Pros
Well Danone is a decent name to have on CV, no argument there. Lot of employees refer Danone India as a retirement company, and I agree with them totally, If one wants a low pressure job with hindu rate of growth then Danone India might be an ideal place for you. A big pro is you can get a jump of life-time while switching to Danone in India, there are multiple hires who got 2-3 level of designation jump along with up to 100% of increment. So be aware, open your mouth as wide as you can while negotiation. HR is struggling to get people on board, and I am not exaggerating a bit here.
Cons
Now cons, as you feel by now I am a little dissatisfied employee here and I make no other claim here. I joined Danone thinking of it as a high career growth company for a talented marketer (My previous career record did hint that I am :D), but it is not. Marketing role's significance is almost close to zero here. Finance decides even tiniest of the marketing initiatives, Medical, Legal, Regulatory decide what communication you can roll out, Operations decide what new product you can launch...So the nutshell you are a peon running from door to door to seek everyone's approval. At last place is full of mediocre people and also run by them, so no scope for top performers, top institute guys (Don't think you will make a cut among mediocres, we few did and have failed). Absolute no for FMCG guys, its a doctor business. Danone dairy , which is an fmcg setup, is too small to join in for a core FMCG person unless you are paid twice of your current pay.