CLSA, as per reports, said the long-term positives of the company are unfolding as the revenue diversifies. Thus, the outlook is positive with compelling valuations.
The diversified conglomerate will focus on going deeper into Bihar and Bengal
with its fresh dairy products over the next few years. Bihar, and Kolkata in Bengal are the two markets
where ITC’s fresh dairy products such as milk, curd, paneer and lassi – are currently available, said a Business Standard report dated October 8.
According to a yet another report by Business Standard, ITC’s Savlon is set to cross consumer spend of Rs 1,000 crore this year, a more than fourfold jump from last year and the first from the personal care portfolio to achieve the milestone. Sameer Satpathy, divisional chief executive officer, personal care products business at ITC, said, Savlon would be the first brand from the personal care portfolio to clock in consumer spend of Rs 1,000 crore. READ MORE