Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 17 2017

​ITC spices up its food portfolio with 'ITC Master Chef' brand

The company has launched ITC Master Chef super-safe spices in the capital. It is promoting the brand as "super safe spices" through its communication in print, outdoor, radio and digital platforms.

FMCG major ITC is spicing up its food portfolio, with master chefs from its hotels curating different blends of spices for a premium range to be sold under the 'ITC Master Chef' brand.

The company, which is pursuing to create world class brands by leveraging on enterprise strengths, is banking on spices sourced by its Agri Business division from different states, including Rajasthan, Andhra Pradesh and Tamil Nadu.

Hemant Malik, Divisional Chief Executive, ITC Foods Division, said, "We are focusing on blended spices through ITC Master Chef brand. This is one new segment on which we are working."

Elaborating how the company has leveraged on its internal expertise, he said: "Master chefs from ITC Hotels have curated each spice blend. We are positioning it as a premium range considering the effort taken to develop the blends."

A lot of effort has been put into developing the spice range with over 470 tests so that the product is compliant with not just Indian standards but also EU standards, he added.

The company has launched ITC Master Chef super-safe spices in the capital. It is promoting the brand as "super safe spices" through its communication in print, outdoor, radio and digital platforms.

ITC's idea behind the spice blends is to celebrate the local cuisine and bringing alive the flavors and taste of North India.

The company is relying on its integrated pest management programme under which it has worked with farmers to produce crops that are compliant with not just Indian standards but also EU standards.

The Kolkata-based firm, which has set a target of achieving Rs 1 lakh crore revenue from its FMCG business by 2030, is also expanding retail points of its luxury chocolate brand Fabelle and is targeting shop-in-shops.

"Right now they are sold in hotels only but very soon we are trying to take it outside, such as malls," he said.

ITC is also setting up new integrated factories for its food division and has completed some of them.

Malik said, "We have already started two units in West Bengal, one in Guwahati and by July or August this year our unit in Punjab should start and around same time one more unit in West Bengal would start."

ITC is also expanding its juice portfolio with an aim to garner around 20 per cent market share in five years in the packaged fruit juice segment, currently estimated to be around Rs 2,500-crore market. The company is adding new flavours and focusing on local fruits. It is also boosting its sales network to meet the target.

When asked about the contribution of Food Division in ITC's total fold, Malik said: "In the FMCG space, ITC Food is the largest contributor".

Comment
Related opportunities
  • About Us: De-Denim manufacture merchandise of our own brand from reputed..
    Locations looking for expansion Andhra pradesh
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Quick Service Restaurants
    About Us: A variety of traditional hawker snacks and street foods..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • The journey of Scottish Early Years began in 2016, envisioned..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy parlors
    About: Chaai Resto” has a team of highly motivated individuals with..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
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