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ITC, Market Size

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43 views3 pages

ITC, Market Size

Uploaded by

duttanirmalya114
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ITC

Company Overview
ITC Limited is a diversified conglomerate based in India with a significant presence in various
industries. Founded in 1910, ITC has grown to become one of India's largest private sector
companies. It operates in a wide range of sectors, including Fast-Moving Consumer Goods
(FMCG), tobacco, hotels, paperboards and packaging, agribusiness, and information
technology. In April 2023, their value became more than ₹500,000 crore (about $63 billion),
a first for them. Then, in July 2023, they became even more valuable, crossing ₹600,000
crore (about $75 billion) and became the biggest company in India that makes everyday
items. This was even bigger than the Hindustan Unilever company. ITC Limited has about
36,500 workers in over 60 places around India. ITC Limited is a big Indian company based in
Kolkata. They do many things like making stuff we use every day, running hotels, and making
software. They're in 13 different businesses and sell things to 90 countries. Their stuff is in 6
million stores.

Key Brands and Businesses


FMCG (Fast-Moving Consumer Goods ):
ITC's FMCG segment includes a variety of consumer products such as food, personal care, and
lifestyle products. The company has a strong focus on creating brands that cater to different
consumer needs. Some of its well-known FMCG brands include Aashirvaad, Sunfeast, Bingo!,
YiPPee!, Classmate, and Vivel.

Tobacco:
ITC is one of the largest manufacturers of cigarettes and tobacco products in India. It has a
wide range of cigarette brands catering to different market segments. While the tobacco
industry has been a significant part of ITC's history, the company has been working on
diversifying its portfolio to reduce dependence on tobacco-related revenue.

Hotels:
ITC's Hotels division operates luxury hotels under the "ITC Hotels" brand. These hotels are
known for their premium offerings and are spread across various cities in India. ITC Hotels are
renowned for their world-class hospitality and sustainable practices.

Paperboards and Packaging:


ITC is a major player in the paper and paperboards industry. The company produces a variety of
paperboards, specialty papers, and packaging materials. It is committed to sustainable
practices and has received recognition for its efforts in environmental conservation.

Agribusiness:
ITC's Agribusiness division is involved in various activities such as sourcing, processing, and
exporting agricultural commodities. The company works closely with farmers and rural
communities to enhance agricultural productivity and improve livelihoods.
Information Technology (IT):
ITC's IT division, known as ITC Infotech, provides IT services and solutions to clients across
industries. It offers services such as application development, data analytics, and digital
transformation.
Sustainability and Social Responsibility:
ITC has been a pioneer in integrating sustainability into its business practices. The company is
known for its commitment to environmental and social initiatives. ITC's sustainability efforts
include water resource management, afforestation, renewable energy adoption, and
supporting rural development.
Corporate Governance:
ITC has a strong emphasis on corporate governance and ethical business practices. The
company has received recognition for its transparency, accountability, and responsible
management practices.
Research and Innovation:
ITC invests in research and innovation to develop new products, processes, and technologies.
The company has a history of launching innovative products that cater to evolving consumer
preferences.

Market Size Of Key Brands

1.FMCG (Fast-Moving Consumer Goods ):

Consumers spent more than Rs 29,000 crore to purchase ITC’s fast moving consumer goods
(FMCG), excluding tobacco, in fiscal 2022-23, according to a latest investor note from the company.

The consumer spend on the Kolkata-based company’s 25 mother brands in the last fiscal year was
over 20% higher compared with the previous year when it was Rs 24,000 crore.

The growth rate was much slower during the pandemic: 9% in FY22 and 11% in FY21. onsumer
spend is the net sales turnover of the brands along with channel margins and taxes — an indicator of
the performance of the business. The company’s gross sales from FMCG will be lower than the
consumer spend. Last fiscal year, ITC’s gross sales from non-cigarette FMCG was Rs 19,122.5 crore,
up 19.5% from fiscal 2022.
Source :-
website:-The Economic Times

2.Tobacco: -
ITC's revenue from cigarette business rose 16.7% from a year ago to ₹7,288.22 crore. Cigarette
volumes grew 15% with some mix improvement led by up-trading, said analysts. Other businesses in
FMCG , including packaged food and personal care products, posted 18.3% rise in revenue to
₹4841.40 crore.

3.Hotels : -
ITC Hotels Ltd. was incorporated in the year 1972. With more than 11,500 rooms under its belt and
about 2,700 crore revenue in FY23, ITC is the second largest hotel chain among listed peers after
Indian Hotels (IHCL), which owns the Taj group of hotels.

4.Paperboards and Packaging: -


ITC notes that in the overall Indian paperboards segment, it currently holds a value market share of
about 26% and a significantly higher share of the fast-growing value-added paperboards segment.
In the financial year 2022, the revenue of ITC India Ltd.'s paperboards, paper, and
packaging segment was approximately 76 billion Indian rupees, compared to about 56 billion
Indian rupees in the financial year 2021 in India. ( 12-Sept-2022 report)
ITC's revenue from the "paperboards, paper and packaging'' segment was ₹2,221.01 crore,
up 1.75%.
5.Agribusiness: -
ITC's agribusiness revenue declined 23.565 to ₹5,726.98 crore as it was impacted by
restrictions on wheat and rice exports. It was ₹7,492.14 crore in the April-June quarter of the
preceding fiscal.

6.Information Technology (IT):-


ITC InfoTech India employs 5,001 to 10,000 employees in India.
In the last three years, especially in fiscal 2021, ITC Infotech's profitability and revenues
have improved. The company had posted revenues of ₹ 2,450 crore in financial year 2021.
It's eyeing ₹ 3,000 crore revenue this financial year.(25-Nov-2021)

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