | 16.8% | 16.6% | 15.5% | 14.5% | 11.2% | 16.0% | |||
| Amrapali Industries Ltd | IND | Capital Markets | 2023-09 | 2.73 | -36.6% | -32.6% | -28.6% | -34.1% | -3.6% | 16.8% | 29.8% | 23.9% | |||
| Bajaj Finance Ltd | IND | Credit Services | 2023-12 | 3.93 | 26.5% | 27.5% | 27.7% | 28.4% | 33.9% | 29.7% | 19.3% | 28.8% | |||
| Power Finance Corp Ltd | IND | Credit Services | 2023-09 | 3.60 | 12.1% | 15.5% | 11.8% | 2.7% | -9.0% | 1.3% | 17.3% | 9.7% | |||
| Indian Railway Finance Corp Ltd | IND | Credit Services | 2023-09 | 3.14 | 16.5% | 17.6% | 13.0% | 15.1% | 17.5% | 23.0% | 21.2% | 20.9% | |||
| Cholamandalam Financial Holdings | IND | Credit Services | 2023-09 | 2.61 | 44.4% | 42.4% | 42.0% | 38.2% | 24.5% | 15.4% | 12.5% | 15.2% | |||
| Bajaj Finserv Ltd | IND | Diversified Financial Services | 2023-12 | 12.09 | 33.0% | 28.8% | 33.8% | 27.7% | 19.8% | 15.7% | 14.4% | 20.6% | |||
| Aditya Birla Capital Ltd | IND | Diversified Financial Services | 2023-09 | 3.72 | 11.4% | 17.1% | 6.4% | 9.6% | 12.3% | 5.7% | 19.6% | 20.1% | |||
| Life Insurance Corporation of India | IND | Insurance | 2023-09 | 98.17 | -7.2% | 2.9% | -401.4% | na | 8.9% | 7.2% | 8.4% | na | |||
| SBI Life Insurance Co. | IND | Insurance | 2023-12 | 14.18 | 45.7% | 24.4% | 61.4% | 46.5% | -2.7% | -0.9% | 22.6% | 18.9% | |||
| HDFC Life Insurance Co. | IND | Insurance | 2023-12 | 11.00 | 16.9% | 69.3% | 50.8% | 47.5% | 4.2% | -1.1% | 34.7% | 16.8% | |||
| ICICI Prudential Life Insurance Co. | IND | Insurance | 2023-12 | 9.46 | 52.6% | 9.8% | 75.3% | 52.3% | -21.3% | -23.3% | 34.3% | 4.9% | |||
| General Insurance Corporation of India | IND | Insurance | 2023-09 | 5.59 | 6.2% | -4.7% | -6.6% | -4.8% | -4.5% | -1.4% | -2.9% | 1.7% | |||
| The New India Assurance Co Ltd | IND | Insurance | 2023-09 | 5.13 | -8.8% | 1.6% | 7.5% | 8.4% | 14.5% | 11.6% | 10.7% | 10.7% | |||
| Max Financial Services Ltd | IND | Insurance | 2023-09 | 4.64 | 9.1% | 53.6% | 35.8% | 33.9% | 0.7% | 0.3% | 20.1% | 15.7% | |||
| ICICI Lombard General Insurance | IND | Insurance | 2023-12 | 2.39 | 13.4% | 13.8% | 14.0% | 13.7% | 12.1% | 19.7% | 17.1% | 13.9% | |||
| Healthcare | Sun Pharmaceuticals Industries Ltd | IND | Drug Manufacturers | 2023-09 | 5.54 | 11.0% | 10.9% | 11.9% | 12.2% | 12.6% | 14.1% | 10.2% | 10.7% | ||
| Dr Reddy's Laboratories Ltd | IND | Drug Manufacturers | 2023-12 | 3.29 | 6.6% | 7.8% | 13.9% | 14.3% | 14.7% | 13.8% | 12.1% | 11.6% | |||
| Aurobindo Pharma Ltd | IND | Drug Manufacturers | 2023-09 | 3.25 | 26.0% | 17.6% | 15.2% | 13.0% | 5.4% | 0.1% | 2.7% | 8.7% | |||
| Cipla Ltd | IND | Drug Manufacturers | 2023-12 | 3.03 | 13.5% | 14.0% | 15.2% | 13.6% | 3.9% | 8.8% | 10.4% | 8.9% | |||
| Industrials | Hindustan Aeronautics Ltd | IND | Aerospace & Defense | 2023-09 | 3.37 | 9.5% | 8.9% | 8.5% | 5.7% | 9.4% | 9.4% | 8.3% | 8.0% | ||
