T he country's largest fast moving consumer goods (FMCG) company gave its managing director & CEO a lower increase in salary in FY12 compared to the previous year, but Nitin Paranjpe of Hindustan Unilever (HUL) still walked away with a 23 per cent increase, taking his yearly pay to Rs 9.74 crore. That's marginally more than the average pay increase of 22 per cent, the highest in the past three years, for his counterparts at other top FMCG companies. The average percentage rise in CEO salaries for companies such as HUL, ITC, Nestle, GSK Consumer and Dabur was 18 per cent in FY11 and 14 per cent in FY10, show data compiled by Business Standard Research Bureau. The salary of Zubair Ahmed, MD of GlaxoSmithKline, shot up 32 per cent in FY12 versus four per cent in FY11.