Per Bain and DSG, insurgent consumer brands in India generated over $7.5B in FY25, growing nearly 4x in five years and outpacing traditional FMCG by margin.
ReadingThe steal: if you are launching a physical product in India or the global diaspora, start with insurgent brand playbooks, not FMCG ones. These brands own direct channels, move inventory via livestream and social proof, and use retail as confirmation, not origin. The winning sequence is audience first, then shelf. Copy the upstream mechanics—community ops, creator seeding, founder visibility—not the downstream ones.
MY STASH TAKEThe hard part is that this report is five years old by the time most brands read it. The insurgent playbook is now the baseline in India. If you are starting a food, wellness, or personal-care brand and you're not thinking about direct-to-consumer velocity before retail, you're already behind. The brands winning are the ones who build a livestream audience before they walk into a retailer's office.
WatchWatch for insurgent brands to cross $10B in aggregate revenue in FY26 and for traditional FMCG to contract further in unit share.