| Larsen & Toubro Ltd | IND | Construction | 2023-12 | 25.51 | 18.8% | 19.1% | 23.2% | 19.0% | 16.7% | 16.2% | 8.0% | 9.0% | |||
| Rail Vikas Nigam Ltd | IND | Construction | 2023-09 | 2.58 | 0.1% | 9.8% | 1.4% | 0.9% | 4.6% | 14.7% | 11.8% | 21.7% | |||
| Ashok Leyland Ltd | IND | Farm & Heavy Construction Machinery | 2023-09 | 5.41 | 19.1% | 16.9% | 22.6% | 29.1% | 58.9% | 46.3% | 24.0% | 7.2% | |||
| Bharat Heavy Electricals Ltd | IND | Industrial Products | 2023-09 | 2.74 | 0.3% | 4.1% | 3.6% | 2.9% | 9.8% | 16.6% | 2.6% | -4.6% | |||
| InterGlobe Aviation Ltd | IND | Transportation | 2023-09 | 7.38 | 19.6% | 24.7% | 37.2% | 42.3% | 110.0% | 95.7% | 15.5% | 19.3% | |||
| Adani Ports & SEZ | IND | Transportation | 2023-09 | 2.82 | 27.6% | 25.6% | 29.3% | 26.7% | 21.4% | 28.8% | 24.2% | 13.5% | |||
| Technology | Tata Consultancy Services Ltd | IND | Software | 2023-12 | 28.92 | 4.0% | 5.9% | 8.0% | 10.1% | 17.6% | 17.2% | 12.8% | 12.9% | ||
| Infosys Ltd | IND | Software | 2023-12 | 18.58 | 1.0% | 4.0% | 5.7% | 7.8% | 20.6% | 23.2% | 16.3% | 16.1% | |||
| HCL Technologies Ltd | IND | Software | 2023-12 | 13.08 | 6.5% | 7.3% | 8.8% | 11.0% | 18.5% | 16.0% | 12.8% | 14.9% | |||
| Wipro Ltd | IND | Software | 2023-09 | 11.15 | -0.1% | 2.9% | 5.6% | 7.7% | 14.4% | 20.9% | 14.0% | 10.7% | |||
| Redington Ltd | IND | Software | 2023-09 | 10.56 | 16.6% | 21.1% | 22.8% | 24.6% | 26.7% | 18.0% | 15.5% | 13.8% | |||
| Tech Mahindra Ltd | IND | Software | 2023-12 | 6.40 | -4.6% | -3.3% | -1.1% | 2.2% | 19.4% | 18.6% | 13.1% | 11.6% | |||
| LTIMindtree Ltd | IND | Software | 2023-12 | 4.28 | 4.6% | 6.4% | 8.7% | 11.7% | 27.1% | 63.8% | 45.0% | 35.3% | |||
| Utilities | Tata Power Co Ltd | IND | Utilities - Independent Power Producers | 2023-09 | 6.86 | 12.2% | 8.5% | 7.2% | 12.0% | 29.2% | 29.6% | 23.7% | 15.0% | ||
| Adani Power Ltd | IND | Utilities - Independent Power Producers | 2023-09 | 5.10 | 84.4% | 15.6% | 9.2% | 14.4% | 39.9% | 21.6% | 13.6% | 13.8% | |||
| Torrent Power Ltd | IND | Utilities - Independent Power Producers | 2023-09 | 3.22 | 3.8% | 8.1% | 19.6% | 29.0% | 80.7% | 45.4% | 23.5% | 17.6% | |||
| Reliance Infrastructure Ltd | IND | Utilities - Independent Power Producers | 2023-09 | 2.52 | 14.6% | 2.4% | -0.7% | -1.1% | 9.8% | 12.2% | 3.4% | 3.3% | |||
| NTPC Ltd | IND | Utilities - Regulated | 2023-12 | 21.22 | -3.1% | 0.5% | 5.7% | 11.7% | 32.6% | 24.9% | 16.7% | 15.1% | |||
| GAIL (India) Ltd | IND | Utilities - Regulated | 2023-12 | 16.52 | -10.3% | -11.6% | -3.0% | 5.1% | 57.1% | 59.5% | 26.2% | 21.7% | |||
| Power Grid Corp Of India Ltd | IND | Utilities - Regulated | 2023-09 | 5.39 | 1.0% | 1.2% | 3.6% | 4.6% | 8.0% | 5.9% | 6.2% | 8.1% | |||
| Source: Annual Filings, Company Website | |||||||||||||||