Fabindia and ITC Sunfeast Baked Creations Collab to Launch Cafes in India
Rohit Bhalla, Food-Tech Business Head at ITC Limited, emphasized the brand’s focus on enhancing the bakery experience in India, viewing the café as…
Already a huge success at ITC Grand Chola in the south, and ITC Royal Bengal in the east, the legacy of this signature culinary restaurant now takes…
The milk-based beverages will be manufactured in ITC’s new facility in Kapurthala, Punjab.
With this launch, the company has expanded its dairy portfolio beyond ghood, pouch milk and the curd business.
ITC Ltd's agri-biotech arm inked an agreement with James Hutton Institute to bring in 16 new varieties and 600 new clones of potato for trial…
In noodles segment, Yippee is the second largest brand with about 22% market share.
Barry Callebaut is the partner of ITC Ltd to source the exotic ruby chocolate to craft Fabelle's Ruby Gianduja.
ITC's milk, ghee, paneer and curd would be sold under the 'Aashirvaad' brand while its milkshakes will be sold under a different brand.
However, ITC will only acquire brands that can be scaled up using its own distribution network as it would be easier to break even.
The packaged foods business was the first FMCG category the conglomerate had entered 17 years ago to reduce its reliance on the cigarette revenue…
The company last year commissioned two world-class integrated consumer goods manufacturing and logistics units in West Bengal and Punjab.
The government had withdrawn input tax credit against goods and services tax when GST on restaurants was slashed to 5% from 18% in November last year.
The Rs 3,400-crore subset in question is ‘bridges’, where ITC’s Bingo Tedhe Medhe and Bingo Mad Angles compete with PepsiCo’s Kurkure.
As per FSSAI order, the companies whose products have been listed for testing are Nestle India, ITC, Indo Nissin Food Ltd, GSK Consumer Helathcare, CG Foods India, Ruchi International and AA Nutrition Ltd.
ITC is expecting its 2, 00,000 litres a day milk processing facility at Munger, Bihar, to be operational over the next few months.
ITC is also planning to achieve a turnover of over Rs 1 lakh crore from its brands in the FMCG business by 2030.
Net sales increased by marginal 2.05 per cent to Rs 8,800.22 crore as against Rs 8,623.11 crore in the same period last year, ITC said in a BSE filing.
The Kolkata-based company will make the proposed investment in the short term on manufacturing capacity, marketing and brand building and distribution expenses.
Hassad Food, owned by Qatar Investment Authority has alleged that it invested around Rs 750 crore in Bush Foods in April 2013 for 69.5 per cent stake based on false financial statements and nonexistent inventory.
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