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ITC plans to invest 40 percent of capex towards FMCG business

Thursday, 14 Dec 2023
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ITC is planning to invest 35-40 percent of capital expenditure annually to build a future-ready, competitive and resilient non-cigarette FMCG business. The company is pursuing new vectors of growth through higher value-added products and services, opportunities at the intersection of sustainability.  This was discussed at the presentation during the Institutional Investors & Financial Analysts Day held on 12 December, 2023.

Exports and value-accretive acquisitions are also integral elements of the ITC Next strategy, which is demonstrating results with robust performance across all its businesses. The company’s growth plan for FMCG business is driven by future-ready portfolio, purpose-led brands, synergy, value-accretive mergers and acquisitions, efficient supply chain, and others.

The conglomerate’s capex across segments on average stands at over Rs 3,000 crore every year. The FMCG segment registered an EBITDA margin growth of 310 basis points in the last three financial years.

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