Key Points of Wipro Consumer Care & Lighting FY23 Sales:
- Wipro Consumer Care and Lighting achieved Rs 10,000 crore in sales for FY23, attributed to significant growth across various geographies, brands, and categories.
- Santoor became the second-largest player in the sandalwood soap segment in India with sales of over Rs 2,650 crore, and Enchanteur crossed the Rs 1,000 crore mark.
- In FY22, the company reported revenue of Rs 8,634 crore.
- FY23 was special for Wipro Consumer Care and Lighting, with 17% growth in the domestic FMCG business, and Malaysia strengthening its position as the number one personal care brand.
- Vietnam achieved a significant milestone by crossing the USD 100 million revenue mark with double-digit growth.
- The company expanded its footprint in the homecare segment by launching various products.
- Wipro Consumer Care and Lighting entered the food sector with the acquisition of Nirapara brand in the current fiscal year.
Details of Wipro Consumer Care & Lighting FY23 Sales:
Wipro Consumer Care and Lighting, a subsidiary of Wipro Enterprises led by Azim Premji, has achieved an impressive feat of crossing Rs 10,000 crore in sales for the financial year 2022-23. The company attributes this success to its significant growth across various geographies, brands, and categories. In a statement released by the company, it was revealed that the domestic FMCG business grew by a whopping 17% for the fiscal year that ended on March 31, 2023.
Sandalwood soap brand, Santoor, which is a part of Wipro Consumer Care and Lighting, has become the second-largest player in its segment in India with sales of over Rs 2,650 crore. Meanwhile, the company’s female toiletries brand, Enchanteur, has also crossed the Rs 1,000 crore mark.
Wipro Consumer Care and Lighting operates in the FMCG and lighting products segments, and in the fiscal year 2021-22, the company reported a revenue of Rs 8,634 crore. However, FY23 proved to be a special year for the company, with the FMCG business in India growing by 17%, and Malaysia strengthening its position as the number one personal care brand with a growth rate of over 20%. Vietnam also achieved a significant milestone by crossing the USD 100 million revenue mark with double-digit growth.
The company has expanded its footprint in the homecare segment by launching liquid detergents, fabric softeners, dish wash, and floor cleaners across key markets. Additionally, Wipro Consumer Care and Lighting announced its foray into the food sector with the acquisition of Nirapara brand in the current fiscal year.
Commenting on the achievement, Vineet Agrawal, CEO of Wipro Consumer Care and Lighting, said, “This is an exciting moment for us. We have come a long way since 2003, when we were Rs 300 crores to being a global FMCG company growing 33X times in the last two decades.”
Wipro Consumer Care and Lighting has been around since 1945, starting as a vanaspati brand with a factory in Amalner, Maharashtra. The company now has a presence in 60 countries, operating 18 factories with more than 10,000 employees. International businesses account for 51% of its revenue.
About Wipro Consumer Care & Lighting:
Wipro Consumer Care and Lighting, established in 1945 as a vegetable oil company, has emerged as one of the most rapidly growing FMCG companies in India, Asia, and Africa. The company boasts a workforce of over 10,000 talented employees and operates in more than 60 countries, primarily in India, SAARC, ASEAN, MENA, South Africa, and the UK.
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