ImportantGeneral Updates
ITC completed its Hotels business demerger, which saw its highest-ever revenue and operating profits in the 9 months.
ITC LimitedITC · Filed with the exchange
The company strategically expanded its FMCG portfolio via acquisitions of 24 Mantra Organic, Prasuma, and Mother Sparsh.
Its Paperboards business acquired Century Pulp and Paper, expected to be EPS-accretive with a 30-40% EBITDA/ton increase.
ITC plans to invest Rs 20,000 Cr in the medium term.
The Food-Tech business scaled to 60 cloud kitchens, growing at 108% CAGR.
Additionally, ITCMAARS now empowers 22 lakh farmers.
The company reaffirmed its Net Zero by 2050 commitment.
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