'Despite a challenging FMCG environment, ITC Foods has grown at or above the industry rate.'
Afghanistan skipper Rashid Khan says lack of regular matches against top teams hurt their T20 World Cup campaign after close defeats to New Zealand and South Africa left them on the brink.
Through its cloud kitchens, ITC is building a portfolio of shorter shelf-life offerings and selling them through quick commerce platforms.
After the initial struggle, ITC Foods is finally making its presence felt through its parent's distribution muscle.
'While every year presents new challenges, it also provides opportunities for better growth and performance.'
ITC Foods has achieved scale, built brands and turned profitable. What drives its growth?
While the company does not report segment results for the foods business until a specific vertical reaches a threshold limit, its entire FMCG business during the last financial year has reported revenues of Rs 2,523 crore. The food segment, which is still in the investment mode, crossed the Rs 1,000 crore revenue mark in FY 08 and is losing on an average close to Rs 60 crore on a yearly basis, accumulated losses of Rs 700 crore over the past seven years.
As a business, ITC Foods is younger than many other established players around, having begun operations only a decade ago.
She was in Mohali to take part in an event, where she cheered on as a group of 572 girls performed minute-long jump squats to create a new record.
A combo pack of ITC-owned Aashirvaad atta and spices including chili, coriander and turmeric powders will be available on Domino's app. The service will be available in Bengaluru first and will then be expanded to Noida, Mumbai, Kolkata, Chennai and Hyderabad.
While stating that raw material costs are under control at present, the company said value added tax on food items is a cause of concern.
Sachin Tendulkar on Friday embarked on a new partnership with ITC's food division to promote a new brand of health food in his name -- Sunfeast Sachin's Fit Kit.
ITC Ltd's Food Division said on Wednesday it will invest Rs 150 crore (Rs 1.5 billion) in the next two years for its foray into the snacks segment.
The superstar will be endorsing the entire range of snacks under the umbrella brand Sunfeast.
Interested kids can participate in this contest by answering a simple question to be aired on Disney channel till 5th Sep, 2005.
The fast-growing, high-margin branded spices business is turning out to be an interesting growth opportunity, which to an extent was reflected in the Sunrise-ITC deal, with multiple parties from PE to strategic players joining the fray.
He is nominated to the investment, innovation and audit committees.
'We are certainly open to inorganic opportunities to grow.'
More than 60 per cent followers of Mehdi Masroor Biswas, the Bengaluru-based executive, who was running a pro-Islamic State Twitter account, were non-Muslims and a majority of his Muslim followers were from western countries, particularly the United Kingdom, Home Minister Rajnath Singh said on Monday.
Unhappy with response to queries following Mehdi Biswas' arrest, Bengaluru Police summon Twitter India marketing head.
The Centre on Wednesday alerted the states in the wake of Peshawar school massacre to the heightened possibility of terror attacks ahead of US President Barack Obama's visit to India next month.
ITC's noodle brand has been caught in the Maggi crossfire.
'Maggi noodles belong to the consumers.'
The company plans to overhaul business and rationalise costs in a bid to reach parent Unilever's new profit targets, reports Viveat Susan Pinto.
Top players, ITC, Britannia and Parle Products, are taking three different routes to compete at the premium end. But soon all three would get on the same path.
The suspect behind a pro-Islamic State Twitter account followed by foreign jihadis has been arrested in Bengaluru, senior police officials said.
As rural demand tapers, companies are back at the drawing board, firming up plans to beat the unexpected slowdown in sales.
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