Pummy Kaul
New Delhi
In a bid to take a larger bite of the rapidly growing
convenience food market, ITC Foods, the Bangalore-based foods division of diversified ITC,
has added one more product to its portfolio of packaged foods. The company has
soft-launched a range of 'cooking pastes' under its ready-to-eat gourmet cuisine brand
Kitchens of India and readymeal Aashirwaad brand, as well. ITC Foods, when contacted,
refused to comment on the proposed launch.
A niche category, the only player present in the nascent
category is South-based ready-to-eat foods brand Tasty Bites which launched a range of
'curry pastes' last year. Dabur Foods, though the pioneer in introducing packaged pastes
with its Hommade brand, has restricted itself to launching ingredient-based pastes.
Meanwhile, ITC is targeting both the top-end and the middle
rung of the market. Under its gourmet cuisine brand Kitchens of India, the company has
soft-launched a basket of cooking pastes including chicken curry, butter chicken curry,
mutton curry, fish curry and vegetable biryani. These have been launched in 100-gm packs
and are priced at Rs.30.
Under Aashirwaad, ITC is currently offering a
'multipurpose' cooking paste which can be adapted to both vegetarian and non-vegetarian
dishes. Considering the target audience it's tapping with this brand, it is priced at Rs
10 for a pack of 80gm.
While details are not known, the products are being sourced
from MM Poonaji Spices. The company, however, follows an outsourcing model wherein the
products are sourced from local manufacturers and packed in packs that help sustain the
product and increase shelf-life.
ITC, which has invested about Rs.10 crore in the R&D
centre located in Bangalore, has brought a range of products including packaged atta, salt
and biscuits in the recent past.