Monday 29 July 2013

ITC aims to achieve turnover of Rs 1 lakh crore in FMCG segment

ITC, diversified business conglomerate aims to achieve turnover of Rs 1 lakh crore in its new fast moving consumer goods other than cigarettes business by 2030. During 2012-13, it has reported turnover of Rs 7,000 crore in the FMCG segment, which comprises of packaged food, personal care, education and stationary products, agarbatti, safety matches and lifestyle retail ventures - Wills Lifestyle and John Players.

The company has posted a rise of 18.05% in its net profit of Rs  1891.33 crore for the quarter ended June 30, 2013 as compared to Rs 1602.14 crore for the same quarter in the previous year. Total income has increased by 10.72% at Rs 7613.88 crore for quarter under review as compared to Rs 6876.43 crore for the quarter ended June 30, 2012.

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