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ITC to invest INR 1,500 Crore in Madhya Pradesh for food manufacturing and packaging plants
On Sunday, ITC, a diversified conglomerate, announced its plans to allocate approximately INR 1,500 crore for the establishment of an integrated food production and...
ITC collaborates with 45 startups to foster innovation and agility across industries
Sanjiv Puri, the Chairman of ITC, revealed that the conglomerate has joined forces with around 45 startups. This collaboration aims to foster agility and...
FMCG sector witnesses growth surge in June quarter: Volume and margins rise amid inflation moderation, small players reenter market
The Fast-Moving Consumer Goods (FMCG) sector experienced a rise in sales volume and an increase in gross margins during the June quarter. This growth...
ITC board gives nod to hotel business demerger plan; listing expected in 15 months
On Monday, the ITC board granted its approval to a proposed arrangement that entails the separation of its hospitality business. According to this scheme,...
ITC posts strong Q1 FY24 results, notches 16% rise in net profit at INR 5,180.12 Crore
On Monday, ITC, a conglomerate involved in both cigarettes and hotels, announced a 16 percent increase in its combined net profit. The figures show...
FMCG companies restore product weight in response to stabilized ingredient costs and reduced packaging expenses
Don't be surprised if you notice a slight increase in the weight of your snack packs, soap bars, and toothpaste tubes. Last year, in...
ITC bets big on FMCG for growth: Annual consumer spend of INR 29,000 Crore showcases potential
On Friday, ITC Limited, a diversified conglomerate, announced that its FMCG business holds significant growth potential, boasting brands that drive an annual consumer expenditure...
ITC, select Marriott International hotels elevate health-conscious dining with millet offerings in India, APAC
The ITC Hotels on Monday said it has embarked on an initiative to introduce an expansive range of millet-based bread, available across ITC Hotels...
Tata Consumer, ITC among top contenders for Fabindia’s Organic India stake
According to informed executives, Tata Consumer Products and ITC Foods have begun discussions regarding the acquisition of a substantial share in Organic India, a...
ITC and India Post collaborate to launch special postal stamp for millet awareness
On Tuesday, ITC, a conglomerate, joined hands with the Department of Post to unveil a unique postal stamp aimed at promoting awareness about millets....
ITC board approves hotel business demerger, expects ROCE to improve significantly
On Monday, the board of ITC granted preliminary approval for the demerger of its hotel business, establishing a new independent entity. Remarkably, this move...
ITC’s FMCG business witnesses remarkable 21% increase in annual consumer spending, reaching INR 29,000 Crore in FY22-23
According to ITC's latest annual report, the FMCG business of the diversified conglomerate has experienced a notable 21 percent increase in annual consumer spending,...