Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
Given the dimensions, it is bound to have at least ripple effects across markets. Could ripple turn into cascade? asks Devangshu Datta.
'In states where all shops are allowed to function and pedestrians are allowed to move around, there is no reason to presume that vendors are not allowed to operate. But ambiguity surrounding the operation of street vendors de jure has led the police to harass them de facto,' say Bhuvana Anand, Jayana Bedi and Prashant Narang.
The cloud kitchen market in India will hit $1.05 billion by 2023. Just 13% of the total market has been utilised so far.
Even as the near-term outlook for the quick service restaurant (QSR) industry remains muted, brokerages are positive about the prospects of Sapphire Foods India. Their preference for the QSR chain comes on the back of the steady performance of Kentucky Fried Chicken (KFC), superior execution and reasonable valuations. The Sapphire Foods stock is up 11 per cent since the start of November.
Rohit Shetty's strengths have been action and humour; the former he delivers in spades, but the latter is totally lacking in Indian Police Force, observes Deepa Gahlot.
Glimpses of the devastation caused due to heavy rainfall in the national capital and other parts of northern India.
Foods contaminated by newspaper ink raise serious health concerns since the ink contains multiple bioactive materials with known negative health effects, the advisory said.
When MSD looked at the 18 year old, Yash greeted The Master with a shy Namaste.
'aris can be boiling hot in July. The choice of viscose over cotton was deliberate. Cotton would have crushed badly. We used viscose because it is a wood pulp fibre and lets you breathe. It is cooler than silk. We had to consider breathability because the athletes would be on a barge, in the heat, for up to five hours.'
West Bengal Governor CV Ananda Bose has also appealed to political parties and people from all walks of life to come together and organise a 'peace visit' to trouble-torn Sandeshkhali in North 24 Parganas district to show solidarity with the aggrieved women.
His celebratory gesture on Thursday night marks a first for Downing Street, which annually sees the UK prime minister host a Diwali gathering and an Annakut, or spread of festive food, from London's Swaminarayan Mandir next door at No 10.
'It is necessary to have a person at the top who can make strict decisions without hesitation. Modiji has done that.'
Terming this occasion as special, CM Yogi said that liquor shops should be kept closed in the state on January 22.
Nimrat prays at the Golden Temple... Look who Kapil Sharma bumped into on a flight! ...Mouni romances in Paris...
Time to bring out your chef's hat and whip up a Christmas delicacy that's no-fuss, no-sweat and utterly deicious.
The papayas from Mumbai were too squishy, the chef raced through the streets of Goa in a police jeep to look for fruit ripened just right only to have security personnel puncture many a hole through them... a new book recalls in detail the struggle to procure and plate perfect papayas for Indira Gandhi during a Commonwealth Heads of Government Meeting (CHOGM) in 1983.
Offline retailers are feeling the Omicron January chill as consumers are apprehensive about venturing out in the midst of rising Covid cases across the country. Covid restrictions, as well as concerns over the new virus variant, are seeing shoppers pull back from the high streets and shopping malls, clearly cautious about streaming into stores and choosing to self-censor instead. Offline retailers' hopes of a bumper End-Of-Season Sale (EOSS) and Republic Day (R-Day) Sale to compensate for losses over the pandemic have been dashed. Fewer trips to malls mean lower footfall and sales, resulting in higher piling of stock - and possibly higher discounts.
Rediff reader Nitin Dwivedi from Kanpur shares his story.
The incident took place in Vile Parle (West) area, where Mahadik is seen clearly on CCTV footage assaulting Chetan Geveriya (28), who works at Trupti Sweet and Farsan Mart on DJ Road, with a bamboo stick.
'it's not just youth in India who are left behind because of their inability to find jobs; nearly two-thirds of Indian women of working ages do not participate at all in the paid labour force.'
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
'If the Congress loses this time, Rahul Gandhi will not look back at Amethi ever again.'
When stars travel, they make lovely pictures on social media.
Harnoor Channi-Tiwary lists out the places to visit and eat while in Ahmedabad.
Sukanya Verma looks at 12 times the superstar offered food for thought on subjects as varied as nation building, team spirit and the stupidity of big fat Indian weddings while wolfing down a meal.
The ED will probe if money earned from the illicit narcotics trade was laundered to create movable and immovable assets by the accused. The investigation will run parallel to the NCB probe, the sources said.
Nargis Fakhri is holidaying in Italy... Ananya gets into a bikini... Sunny prmotes his film...
The moral: If you do not know the rules of the game, Dalal Street can be an expensive place to learn them.
A young couple sharing a laugh - in the living room over a Polish joke book, on the beach, in the rain - with the tagline, "Made for each other", hung from billboards at prominent street corners from the 1960s to the 1990s. It was a campaign for one of the largest selling cigarette brands in India, Wills (Navy Cut) from the ITC stable, that resonated with a generation of smokers and non-smokers alike till the curtains came down on tobacco advertising in 2004. As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses. In the mind space of Gen Z or millennials, the company represents a gamut of branded products - from frozen food (ITC Master Chef), noodles (YiPPee!), and cookies (Sunfeast) to snacks (Bingo!) and notebooks (Classmate), and so on and so forth.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
'At this point of time, West Bengal is doing better than other states in tackling the crisis. We have a chief minister who herself has hit the streets to do what is to be done, and at the same time ensuring a proper lockdown. She is also trying day and night to set up the requisite infrastructure.'
Angira wraps a shoot... Aahana salutes the jawans... Sonal takes a walk in Texas...
N Kalyanasundaram started saving up last year so that he could feed the hungry during the second COVID lockdown.
Various estimates of the extra cost to the government for an improved food security Bill are doing the rounds, but many agree the Union government's proposed food subsidy bill would double.
The prime ingredient in Nannari Sherbat is sarsaparilla syrup, made from a tropical root or vine,
From the Himalayan Butter Tea to Hyderabad's dessert-like Irani Chai, the many varieties of Indian tea are truly surprising!
Who can resist good food? Not us for sure! In this series, we bring you the best of celebrity foodgasm moments. Prepare to drool :)
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances