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
image
Related opportunities
  • About Us: Global Academy Public School stands out as a master..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 2lac - 5lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mandsaur Madhya Pradesh
  • Others Food Service
    About Us: Noodle Panda is India’s first premium Noodle Bar to..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • JEI Learning Centers, USA was started in 1992, followed by..
    Locations looking for expansion West Bengal
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10000 - 50 K
    Space required 700 - 1500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • Fine Dine Restaurants
    About Us: Started in year 2000, Samvene–The Bagel Café (STBC) is..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
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