Adani Wilmar becomes India’s largest FMCG company as revenue surges 46% YoY

Adani Wilmar has surpassed Hindustan Unilever (HUL) & took the first position as an FMCG giant.

On Monday, May 2, Adani Wilmar Ltd (AWL) reported its financial results for the fourth quarter ended on March 2022. Revenue from operations surged 46.2% YoY to Rs 54,214 crore in FY21-22 making it India’s largest fast-moving consumer goods (FMCG) company.

Adani Wilmar has surpassed Hindustan Unilever (HUL) & took the first position as an FMCG giant. HUL has reported annual revenue of Rs 51,468 crore for FY21-22.

The edible oil company reported a 26% YoY decline in the net profit at Rs 234 crore in Q4. In the same quarter the previous year, the company had recorded a net profit of Rs 315 crore. Billionaire Gautam Adani launched Adani Wilmar in partnership with the Wilmar Group of Singapore.

The company has been recently listed on the stock exchange after it raised Rs 3,600 via initial public offering (IPO). Today, Adani Wilmar shares were trading in red, the shares closed 3.70% lower at Rs 751.50/piece on the National Stock Exchange (NSE).

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