ITC Company Contribution to Indian Consumer market

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 ITC Limited has made significant contributions to the Indian consumer market, particularly in the Fast-Moving Consumer Goods (FMCG) sector. With a gross revenue of ₹69,446 crores and a net profit of ₹20,422 crores (as of March 31, 2024), ITC has established itself as a leading player in the Indian market ¹.

Diversified Product Portfolio

ITC's FMCG business spans across various categories, including:

- Branded Packaged Foods: Aashirvaad, Sunfeast, Bingo!, Kitchens of India, and others

- Personal Care: Essenza Di Wills, Fiama, Vivel, Superia, and others

- Education and Stationery: Classmate, Paperkraft

- Agarbattis and Safety Matches: Mangaldeep, iKno, Aim, Dazzle

Innovative Initiatives

ITC has introduced several innovative initiatives, such as:

- e-Choupal: A digital platform that empowers farmers and enhances their livelihoods - ITC Infotech: A wholly-owned subsidiary that provides IT solutions and services

Sustainability Efforts

ITC has made significant strides in sustainability, with a focus on:

- Renewable Energy: Nearly 50% of ITC's energy consumption comes from renewable sources - Water Stewardship: ITC has implemented various water conservation measures across its operations - Waste Reduction: ITC's "Well-being Out of Waste" (WOW) initiative aims to reduce waste and promote recycling.

Overall, ITC's contributions to the Indian consumer market are multifaceted, with a focus on innovation, sustainability, and customer satisfaction.

 ITC Limited was founded on August 24, 1910, as the Imperial Tobacco Company of India Limited. The company's founders were:

- British American Tobacco (BAT): BAT, a multinational tobacco company, played a significant role in establishing ITC in India.

However, the person credited with transforming ITC into the diversified conglomerate it is today is:

- J.N. Sapru: Sapru was the first Indian chairman of ITC, serving from 1969 to 1983. He played a key role in expanding the company's business beyond tobacco and into other sectors like hotels, paperboards, and packaging.

Later, under the leadership of: - Yogesh Chander Deveshwar: Deveshwar, who served as ITC's chairman from 1996 to 2017, further diversified the company's business and expanded its presence in the FMCG sector.

 ITC Limited is a diversified conglomerate with a wide range of products across various sectors:

FMCG Products

1. Aashirvaad: Wheat flour, spices, and other kitchen essentials 2. Sunfeast: Biscuits, cookies, and other baked goods 3. Bingo!: Potato chips and other snack foods 4. Kitchens of India: Ready-to-eat meals and culinary products 5. Fiama: Personal care products like soaps, shampoos, and body washes 6. Vivel: Personal care products like soaps, shampoos, and body washes

Cigarettes and Tobacco Products

1. Wills: Cigarettes 2. Gold Flake: Cigarettes 3. Navy Cut: Cigarettes 4. Classic: Cigarettes

Hotels

1. ITC Hotels: Luxury hotels and resorts across India, including ITC Maurya, ITC Grand Central, and ITC Gardenia

Paperboards and Packaging

1. ITC Paperboards and Specialty Papers: Paperboards, packaging materials, and specialty papers 2. ITC Packaging: Packaging solutions for various industries, including food, pharmaceuticals, and cosmetics

Agribusiness

1. ITC Agribusiness: Agricultural commodities, including wheat, rice, and spices

Other Products

1. Classmate: Stationery and educational products 2. Mangaldeep: Agarbattis and incense sticks 3. iKno: Safety matches

 ITC Limited's turnover is quite impressive. As of March 31, 2024, the company's gross revenue stood at ₹69,446 crores, with a net profit of ₹20,422 crores. This represents a 6.8% growth in gross revenue and an 8.9% growth in net profit compared to the previous year ¹.

Breaking down the revenue streams, we can see that:

- FMCG Segment: Revenue grew by 9.6% year-over-year, with a segment EBITDA margin expansion of 94 basis points to 11.2% ¹. - Cigarettes Segment: Net segment revenue and segment PBIT grew by 7.1% and 6.5% year-over-year, respectively ¹. - Hotels Segment: Segment revenue and segment PBIT grew by 15.6% and 39.1% year-over-year, respectively, with a segment EBITDA margin expansion of 295 basis points to 35.1% ¹. - Agri Business Segment: Segment revenue declined by 13.1% year-over-year due to trade restrictions on agri commodities ¹. - Paperboards, Paper, and Packaging Segment: The segment remains impacted by low-priced Chinese supplies in international markets, muted domestic demand, and high wood costs ¹.