Medilytix Bureau:
Packaged foods major Adani Wilmar Ltd. (AWL) today reported Rs 54,214 crore revenue from operations for FY2021-22, a 46.2 per cent higher year-on-year (YoY). With this jump in its revenue, from Rs 37,090 crore in the previous year, the consumer goods company from billionaire Gautam Adani’s stable has dislodged Hindustan Unilever (HUL) from the top spot in the local fast moving consumer goods (FMCG) market.
HUL, which has been holding the top spot, in terms of yearly revenue, for years, reported Rs 51,468 crore sales for FY2021-22.
Edible oils, from where AWL rakes in a large chunk of its revenue, contributed nearly 84 per cent towards its top-line and drove its sales for the year. At Rs 45,401 crore, sales edible oils segment jumped 47.3 per cent YoY from Rs 30,818 crore in FY2020-21.
Industry essentials business that forms nearly 11.4 per cent of its sales, grew 42 per cent to Rs 6,191.5 crore from Rs 4,366 crore. The business segment is primarily represented by AWL’s oils derivates business, such as oleo-chemicals and castor oils that are extensively used in the production of beauty, personal and skin care items.
HUL, which has been holding the top spot, in terms of yearly revenue, for years, reported Rs 51,468 crore sales for FY2021-22.
Edible oils, from where AWL rakes in a large chunk of its revenue, contributed nearly 84 per cent towards its top-line and drove its sales for the year. At Rs 45,401 crore, sales edible oils segment jumped 47.3 per cent YoY from Rs 30,818 crore in FY2020-21.
Industry essentials business that forms nearly 11.4 per cent of its sales, grew 42 per cent to Rs 6,191.5 crore from Rs 4,366 crore. The business segment is primarily represented by AWL’s oils derivates business, such as oleo-chemicals and castor oils that are extensively used in the production of beauty, personal and skin care items.