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ITC Hotels expands rapidly with 25 new properties in 24 months, eyes robust revenue growth through ‘Asset-Right’ strategy and new brand introductions
Over theÍŹ pÍŹast ÍŹÍŹ24ÍŹÍŹ ÍŹÍŹmonths, ITC has opÍŹÍŹened 2ÍŹ5 hotels uÍŹÍŹnder ÍŹits ÍŹbrand ÍŹpÍŹÍŹÍŹortÍŹfolioÍŹ, wÍŹÍŹÍŹiÍŹthÍŹ ÍŹ2ÍŹ4 ÍŹof tÍŹhesÍŹÍŹeÍŹ beÍŹiÍŹnÍŹgÍŹ managed ÍŹpropÍŹertÍŹieÍŹÍŹs,ÍŹ as reÍŹpÍŹorted in...
ITC reports 12% surge in FMCG consumer spending, reaches INR 32,500 Cr in FY24
ITC, aÍŹ diversified conÍŹglomeÍŹratÍŹe, repoÍŹrted aÍŹ 12% iÍŹncÍŹrease in consumer spending on its FMCG producÍŹts, reaching nearlyÍŹ INR 32,50ÍŹ0 crÍŹore in FY24. This growthÍŹ...
FMCG giants intensify urban market focus with wave of new product launches
The slowdown in consÍŹumer spending hasÍŹn't deterredÍŹ fast-moving consumer goods (FMCG) companies from ÍŹiÍŹntrodÍŹucing new prÍŹoducÍŹts. In recent ÍŹmonths, there haÍŹs beÍŹen ÍŹa flÍŹuÍŹrry...
Dr.Gluten: The ‘ITC’ of the Gluten-Free Market?
In the fast-evolving landscape of gluten-free products, Chakna Singh, a pioneering brand founded by Ribhu Tiwari, is making significant strides to position itself as...
Mondelez partners with Lotus Bakeries to manufacture and sell Biscoff in India, eyes premium cookie segment growth
Mondelez, a leading snacking company, has partnered with Belgian biscuit maker Lotus Bakeries to manufacture, sell, and market Biscoff, the latter's flagship brand, in...
ITC Hotels will have robust debt-free balance sheet, says Chairman Sanjiv Puri
The newly formed entity, ITC Hotels, will have a strong debt-free balance sheet which will help it raise capital of its own through equity...
How Renewable Energy is Transforming Hotels Across India
The Indian hotel industry is transforming as it increasingly adopts renewable energy sources. This movement towards sustainability is not only reducing operational costs but...
Competition watchdog approves ITC Hotel’s demerger plan
The Competition Commission of India (CCI) has given the green light to the demerger of ITC Ltd's hotel business into a separate entity.Once the...
FMCG giants like Nestle, ITC, and Tata Consumer embrace premiumization with innovative strategies
For the first time, Nestle India, a packaged foods manufacturer, is planning to recruit tasters and connoisseurs of premium foods for its soon-to-be-launched super-premium...
ITC’s Q4 net profit dips 1.3% to INR 5,020 Cr, final dividend announced
Cigarettes-to-soap major ITC Ltd recorded a standalone net profit of INR 5,020.20 crore in the March 2024 quarter, indicating a 1.3 percent decrease year-on-year...
ITC leverages innovative packaging and product premiumization to elevate customer experience
ITC, a diversified conglomerate, is focusing on enhancing product experience and shelf life while promoting sustainability through innovative packaging. The company is also managing...
ITC, Tata Consumer exit plant-based meat market as interest wanes and viability dwindles
ITC Ltd. and Tata Consumer Products Ltd. have opted out of the plant-based meat market, citing a decline in its buzz and economic feasibility....