While sharing its non-cigarette strategy with fund houses earlier this month, ITC said that with its rapid growth in the FMCG sector, it is now the 3rd largest FMCG player in India
The hospitality-to-FMCG conglomerate ITC Ltd recently met fund houses to share the company’s non-cigarette strategy, drawing attention towards other segments of the company. In an effort to kick the butt away, ITC highlighted that its FMCG business has managed to grow four times in the last decade. The conglomerate enjoys a commanding position in various sectors including, FMCG, Hotels, Paperboards, Packaging and Agri-Exports, while it has been exploring and gaining market share in new business segments as well. ITC is one of the biggest players when it comes to cigarettes in India. The stock has been trading at discounted valuations despite strong fundamentals in the recent months.
While sharing its non-cigarette strategy with fund houses earlier this month,