Business Standard

Thursday, December 19, 2024 | 11:24 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Aashirvaad Atta

We are optimistic about India story, says ITC's Director Hemant Malik

Irrespective of whether we experience tailwinds or headwinds, the market opportunities for our various food categories in India are very large, says Hemant Malik, executive director of ITC

We are optimistic about India story, says ITC's Director Hemant Malik
Updated On : 07 Apr 2024 | 6:15 PM IST

ITC's FMCG biz grows at 14% CAGR in last 3 yrs, Aashirvaad Rs 8k cr brand

Diversified group ITC's FMCG business expanded at a compounded annual growth rate of 14 per cent in the last three years while its Aashirvaad brand has become an Rs 8,000 crore product in terms of consumer spends, according to a company presentation. ITC is "one of the fastest growing FMCG Businesses in India" with rapid scale in revenues, which is largely "driven by brands developed in-house", ITC in an investor presentation released on Tuesday. ITC's FMCG products are now "present in 3 of 4 households in India," it added. Its foods business has a CAGR of 13 per cent over 10 years and 3-times growth in last 10 years. The Sunfeast brand has crossed over Rs 5,000 crore in terms of consumer spends, said ITC. Moreover, its snacks brand Bingo, Yipee under which it sells instant noodles, Agarbatti brand Mangaldeep, stationery brand Classmate and its spice brand Sunrise have crossed Rs 1,000 crore of consumer spends. The company measures annual consumer spend as the sum total of what

ITC's FMCG biz grows at 14% CAGR in last 3 yrs, Aashirvaad Rs 8k cr brand
Updated On : 12 Dec 2023 | 11:28 PM IST

ITC stock puffed up over stable tax regime, steady volume recovery

Better capital allocation and valuation make it a preferred choice amid a volatile environment

ITC stock puffed up over stable tax regime, steady volume recovery
Updated On : 18 Jul 2022 | 6:03 AM IST

ITC's Savlon rides Covid wave to post four-fold jump in consumer spend

The brand would be the first from the personal care portfolio to clock in consumer spend of Rs 1,000 crore, says firm

ITC's Savlon rides Covid wave to post four-fold jump in consumer spend
Updated On : 07 Oct 2020 | 11:21 PM IST

Big brands tip the scales, grow faster and bigger than regional ones

National consumer brands outpace regional labels three years in a row, reports Kantar. Will the pandemic halt the trend?

Big brands tip the scales, grow faster and bigger than regional ones
Updated On : 14 Jul 2020 | 6:00 AM IST

ITC to file 3rd FIR against videos showing plastic in 'Aashirvaad Atta'

According to ITC, the first video claiming presence of plastic appeared in July 2017 and was telecast on a local TV channel in Siliguri, West Bengal

ITC to file 3rd FIR against videos showing plastic in 'Aashirvaad Atta'
Updated On : 16 Mar 2018 | 6:35 PM IST