ITC's FMCG portfolio is growing rapidly on the back of hectic brand building, acquisitions, and new ventures, reports a Business Standard article. Long-term investments in manufacturing infrastructure and digitisation are bearing fruit, even as premiumisation of the product portfolio, cost efficiency and ramping up distribution stay in focus. Foods remain the biggest chunk of the FMCG businesses, the article states.
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https://www.business-standard.com/companies/news/foods-give-itc-an-appetite-for-diversification-recipe-for-margin-expansion-123060200746_1.html