Adani Wilmar eyes Rs 50,000 cr turnover in 5 yrs, pins hope on packed food

Completes 20 years of Fortune brand of edible oil and foods with a turnover of over Rs 30,000 crore; sees packaged staples biz at 3x that of cooking oil in 5 years

Having clocked a turnover of over Rs 30,000 crore, predominantly through edible oil products along with fast growing foods business, even as it completes 20 years of 'Fortune' brand, Adani Wilmar is eyeing Rs 50,000 crore turnover in next five years.

Moreover, with consumers increasingly preferring packaged staple food products to loose ones, the company anticipates growth from food business to be thrice its edible oils business growth over the next five years. 

Commenting on the completion of 20 years of Fortune brand of edible oil and staples, Adani Wilmar's deputy CEO Angshu Mallick stated that while the company's history