ITC, a diversified conglomerate is reportedly planning to invest Rs 1,000 crore to enter into dairy and juice businesses. The proposed capital will be invested in manufacturing capacity, marketing, brand building and distribution expenses.
The company has already undertaken over Rs 250 crore investments on these two businesses. Early this year, the company acquired Bengaluru-based B Natural juice brand for about Rs 50-60 crore, which is now being modernized both in terms of formulation and packaging. Meanwhile, the company's expansion into dairy business includes establishment of processing plants in the states of Bihar, Punjab, Uttar Pradesh, Maharashtra, Telangana and Andhra Pradesh.
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.
| Company Name | CMP |
|---|---|
| ITC | 307.40 |
| Godfrey Phillips | 2422.40 |
| VST Industries | 264.30 |
| The Indian Wood Pro. | 35.88 |
| NTC Industries | 165.05 |
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