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HEMANT MALIK ITC
ITC bets big on protein-rich foods, eyes fast-growing health segment marketITC Ltd is expanding its presence in the protein food segment as part of its health and wellness strategy. The company is introducing uniqu...- GST rate rationalisation to boost ITC's food divisionITC's food division is set to benefit from the recent GST rate rationalization, making its nutritional products more affordable. The compan...
- ITC Foods to ride q-comm wave with fresh pack forayITC Foods is strategically entering the fresh packaged foods market, including cookies, cakes, and chapatis, to capitalize on the growing q...
- ITC’s growth recipe for food business is about strategic takeoversITC Foods is strategically acquiring companies like Yoga Bar and 24 Mantra Organic to accelerate expansion and tap into the growing demand ...
- Buy ITC, target price Rs 575: Motilal Oswal Financial ServicesMotilal Oswal recommends buying ITC stock, setting a target price of Rs 575, significantly higher than the current market price of Rs 467.2...
- ITC chairman's net remuneration in FY24 grew 80%, executive directors also got moreAs the ITC chairman, I oversee a team of executive directors whose remuneration has significantly increased in FY24. The increments are lin...
- ITC to scale up cloud kitchen business, enter more citiesThe company calls this business food-tech, which it has identified as one of the emerging vectors of growth. It currently runs three brands...
- ITC to launch plant-based meat productsThe company is the first mainstream consumer company to enter this segment in the country even as Nestle, Unilever, Kellogg's and Cargill h...
- ITC adds breakfast items to its menuThe ready-to-cook, ready-to-mix and staples categories have higher margins compared with packaged commodities, but low penetration from bra...
- ITC says food business growing at healthy pace as consumption picks upIn potato wafers and bridges snacks, brands like Bingo, Tedhe Medhe and Mad Angles have gained share by about 1 percentage point to 13.5% a...
- ITC partners with Amway India to sell new immunity beverageITC and Amway hinted at extending the strategic partnership with more immunity-boosting breakfast and meal solutions. “Our portfolio of pro...
- ITC to enter paneer, milkshakes business in 2 monthsITC had earlier forayed into the dairy segment with the launch of milk and ghee in select markets.
- ITC: Horlicks, Complan valuations too high to buyITC pulled the plug for GlaxoSmithKline owned Horlicks bid early while it showed scant interest in Complan, owned by Kraft Heinz.
- ITC aims 10-12% market share in packed juice segment by next yearITC would continue to add more flavours in B Natural's portfolio and plans to add 4-5 new variants in next few months.
- ITC to file 3rd FIR in Delhi against videos on plastic in 'Aashirvaad Atta'We are now in the process to file another FIR in Delhi in coming few days, said ITC Divisional Chief Executive (Foods) Hemant Malik.
- ITC's Aashirvaad becomes Rs 4,000 cr brand, forays into new segmentsThe company as part of its expansion plans is also expanding brand Aashirvaad into new segments as milk and ghee in the dairy category, bes...
- ITC to launch new categories to spice up its food businessITC will not launch any new food brand. Instead, it will piggyback on existing ones for new launches and claims it has 5-6 new categories i...
- Hemant Malik is new chief of ITC’s foods businessVL Rajesh will be replaced by Hemant Malik, the chief executive of trade marketing and distribution for the group’s FMCG business, which in...
- ITC elevates B Sumant as president of FMCG businessSumant, who was the head of the cigarette business and non-cigarette FMCG trade marketing and distribution, will take over charge from Sanj...
- ITC plans to offer distribution networks to startups for a feeITC plans to offer its distribution network, covering all parts of the country through 4.3 million shops, to startups and FMCG companies.
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