Leading consumer goods company ITC Ltd. has targeted revenue of Rs.100,000 crore by 2030 from its FMCG business.
"We will enter all the segments which qualify under the tern FMCG... Our aspiration is to become the leading FMCG player in India," company chairman Y.C. Deveshwar said here during its AGM.
He said ITC is on the growth path as far as its topline is concerned. Bottomline performance, however, was not that impressive.
"We are on a growth path as far as topline is concerned but not in the bottomline. This is because we are creating businesses of the future," he said.
Deveshwar said the company is building its second hotel in West Bengal with an investment of Rs.1,000 crore.
"Altogether, a Rs.3,500 crore investment has been lined up for the state," he said.
Besides the upcoming hotel, the Kolkata-based company is also building two factories and one infotech centre in the state.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app