Hotline: 1800 102 2007
X
Search Business Opportunities
Nov, 16 2018

ITC looks at portfolio expansion in its food division

The expansion is aimed at achieving the stated vision of the company of getting Rs 1 lakh crore turnover from FMCG.

Diversified conglomerate ITC is planning to expand its food portfolio. The expansion is aimed at achieving the stated vision of the company of getting Rs 1 lakh crore turnover from FMCG.

Hemant Malik, Divisional Chief Executive (foods division), ITC, said, "The ambition set by our chairman and managing director of Rs 1 lakh crore by 2030 is something we are all working towards, with current categories as well as new categories that we are getting into."

The food category is expected to contribute about 60-65% of the company's turnover by 2030.

"We are looking at the dairy space. It is a huge space, and we have launched in a few markets. We will be launching dairy beverages in a couple of months. In the snack category also there are many areas where we haven't started operating in. We will be exploring health space in snacking shortly. In juices, we launched 100 per cent pomegranate and we will be adding more," Hemant further stated.

Recently, ITC has announced that it will augment its dairy portfolio by foraying into the paneer and milkshakes segments. The company is also planning to launch paneer for the Kolkata market and milkshakes pan India within two months.

Comment
Related opportunities
  • Preschools
    About Us: GD Goenka Group, established in 1982, has had varied..
    Locations looking for expansion Delhi
    Establishment year 1982
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: FullFills is a contemporary restaurant brand which serve international..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Casual dine Restaurants
    About: Established in 2009, Roti Aur Boti is a concept-based QSR..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bars, Pubs & Lounge
    About Us: House Of Mandarin offers delicious dining, takeout and delivery..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities