ITC targets Rs.100,000 crore revenue by 2030

Kolkata, July 31 (IANS) Leading consumer goods company ITC Ltd. has targeted revenue of Rs.100,000 crore by 2030 from its FMCG business.

“We will enter all the segments which qualify under the tern FMCG… Our aspiration is to become the leading FMCG player in India,” company chairman Y.C. Deveshwar said here during its AGM.

He said ITC is on the growth path as far as its topline is concerned. Bottomline performance, however, was not that impressive.

“We are on a growth path as far as topline is concerned but not in the bottomline. This is because we are creating businesses of the future,” he said.

Deveshwar said the company is building its second hotel in West Bengal with an investment of Rs.1,000 crore.

“Altogether, a Rs.3,500 crore investment has been lined up for the state,” he said.

Besides the upcoming hotel, the Kolkata-based company is also building two factories and one infotech centre in the state.

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