Gupta Is Highest Paid FMCG CEO

In Puri and Jawa's case, it was just 1.9% and 3.8% each, while Narayanan's remuneration growth was flat in FY25, reflecting the challenges the sector was facing on account of an urban slowdown, industry and HR experts said.

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Narayanan's FY24 remuneration has been annualised (₹23.52 crore) to arrive at the FY25 growth rate. His FY24 compensation was for 15 months at ₹29.40 crore, according to the company's annual report.

"The domestic FMCG sector has had to deal with both slowdown concerns as well as growing competition from small and regional brands at the lower end and direct-to-consumer brands at the upper end. Market leaders were not immune to these pressures, which reflected in CEO compensation for these companies," Ajay Shah, HR expert and founder-president of upGrad Rekrut, said.

Yet, the compensation of the above three executives was 121 to 377 times more than the median remuneration of employees in these companies, their annual reports show.