Home / Business / Money / After juice foray, will enter tea, coffee, dairy biz: ITC

After juice foray, will enter tea, coffee, dairy biz: ITC

In a bid to realize its long-stated aim of growing its fast-moving consumer goods (FMCG) business from about Rs 8100 crore last year to Rs 1 lakh crore in 15 years, ITC chairman YC Deveshwar said the company is ready to dairy, tea and coffee products, soon after the company forayed into the fast-growing juice market.

In a bid to realize its long-stated aim of growing its fast-moving consumer goods (FMCG) business from about Rs 8100 crore last year to Rs 1 lakh crore in 15 years, ITC  chairman YC Deveshwar said the company is ready to dairy, tea and coffee products, soon after the company forayed into the fast-growing juice market.

Last month, ITC launched B Natural, a juice brand it acquired from a Bangalore based company in May 2014 for an undisclosed sum. B Natural will compete with the PepsiCo’s Tropicana and Dabur’s Real brands in the USD 2.5 billion (2012) juice and nectars market, which one study slated to grow to about USD 21 billion by 2018.

The ITC chief also threw his weight behind its IT business, stating the company had “big aspirations” for the vertical and added that the CEO of the division was looking to fast-track both organic and inorganic growth.

While in the hotels business, Deveshwar said it was looking to double the size of its hotels business in the next 15 years.

ITC stock price

On February 02, 2015, at 15:25 hrs ITC was quoting at Rs 360.95, down Rs 7.65, or 2.08 percent. The 52-week high of the share was Rs 400.00 and the 52-week low was Rs 311.10.


The company’s trailing 12-month (TTM) EPS was at Rs 11.91 per share as per the quarter ended December 2014. The stock’s price-to-earnings (P/E) ratio was 30.31. The latest book value of the company is Rs 32.84 per share. At current value, the price-to-book value of the company is 10.99.

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...