The foods division, comprising cookies, staples and snacks, now accounts for 21.3% of revenue, while agri-business generated 13.4% of ITC’s gross turnover last fiscal.
The foods division is expected to be at the vanguard of ITC’s expansion plans, helping achieve the company’s earlier stated goal of generating Rs 1 lakh crore in sales from non-cigarette FMCG businesses by 2030. This division is expected to generate Rs 60,000-65,000 crore in sales, up from about Rs 9,700 crore now.