Diversified conglomerate ITC is eyeing a turnover of over Rs 1 lakh crore from its non-cigarette FMCG business by 2030. The company’s non-cigarette FMCG business currently comprises of packaged food, personal care, education and stationary products, agarbaatti, safety matches and also includes its two lifestyle retail ventures Wills Lifestyle and John Players. This business had crossed Rs 7,000 crore revenue in the last fiscal, ending March 31, 2013.
The company has posted a rise of 18.05% in its net profit of Rs 1891.33 crore for the quarter ended June 30, 2013 as compared to Rs 1602.14 crore for the same quarter in the previous year. Total income has increased by 10.72% at Rs 7613.88 crore for quarter under review as compared to Rs 6876.43 crore for the quarter ended June 30, 2012.
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.
