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ITC eyes to expand food portfolio to increase turnover

ITC eyes to expand food portfolio to increase turnover

ITC is eyeing at portfolio expansion in its food division to achieve the stated vision of the company of achieving Rs 1 lakh crore turnover from FMCG by 2030. The food category, which drives the fast moving consumer durable industry, is expected to contribute around 60-65% of its turnover by 2030.

The company will expand its dairy portfolio by entering the paneer and milkshakes segments and is planning to launch paneer for the Kolkata market and milkshakes pan India within two months.

ITC has business a 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.

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