ITC expects chocolate category to contribute 10% to its food division revenue in next five years. It had entered into chocolate category with brand Fabelle in May last year. The company manufactures chocolates from its Bengaluru facility at present and it has added another factory at Haridwar.
The company’s branded packaged food business, which spans categories like staples, spices, ready-to-eat, snack foods, bakery and confectionery, among others, reportedly clocked sales of over Rs 8,000 crore last fiscal.
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.
