ITC, a diversified conglomerate based in cities, has unveiled its foray into the dairy industry in the state of Jharkhand. Under its ‘Aashirvaad Svasti’ brand, the company will introduce a range of dairy products, including milk, yogurt, cottage cheese (paneer), lassi, and sweet curd (‘mishti doi’) to cater to consumers in Jharkhand, according to an […]
ITC, in a bid to address investor concerns over the demerger of its hotels business, has outlined plans to boost its Return on Capital Employed (RoCE) by up to 20 per cent. The company aims to ensure that the new entity, ITC Hotels, maintains a well-capitalised, debt-free balance sheet. The demerger is designed to benefit […]
ITC‘s revenue from its fast-moving consumer goods (FMCG) business witnessed a substantial growth of 20 per cent in the fiscal year 2022-23 (FY23), according to a recent media reports. The revenue reached Rs 29,000 crore compared to Rs 24,000 crore in FY22. Notably, this impressive growth does not include revenue from its tobacco business, and […]
ITC on Thursday reported a 22.7 per cent year-on-year (YoY) increase in consolidated profit at Rs 5,225.02 crore for the quarter ended on 31 March 2023, compared to Rs 4,259.68 crore previous year in the same quarter. The company’s onsolidated revenue from operations rose by 7.3 per cent YoY at Rs 19,058.29 crore, against Rs […]
Expanding the brand’s portfolio further with B Natural Tender Coconut Water, with No Added Sugar & No Artificial Flavours to help consumers stay hydrated this summer In an endeavour to provide nature’s best refreshment in a bottle, B Natural Juices & Beverages, one of the most loved and reputed brands of ITC Ltd. has introduced […]
Chairman and Managing Director of ITC Sanjeev Puri on Thursday announced that that the company is taking measures to identify climate risks associated with extreme weather conditions. A team of experts is currently working on modelling using big data analytics to pinpoint hotspots, and the company plans to take steps to mitigate these issues, it […]
ITC Engage, one of India’s leading fragrance brands, has launched a new range of Eau De Parfums for occasion-based usage with day and night premium perfumes for men and women. In a first, ITC Engage, brings to bear the interesting interplay of fashion and fragrance. Exquisitely crafted, this new range of Engage Eau De Parfums […]
FMCG major ITC will buy a 100% share in Bengaluru-based healthy snack firm Yoga Bar, according to its regulatory filing on Tuesday. Over the next three to four years, the tobacco-to-food behemoth will acquire 100 per cent of Yoga Bar’s parent firm, Sproutlife Foods (SFPL). The business stated that it will buy 47.5 per cent […]
The Open Network for Digital Commerce (ONDC), an initiative of the Department of Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, Government of India, has opened its network to consumers and sellers in Meerut city from December 22. ONDC said Meerut has been strategically selected for beta testing as it shows great promise […]
Mukesh Ambani-led Reliance Consumer Products (RCPL) is set to take on the likes of FMCG food brands including ITC, Tata Consumer Products, Adani Wilmar and Patanjali. RCPL, the newly formed FMCG arm of Reliance Retail Ventures (RRVL), offers staples, processed foods, beverages and other daily essentials under the newly launched brand Independence. On […]
