India's Petcare Industry Booms: 5 Stocks to Watch Out for in 2025

India's petcare industry is growing at a rapid pace.

The industry was valued at US$ 3.6 billion (bn) in 2024. It is now projected to nearly double to about US$ 7 bn by 2028, according to Redseer Strategy Consultants. The COVID-19 pandemic accelerated pet adoption, especially among the younger urban population.

Online sales of pet products and services have surged, growing by 95% year-on-year (YoY). There is rising demand for organic, hypoallergenic pet foods, smart pet devices, and accessories.

Several companies are set to capitalise on the fast growth of the sector.

Here are 5 such companies to watch out for in the stock market.

#1 Mankind Pharma

The first company on our radar is Mankind Pharma.

It's one of India's top pharmaceutical companies, with a strong pan-India presence primarily focused on the domestic market.

The company offers a diversified portfolio in the petcare business that includes pet food, medicines, and supplements.

PetStar is Mankind Pharma's flagship pet food brand. It was launched to cater to the nutritional needs of pets, particularly dogs and cats.

It offers dry food, treats, gravy, and other varieties designed to be palatable, nutritious, and healthy for pets. PetStar recipes are customised for the Indian climate and are developed by veterinary nutritionists.

The company leverages its strong supply chain and distribution network to ensure accessibility of pet care products across urban and rural areas.

Mankind Pharma Financial Snapshot (FY20-24)

(Rs m, consolidated)	FY20	FY21	FY 22	FY 23	FY 24
Net Sales	58,719	62,144	77,816	87,494	103,348
Net profit	10,561	12,930	14,530	13,097	19,418
Return on Equity (%)	30.3	27.4	23.6	17.6	20.8
Return on Capital Employed (%)	41.2	35.8	32.8	23	26

Source: Equitymaster

On the financial front, Mankind Pharma reported its Q4 FY25 consolidated results with a mixed performance. Revenue of the company surged 27.1% to Rs 30.79 bn.

The company's net profit declined 10.7% YoY to Rs 4.26 bn compared to Rs 4.74 bn in Q4 FY24.

Mankind Pharma's pet care business alongside a wide range of medicines, supplements, and grooming products should help the company gain a foothold in the petcare market.

To know more, check out Mankind Pharma's fact sheet and latest quarterly results.

#2 Emami

Second on our list is Emami.

Emami is one of India's leading and fastest-growing FMCG companies specialising in personal care and healthcare products.

Emami has entered the pet care industry through strategic investments and acquisitions focused on Ayurvedic and natural pet care products.

The company acquired a 30% stake in the pet care startup Cannis Lupus Services India. Emami owns the brand "Fur Ball Story" known for its Ayurvedic and chemical-free pet care solutions.

Last year, Emami further invested via subscription to compulsorily convertible preference shares of Cannis Lupus, strengthening its stake and control in the company.

Emami Financial Snapshot (FY20-24)

(Rs m, consolidated)	FY20	FY21	FY 22	FY 23	FY 24
Net Sales	26,549	28,805	31,872	34,057	35,781
Net profit	3,023	4,547	8,367	6,274	7,241
Return on Equity (%)	16.6	25.8	40.3	27.2	29.6
Return on Capital Employed (%)	21.6	33	33.4	29.4	32.7

Source: Equitymaster

On the financial front, consolidated revenue of Emami for Q4 FY25 increased 8.1% YoY to Rs 9.63 bn, up from Rs 8.91 bn.

Net profit rose 8.7% YoY to Rs 1.62 bn in Q4 FY25, from Rs 1.49 bn in the same quarter last year.

Emami is actively scouting for more inorganic opportunities in pet care business. It's a part of broader inorganic growth strategy. It also plans to expand its product range to capture a larger part of the growing market.

To know more, check out Emami's fact sheet and latest quarterly results.

#3 Avanti Feeds

Third on our list is Avanti Feeds.

Avanti Feeds is one of India's largest integrated aquaculture companies.

The company has entered the pet care industry via its wholly owned subsidiary, Avanti Pet Care Pvt. Ltd. The subsidiary manufactures and trades in pet food and pet care products. Earlier this year, Avanti Pet Care launched its first pet food product, a cat food brand named "Avant Frust,".

