ITC, section of diversified FMCG area, rose 25 for each cent in about 6 months compared to above 9 per cent fall observed in the Nifty50, and the momentum is probably to proceed in the close to-expression, propose gurus. The S&P BSE Sensex stock strike a 52-7 days superior of Rs 282 on 20 Could 2022 but failed to hold on to the momentum amid muted world-wide cues. It bounced again following hitting a small of Rs 258 previous week. The stock with a marketplace capitalisation of far more than Rs 3.2 lakh crore is trading in close proximity to very important help amounts which could cause a bounce back…
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ITC revenue, profits surpass pre-pandemic levels; FMCG business crosses consumer spend of Rs 24000 cr in FY 22
ITC’s Fast Moving Consumer Goods (FMCG) business crossed annual consumer spend of Rs 24000 crore in FY 22, said the company in its annual report on Wednesday. ITC remains focused on rapidly scaling up the FMCG businesses anchored on strong growth platforms and a future-ready portfolio, said ITC in its annual report “ITC’s vibrant portfolio of over 25 world-class Indian brands, largely built through an organic growth strategy in a relatively short period of time, represents an annual consumer spend of over ₹ 24000 crores and reach over 200 million households in India,” the report read. ITC’s FMCG revenue grew from Rs 12,844 crores in FY 20 to…
