Key Points
NEW DELHI : Hotels-to-consumer goods conglomerate ITC Ltd on Tuesday said revenues of the companys packaged consumer goods business grew at a compounded annual growth rate (CAGR) of 14% over the last three years with the business launching 300 products in the same period..
In 2022-23, the companys packaged consumer goods business comprising brands such as Aashirvaad atta, Sunfeast cookies, Fiama soaps, Engage deodorants, etc. reported revenues of 19,123 crore..
Meanwhile, the business reported a 310 basis-point jump in Ebitda (Earnings before interest, taxes, depreciation, and amortization) margins in the last three years, the company said during its Institutional Investors and Financial Analysts Day held on Tuesday..
In a presentation to the stock exchanges on Tuesday evening, ITC identified a future-ready portfolio, an efficient supply chain, smart-omni-channel network and value accretive mergers and acquisitions (M&As) as some of the strategic pillars to grow its consumer goods business over the coming years..
Meanwhile, the company has also been working on strengthening the core portfolio within brands such as Sunfeast, Bingo, Aashirvaad, Savlon, Sunrise, etc., while also entering adjacent categories such as more kitchen staples under Aashirvaad, smoothies under Sunfeast and shower gels under Fiama, among several other such launches..
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