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ITC to enter into dairy, beverages segment

30 Jul 2014 Evaluate

ITC, a diversified conglomerate has decided to enter into the dairy and beverages segment. The company has already started its construction of a milk processing plant in Munger district of Bihar.

Recently, the company had reported 15.60% growth in Q1FY15 net profit of Rs 2186.39 crore as against Rs 1891.33 crore in the corresponding quarter of the previous year

ITC, a diversified conglomerate has business interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.

Peers
Company Name CMP
ITC 260.50
Godfrey Phillips Ind 1921.40
VST Industries 202.30
Indian Wood Products 34.94
NTC Industries 135.00
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