The food and related industry has often maintained a sustained hold in the markets. However, recently, the FMCG sector has faced a dip. In such a scenario, the Union Budget 2025 brought significant reforms to boost consumer demand among the Indian middle class.
On the other hand, in FY 2023-24, India produced 5-6% of the global oilseeds. With ₹29,587 crores, India has also recorded a strong export of edible oil-related items.
Therefore, this blog explores the top vegetable oil stocks against the backdrop of potential industry growth and a renewed push by the 2025 Budget.
Comparing vegetable oil stock prices
Listed below are the top vegetable oil stocks ranked based on market capitalisation as of 19th April 2025.
| Name | Market Cap (₹ Cr.) | P/E | NPM Quarterly (%) | 1-Year Return (%) |
| Patanjali Foods Ltd. | 71,461 | 62.2 | 4.07 | 40.7 |
| Manorama Industries Ltd. | 6,191 | 75.2 | 14.1 | 107 |
| Gokul Agro Resources Ltd. | 3,742 | 15.5 | 1.45 | 122 |
| Sundrop Brands Ltd. | 3,034 | 442 | 3.24 | 9.46 |
| AVT Natural Products Ltd. | 921 | 20.6 | 12.5 | -29.0 |
| K.N. Agri Resources Ltd. | 532 | 16.0 | 1.90 | 66.7 |
| Kriti Nutrients Ltd. | 525 | 12.8 | 4.77 | 0.37 |
| Modi Natural Ltd. | 503 | 20.9 | 4.37 | 78.8 |
| Shri Venkatesh Refineries Ltd. | 460 | 31.0 | 2.34 | 88.2 |
| Gokul Refoils and Solvent Ltd. | 449 | 44.4 | 0.06 | 13.7 |
10 top vegetable oil stocks in India
It is important to take a keen look at the best companies operating in the industry. A company profile is one of the most important considerations when it comes to stock market investment.
Patanjali Foods Ltd.
It is the market leader among the vegetable oil stocks based on market capitalisation. With over 1.5 million retail touchpoints, this company maintains a diverse product range. Patanjali has a presence in over 33 countries and more than 7,500 distributors. It is also the leading exporter of soya products in India. Established in 2006, Patanjali has become a household name for many FMCG products, like edible oil.
The table below compares the financial performance of the company in the December 2024 and December 2023 quarters.
| Particulars | December 2023 (₹ crore) | December 2024 (₹ crore) | Change (%) |
| Revenue (sales) | 7,911 | 9,103 | 15.07 |
| Operating profit | 344 | 541 | 57.27 |
| Net profit | 217 | 371 | 70.97 |
| EPS (₹) | 5.98 | 10.25 | 71.40 |
Also read: List of Top Dyes and Pigments Stocks in India 2025
Manorama Industries Ltd.
One of the top vegetable oil stocks in India, it was established in 2005. The objective of the company was to be the one-stop destination for all plant-based oils. The company is the flag bearer in setting up a massive geographic network for raw material sourcing. Its raw material sourcing channel protects its production from seasonal fluctuations.
The table below compares the financial performance of the company in the December 2024 and December 2023 quarters.
| Particulars | December 2023 (₹ crore) | December 2024 (₹ crore) | Change (%) |
| Revenue (sales) | 98 | 209 | 113.27 |
| Operating profit | 16 | 55 | 243.75 |
| Net profit | 7 | 30 | 328.57 |
| EPS (₹) | 1.25 | 4.95 | 296 |
Gokul Agro Resources Ltd.
Incorporated in 2014, this company has spread its customer base to international markets as well. It produces both edible and non-edible oils. The corporation’s business verticals include castor oil derivatives, refineries and oleo chemicals. The company produces sunflower oil, soybean oil, mustard oil, rice oil, etc.
The table below compares the financial performance of the company in the December 2024 and December 2023 quarters.
| Particulars | December 2023 (₹ crore) | December 2024 (₹ crore) | Change (%) |
| Revenue (sales) | 3,340 | 4,988 | 49.34 |
| Operating profit | 72 | 140 | 94.44 |
| Net profit | 34 | 73 | 114.71 |
| EPS (₹) | 2.28 | 4.92 | 115.79 |
Sundrop Brands Ltd.
Among the top ten vegetable oil stocks, this company was previously called Sundrop Brands Limited. It is a publicly traded limited company that produces, markets and sells a variety of food products and edible oils. The enterprise operates in various vegetable oil verticals. From sunflower oil to mustard oil, it has become a household name.
The table below compares the financial performance of the company in the December 2024 and December 2023 quarters.
| Particulars | December 2023 (₹ crore) | December 2024 (₹ crore) | Change (%) |
| Revenue (sales) | 192.81 | 208.30 | 8.03 |
| Operating profit | 8.95 | 14.40 | 60.89 |
| Net profit | 2.52 | 3.91 | 55.16 |
| EPS (₹) | 1.03 | 1.60 | 55.34 |
AVT Natural Products Ltd.
With over 25 years of experience, A.V. Thomson Natural Products Ltd. is among the top vegetable oil stocks in India based on market capitalisation. It belongs to the Thomson Group. It is a family-owned group that specialises in spices, oils and other consumer products. The company has garnered multiple certifications, like ISO. It also maintains a strong CSR commitment.
The table below compares the financial performance of the company in the December 2024 and December 2023 quarters.
| Particulars | December 2023 (₹ crore) | December 2024 (₹ crore) | Change (%) |
| Revenue (sales) | 154 | 173 | 12.34 |
| Operating profit | 36 | 30 | -16.67 |
| Net profit | 22 | 22 | – |
| EPS (₹) | 1.47 | 1.42 | -3.40 |
K.N. Agri Resources Ltd.
Established in 1987, the company is into the production of edible oils, feed for farm animals, soy products, etc. The company caters not only to the farmers but also to the ultimate customer. It owns three extensive plants in Madhya Pradesh and utilises wind power for production. It is among the top ten vegetable oil stocks in India based on market capitalisation.
The table below compares the half-yearly financial performance of the company.
| Particulars | March 2023 (₹ crore) | September 2024 (₹ crore) | Change (%) |
| Revenue (sales) | 1,063 | 754 | -29.07 |
| Operating profit | 29 | 25 | -13.79 |
| Net profit | 19 | 14 | -26.31 |
| EPS (₹) | 7.59 | 5.74 | -24.37 |
Kriti Nutrients Ltd.
A one-stop solution for soya oil, this company is a household name for over 20 million households. Established in 1992, it also has a massive presence, spanning over 25 countries. Products of Kriti undergo extensive quality checks. The company claims there are over 30 quality checks done.
The table below compares the financial performance of the company in the December 2024 and December 2023 quarters.
| Particulars | December 2023 (₹ crore) | December 2024 (₹ crore) | Change (%) |
| Revenue (sales) | 166.80 | 172.92 | 3.67 |
| Operating profit | 18.60 | 11.06 | -40.54 |
| Net profit | 14.19 | 8.25 | -41.86 |
| EPS (₹) | 2.83 | 1.65 | -41.70 |
Also read: List of Top Containers & Packaging Stocks in India 2025
Modi Naturals Ltd.
Established in 1974 is Punjab, the company has traded the path to become the largest rice bran oil processor in India. It operates a range of products. However, some of its most famous verticals include Oleev, PIPO, etc. Karishma Kapoor is the brand ambassador of the company. It is among the top ten vegetable oil stocks in India based on market capitalisation.
The table below compares the financial performance of the company in the December 2024 and December 2023 quarters.
| Particulars | December 2023 (₹ crore) | December 2024 (₹ crore) | Change (%) |
| Revenue (sales) | 104.47 | 179.02 | 71.36 |
| Operating profit | -1.25 | 13.29 | -1163.2 |
| Net profit | -4.19 | 7.82 | -286.63 |
| EPS (₹) | 0.96 | 5.97 | 521.87 |
Shri Venkatesh Refineries Ltd.