Avanti Feeds has partnered with Thailand's Bluefalo Company through a joint venture with a focus on the Indian pet care market. Avanti holds a majority stake of at least 51% in this partnership, which operates via its wholly owned subsidiary, Avanti Pet Care.

Avanti Feeds Financial Snapshot (FY20-24)

(Rs m, consolidated)	FY20	FY21	FY 22	FY 23	FY 24
Net Sales	41,153	41,006	50,360	50,870	53,689
Net profit	3,863	3,974	2,452	3,123	3,938
Return on Equity (%)	27.5	22.6	12.9	14.9	16.6
Return on Capital Employed (%)	34.9	29.1	17.3	20.6	22.7

Source: Equitymaster

On the financial front, Avanti Feeds reported strong financial results for Q4 FY25. The sales of Rs 13.85 bn, grew 7.92% YoY from Rs 12.83 bn in Q4 FY24. The net profit surged 45.84% to Rs 1.57 bn from Rs 1.1.bn in the same quarter last year.

Avanti Feeds is setting up a state-of-the-art pet food manufacturing plant to be operational by December 2026. The company's strategy is to diversify beyond shrimp feed and processing, tapping into the fast-growing pet care industry driven by rising pet ownership.

To know more, check out Avanti Feeds fact sheet and latest quarterly results.

#4 Venky's India

Fourth on our list is Venky's India.

Venky's India is one of Asia's largest fully integrated poultry companies.

The company has a long-standing presence in pet care products. Venky's offers a comprehensive range of pet care products spanning pet food, health supplements, medicines, grooming products, and nutritional aids for dogs and cats.

Venky's India Financial Snapshot (FY20-24)

(Rs m, consolidated)	FY20	FY21	FY 22	FY 23	FY 24
Net Sales	32,610	31,166	44,003	42,337	37,381
Net profit	-272	2,677	1,648	705	791
Return on Equity (%)	-3.2	24.2	13.2	5.4	5.8
Return on Capital Employed (%)	-2.4	34.8	19.5	8.8	9.3

Source: Equitymaster

On the financial front, Venky's India reported a challenging Q4 FY25 with a significant decline in profitability and revenue. Revenue from operations decreased 5.89% to Rs 8.43 bn versus Rs 8.95 bn in Q4 FY24. The net profit fell 60.31% YoY to Rs 1.3 bn in Q4 FY25, from Rs 3.3 bn in Q4 FY24.

Venky's India plans to leverage its expertise in animal health and nutrition, developed over decades in the poultry and veterinary sectors, to serve the growing pet care market in India.

To know more, check out Venky's India fact sheet and latest quarterly results.

#5 Nestle India

Next on our list is Nestle India.

Nestle India is actively involved in the pet care products segment. It operates the Purina Petcare business - which it had acquired from Purina Pet Care India - offering premium dog and cat food under the Purina brand.

Additionally, Nestle S.A., the global parent company of Nestle India, has made a minority investment in Drools Pet Food Private Limited, one of India's leading home-grown pet food brands.

Nestle India Financial Snapshot (FY21-24)

(Rs m, consolidated)	FY20	FY21	FY 22	FY 23	FY 24
Net Sales	133,500	147,406	168,970	243,939	202,016
Net profit	20,824	21,184	23,905	39,328	32,076
Return on Equity (%)	103.1	108.8	97.2	117.7	80
Return on Capital Employed (%)	145.1	155	137.2	161.4	110.4

Source: Equitymaster

On the financial front, revenue of Nestle India increased 4.5% YoY to Rs 55.04 bn from Rs 52.68 bn in the same period last year. Net profit declined 5.2% YoY to Rs 8.85 bn.

The Nestle group has a clear strategy for the petcare business. While the Purina brand will target the premium segment, Drools will cover value-driven and local preferences.

To know more, check out Nestle India's fact sheet and latest quarterly results.

Conclusion

India's pet care industry is undergoing rapid transformation, fuelled by evolving consumer behaviour, startup innovation, and increasing investments.

Segments in food, services, and premium products are likely to grow rapidly. While infrastructure and market penetration challenges remain, the sector's growth trajectory is strong, supported by a new generation of pet parents and digital commerce expansion.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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.

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