What made Adani Wilmar India’s largest FMCG company? ...Middle East

Quartz - Economy
What made Adani Wilmar India’s largest FMCG company?
source : Quartz ( Middle East ) () 33
India has a new leader in its fast-moving consumer goods (FMCG) market and that is billionaire Gautam Adani’s Adani Wilmar.The packaged food major, a joint venture between the Adani group and Wilmar International of Singapore, has dethroned the 88-year-old Hindustan Unilever (HUL) which was till now the country’s largest FMCG firm.On May 2, Adani Wilmar reported Rs54,214 crore revenue from operations for the financial year 2021-22, up 46.2% year-on-year (YoY). This reflected a total jump of Rs37,090 crore in revenues from the last year.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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