ITCs Non-cigarette FMCG business
comprising branded packaged foods, lifestyle retailing, greetings, gift and stationery and
safety matches and Incense sticks, grew by nearly 80 percent in 2005-06 over the previous
year to cross the Rs. 1000-crore mark.
According to the latest annual report,
ITCs branded packaged foods business grew 87 per cent in 2005-06. In the staples
category, Aashirvaad Atta emerged as the leader amongst the national branded
players with a market share of 45 per cent.
During the year, ITC also made a foray into
the branded spices market under the Aashirvaad brand. ITCs
Sunfeast biscuit volumes doubled during the year and the brand has already
captured eight per cent of the total biscuits market in India.
In its lifestyle-retailing segment ITC has
commenced export of garments under the quota-free regime. The company is augmenting its
manufacturing capacities across its portfolio Wills Sport, Wills
Clublife and the Classic. ITC retails the brands through exclusive
outlets and shop-in shops.
In its greetings, gifting and stationery
business, ITC is planning to launch another notebook brand in addition to
Classmate. ITC plans to leverage on its distribution strengths in smaller
towns and rural areas, especially in markets served by the e-Choupal and Choupal
Saagar networks.
ITC also plans to scale up its FMCG operations
over the next few years through a combination of synergistic collaboration among the
various businesses in its portfolio, significant investments in brand building and further
enhancement of supply chain and marketing activities.