Company DescriptionITC Limited engages in the fast-moving consumer goods, hotels, paperboards and paper, packaging, agri, and information technology (IT) businesses in India and internationally. It primarily offers cigarettes and cigars; staples, spices, biscuits, confectionery and gums, snacks, noodles and pasta, beverages, dairy, ready to eat meals, chocolate, coffee, and frozen foods; personal care products; notebooks, pens and pencils, geometry boxes, erasers, sharpeners, rulers, wax and plastic crayons, sketch pens, and oil pastels; apparel, safety matches; and incense sticks under various brands. The company also operates approximately 113 hotels under the ITC Hotel, WelcomHotel, Fortune, and WelcomHeritage brands; and Kaya Kalp spas. In addition, it offers virgin, recycled, barrier coated, biodegradable barrier, and graphic boards, as well as specialty papers; and packaging products, such as carton board, flexible, tobacco, and green packaging products; and exports feed ingredients, food grains, marine products, processed fruits, coffee products, leaf tobacco products, and spices. Further, the company offers information technology services for the banking, financial services, consumer goods, manufacturing, travel, hospitality, and healthcare industries. Additionally, it provides property infrastructure and estate maintenance; engineering, procurement, and construction management services; project management consultancy services; business consulting, real estate development, and agro-forestry and other related services; manages and operates golf courses; fabricates and assembles machinery for tube filling; cartooning and wrapping services; conveyor solutions; and produces and commercializes seed potato technology products The company was incorporated in 1910 and is headquartered in Kolkata, India.
How the Company Makes MoneyITC Limited generates revenue through its diversified business portfolio. The company's largest revenue stream is its FMCG sector, particularly from the sale of cigarettes, which has been a traditional stronghold. In addition to tobacco products, ITC has expanded its FMCG business to include packaged foods, personal care, and other consumer goods. The hotels segment contributes to revenue through hospitality services, benefiting from ITC's owned and managed luxury hotels across India. The Paperboards and Packaging division earns through the sale of paperboards, specialty papers, and packaging products. ITC's Agri-Business segment generates income by sourcing and exporting agricultural commodities. Lastly, the Information Technology division provides IT services and solutions, primarily through its subsidiary, ITC Infotech. The company's earnings are bolstered by its strong brand equity, extensive distribution network, and strategic partnerships across sectors.