ITC Ltd., one of India’s biggest FMCG (Fast-Moving Consumer Goods) companies, has announced a massive investment plan of ₹20,000 crore over the next 5–6 years. This was shared by the company’s Chairman, Sanjiv Puri, during the 114th annual general meeting held virtually.
Focus on FMCG and Growth
This investment will go into expanding various parts of ITC’s business. The company recently opened 8 new manufacturing units focused on FMCG products, eco-friendly packaging, and agricultural exports.
Puri said that in the last two years alone, ITC has already spent ₹4,500 crore on business expansion. Though he didn’t specify where the new investments will go, he mentioned that the company is open to acquiring new businesses that align with its growth plans.
Key Acquisitions
Over the past few years, ITC has acquired companies like:
- Prasuma (frozen foods)
- 24 Mantra Organic (organic food products)
- Century Pulp and Paper
These moves are part of ITC’s strategy to strengthen its FMCG portfolio.
Improving Margins and New Products
ITC aims to improve its profit margins in the FMCG segment by 80–100 basis points each year. Puri said this growth might not happen evenly every year, but the company is committed to staying on this path.
With an annual consumer spend of over ₹34,000 crore, ITC reaches more than 260 million households in India and exports to 70 countries. In the last three years, the company has launched over 300 new FMCG products and plans to continue this momentum.
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Future Trends and Innovations
Puri highlighted that health, nutrition, organic, and wellness products are expected to become major trends in the future. He also mentioned how digital platforms are helping to boost these categories.
He further added that while commodity prices are still high, overall inflation is under control, and ITC expects consumer demand to improve in the coming months.
Focus on Agriculture and Technology
ITC is also growing its presence in horticulture, including crops like potatoes, spices, and mangoes. The company is using AI (Artificial Intelligence) across its operations — from product creation and marketing to farming, logistics, and sales.
