This document discusses the cost of capital of fast moving consumer goods (FMCG) companies. It defines cost of capital and explains its importance for capital structure decisions, capital budgeting, and evaluating financial performance. It then discusses methods for calculating the cost of equity, including the dividend growth model and capital asset pricing model. It provides examples of applying these methods to calculate the cost of equity for P&G and Dabur. The advantages and disadvantages of the dividend growth model and capital asset pricing model are also outlined.