Yes. If the salary revision is a general revision applicable to all employees as part of any settlement or award, then the benefit of that settlement should be available to all employees who are on the rolls on the date of effect.
At the same time, if it is a revision based on performance as evidenced by a revision letter issued individually to each employee, then the company should not have given you any increment letter, and in such a scenario, you should not have been considered for the increase.
The former applies in PSUs and in companies where there is an organized pay system, but the latter is applicable to many more private establishments that do not follow the principles of compensation.