Q. Which became the largest fast-moving consumer goods (FMCG) company of India, surpassing HUL?
Answer:
Adani Wilmar Ltd
Notes: Adani Wilmar Ltd, a joint venture between the Adani group and Wilmar International of Singapore, has surpassed the 88-year-old Hindustan Unilever (HUL) which was the country’s largest FMCG firm.
Adani Wilmar reported Rs 54,214 crore revenue from operations for the financial year 2021-22, up 46.2% year-on-year, against HUL’s revenue Rs 51,468 crore. Edible oil business has contributed around 84 per cent to Adani Wilmar’s revenue.