Incorporated in 2003, the company has a strong network of 145 dealers. The company has become a household name for sunflower oil, palm oil, soya oil, etc. Shri Venkatesh Refineries Ltd. controls the complete production and distribution process of the soya and palm oil. It operates under the brand name Rich Soya.
The table below compares the half-yearly financial performance of this top vegetable oil stock.
| Particulars | March 2024 (₹ crore) | September 2024 (₹ crore) | Change (%) |
| Revenue (sales) | 288 | 308 | 6.94 |
| Operating profit | 14 | 15 | 7.14 |
| Net profit | 8 | 7 | -12.5 |
| EPS (₹) | 3.45 | 3.26 | -5.51 |
Gokul Refoils and Solvent Ltd.
With over three decades of expertise, the company is one of the top companies operating in the vegetable oil industry. Gokul Refoils and Solvent Ltd. maintains a quality media presence through varied partnerships and advertising campaigns. Different brands are operating under this banner, such as Gokul Nutrients. It is among the top ten vegetable oil stocks in India based on market capitalisation.
The table below compares the financial performance of the company in the December 2024 and December 2023 quarters.
| Particulars | December 2023 (₹ crore) | December 2024 (₹ crore) | Change (%) |
| Revenue (sales) | 807.13 | 1,006.76 | 24.73 |
| Operating profit | 12.76 | 7.03 | -44.91 |
| Net profit | 2.02 | 0.58 | -71.29 |
| EPS (₹) | 0.20 | 0.06 | -70 |
Bottomline
Indians and their food palette have a very strong bond. Therefore, items like edible vegetable oil and other food-related products form a significant share of the FMCG and agri industry in India.
Investment in vegetable oil stocks can generate returns if done through optimum fundamental and technical analysis. Traders should consider their risk appetite and set a proper risk-return ratio to optimise their stock market investment.
Also read: List of Top Breweries & Distilleries Stocks in India 2025
FAQs
- Which stocks should be bought in India in 2025?
It might be very speculative to identify a particular stock. The stock market is prone to volatility and uncertainty. Meanwhile, equities in industries like IT, EVs, and sustainability may keep rising due to their close linkages to the future. These industries are expected to have a big influence in the years to come since they deal with the challenges of the future. Some of these even get a lot of government support since they are future-oriented.
- Which is the best oil stock to buy in India?
Based on market capitalisation as on 19th April 2024, Patanjali Foods Ltd. tops the list of vegetable stocks. This firm maintains a wide variety of products across more than 1.5 million retail touchpoints. With more than 7,500 distributors, Patanjali is present in more than 33 countries. Additionally, it is India’s top exporter of soy products. Since its founding in 2006, Patanjali has grown to be a well-known brand for a variety of FMCG goods, including edible oil.
- Which is the No. 1 oil company in India?
Indian Oil Corporation Limited (IOCL) is the top oil firm in India. Leading the refinement and marketing of petroleum products, it is biggest public sector oil business in the country. Operating a huge nationwide network of refineries, pipelines, and retail locations, IOCL holds a significant market share in the oil industry. Based on market capitalisation as on 19th April 2024, Patanjali Foods Ltd. tops the list of vegetable stocks.
- Which is the leading food product company in India?
The biggest foodservice business in India is Jubilant FoodWorks Limited, which is a member of the Jubilant Bhartia Group. Founded in 1995, the business has the only master franchise rights from Domino’s Pizza Inc. to create and run the Domino’s Pizza brand in Bangladesh, Nepal, India, and Sri Lanka. There are 1,928 Domino’s restaurants spread throughout 407 cities in India, making it a robust and vast network. At the moment, it runs 25 Dunkin’ locations in eight cities and 32 Popeyes restaurants in ten cities.
- Which vegetable oil is most consumed in India?
The most popular vegetable oil in India is palm oil. According to some estimates, it makes up around 38% of the total edible oil used, which is a substantial amount. Other oils, including soybean, mustard, and sunflower, are also widely used, even though palm oil is imported from nations like Indonesia, Malaysia, and Thailand. Irrespective of its rampant use, the company is infamous for its health hazards.
