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.
Bu hikaye Mint Mumbai dergisinin December 13, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin December 13, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
MHI holds talks on subsidy for e-trucks
The ministry of heavy industries (MHI) convened an industry consultation in the national capital on Thursday to determine the optimal allocation of its ₹500 crore subsidy outlay for e-trucks under the PM E-drive scheme.
'FSSAI plans real-time surveillance, tracking, sampling of food items'
A dashboard is being prepared to see live tracking sampling and analysis done across the country. - G. Kamala Vardhana Rao CEO, FSSAI.
Wholesale inflation at four-month high
A Reuters poll of economists expected wholesale inflation to be around 2.2% in October
Trade deficit widens to $27 bn in Oct
The total value of merchandise and services exports touched $73.21 bn in October, up from $65.19 bn in September
India ranks 3rd in improving its business environment
The country, as per EIU, is among places where it expects the most key policy improvements
Fashion begins to go green, but the transition is slow
Customers shopping for upcycled bags to eco-friendly tees are spoilt for choice, as upstart fashion brands chase them with a clutch of options.
Lawyers guide firms with US operations as Trump 2.0 looms
Law firms are advising Indian companies operating in the US or engaging in deals with American firms to expect closer scrutiny under the Trump administration, suggesting additional clauses in legal contracts to protect their interests.
Highway building, environment go hand in hand, says Gadkari
Union road transport and highways minister Nitin Gadkari has said that highways and infrastructure projects, especially in the Himalayan states, were being built in an environment-friendly way and that the allegations of environmental damage were \"completely wrong\".
After a slow start, auto PLI claims may zoom in future
The first wave of claims for India's automobile production incentives scheme barely touched ₹500 crore, an amount that may grow exponentially in the years ahead as the electric revolution unfolds and more products secure certification.
Musk-a-Lago: Inside Musk's role on Trump's transition team
In the lounge outside Donald Trump's Mar-a-Lago office, cabinet hopefuls mingle with advisers and friends of the future president.
