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ITC plans to scale up its non-cigarette business

11 Mar 2015 Evaluate

In a bid to scale up its non-cigarette fast-moving consumer goods (FMCG) business, Diversified conglomerate ITC is scouting for more acquisitions. The company is aiming cumulative brand turnover from non-cigarette segment to increase to Rs 15,000 crore in the next two-three years.

ITC has business a 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 268.55
Godfrey Phillips Ind 1875.00
VST Industries 200.95
Indian Wood Products 38.67
NTC Industries 137.00
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