Manufacturing Sector is very important and crucial sector for the economic development of the country. Consumer goods sector is also showing good growth prospects due to development of the infrastructure sector development in India. Moreover, the concept of self-reliant also paved way for Make in India and increased focus on manufacturing Sector. In this paper, researcher have analysed 24 consumer goods sector firms Financial Performance for the last 5 years so as to understand the contribution of consumer goods sector in the economic growth and development of the country. The data of the Consumer goods sector has been taken from CMIE Prowess. Various ratios such as ROA, ROE & ROCE has been taken up and the capital structure variables such as liquidity, tangibility, profitability, NDTS, Operating Liability and ETR has been assessed in relation to financial Performance of the Consumer Goods Sector. The analysis found the impact of Tangibility, liquidity Profitability, NDTS and ETR on ROA.  Operating Liability and ICR were not impacting on ROA. Variables Tangibility, liquidity Profitability, NDTS and ETR were impacting on ROCE. Thus, Operating Liability and ICR were not impacting on ROCE.