Hotels-to-consumer goods conglomerate ITC Ltd on Tuesday said revenues of the company’s 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 company’s 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. Overall, the packaged consumer goods business (excluding cigarettes) has grown five-fold in revenues since 2009-10.
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