Wipro FMCG arm’s revenue up 3.5% in FY25 – OXBIG NEWS NETWORK-OxBig News Network

BENGALURU: Wipro Consumer Care & Lighting (WCCL)’s revenue rose by 3.5% to Rs 10,600 crore in the 2024-25, with demand impacted by inflation and subdued consumer sentiment. “We are clearly seeing a slowdown in China – dramatic drops of 20% to 25%. We haven’t dropped as much but are facing flat or marginal declines there. India shows muted growth, mainly due to the demand environment and last year’s election delaying govt orders. However, volume growth was 7.8% last year, the highest in the industry. No quarter grew less than 7% volume-wise. However, premium and economy products did well,” its CEO, Vineet Agrawal, said.The company stated that its flagship Santoor soap and body lotion brand crossed sales of over Rs 2,750 crore during the same period, marginally up from Rs 2,650 crore in the year-ago period, with 51% of its revenue coming from international businesses. Yardley India continues to do well, and it’s now Rs 300 crore, consistently growing year on year. “Chandrika has grown both in India and internationally. For example, Unza, which we acquired in 2007, has grown significantly – approximately six to seven times since the acquisition,” he added.