Adani Wilmar Ltd. (AWL), a major manufacturer of packaged goods, today announced revenue from operations of Rs 54,214 crore for FY2021-22, up 46.2% from the prior year (YoY).
The consumer goods firm owned by billionaire Gautam Adani has displaced Hindustan Unilever (HUL) from the top position in the local fast moving consumer goods (FMCG) industry with this increase in sales from Rs 37,090 crore the previous year.
HUL, which has long held the top rank in terms of yearly income, announced revenues of Rs 51,468 crore for the fiscal years 2021–2022.
The source of a significant portion of AWL's income, edible oils, provided about 84 percent to its top line and fueled sales for the year.
Sales in the food oils category increased 47.3 at Rs 45,401 crore.
AWL's oils derivates business, which includes oleo-chemicals and castor oils
that are widely utilised in the creation of beauty, personal care, and skin care products, is principally represented in the business sector.