ITC Ltd [Products List Brands] Company Subsidiaries

Company Overview

Founded in 1910, ITC Limited has evolved into one of India’s foremost private sector companies with a diversified presence across FMCG, Hotels, Paperboards & Packaging, Agri Business and Information Technology. With a market capitalization of over Rs. 5.5 lakh crores as on 31st March 2024, ITC is recognized for its commitment to nation-building, sustainability, and inclusive growth.

Headquartered in Kolkata, ITC operates with a vision to enhance societal capital while delivering superior shareholder returns. The Company’s business strategy is underpinned by its philosophy of creating enduring value for the nation through multiple drivers of growth, world-class capabilities, and an unwavering focus on innovation and sustainability.

ITC’s “Nation First: Sab Saath Badhein” credo forms the bedrock of its operations, emphasizing inclusive and sustainable development. The Company’s portfolio of businesses is structured to reduce risks and leverage synergies among them, making it resilient in the face of macroeconomic uncertainties.

Chairman’s Message

Sanjiv Puri, Chairman and Managing Director, highlighted ITC’s stellar performance across all sectors despite a challenging external environment marked by geopolitical tensions, inflationary pressures, and supply chain disruptions. He emphasized the company’s agility, innovation, and focus on digital transformation as key enablers of growth.

Puri stressed the importance of ITC’s commitment to sustainability, particularly through its initiatives like carbon sequestration, plastic neutrality, and water stewardship. He reiterated the company’s aspiration to be an exemplar in sustainability, driven by its multi-dimensional ESG targets.

Financial Highlights FY 2023–24

• Gross Revenue: Rs. 76,580 crores (up 3.4% YoY)
• EBITDA: Rs. 25,562 crores (up 7.5% YoY)
• Profit Before Tax (PBT): Rs. 23,853 crores (up 10.2% YoY)
• Profit After Tax (PAT): Rs. 19,484 crores (up 11.3% YoY)
• Total Shareholder Returns CAGR (2013–2024): 13.7%
• Final Dividend Recommended: Rs. 7.50 per share (Total Dividend for FY24: Rs. 14.50 per share)

The Company maintained a strong Balance Sheet with robust cash flows, enabling strategic investments and higher returns to shareholders.

Segment-Wise Performance

FMCG – Cigarettes

Despite volume pressures in the broader FMCG sector, the Cigarettes Business posted a resilient performance, aided by stable taxation and market share gains. Innovations like capsule cigarettes and focused trade marketing initiatives helped enhance consumer engagement.

FMCG – Others

This segment recorded a robust growth trajectory driven by staples, noodles, snacks, dairy, and personal care products. Notable brands such as Aashirvaad, Bingo!, Sunfeast, YiPPee!, Savlon, and Fiama witnessed strong traction. Strategic acquisitions, product innovations, and premiumization efforts contributed to revenue growth.

• Segment Revenue: Rs. 20,195 crores (up 10.4% YoY)
• Segment EBITDA: Rs. 1,757 crores (up 23.2% YoY)

Hotels

The Hotels Business saw a strong rebound, leveraging increased domestic travel and improved ARR (Average Room Rates). Occupancy levels surpassed pre-COVID levels, and the company expanded its footprint under the Welcomhotel and Mementos brands.

• Segment Revenue: Rs. 3,090 crores (up 19.8% YoY)
• Segment EBITDA: Rs. 1,026 crores (up 25.6% YoY)

Agri Business

ITC’s Agri Business continued to demonstrate agility amidst global supply chain challenges. The company strengthened its value-added portfolio, especially in spices and processed fruits. The ITCMAARS initiative expanded significantly, bringing digital agriculture solutions to over 2 million farmers.

• Segment Revenue: Rs. 12,555 crores (down 8.6% YoY due to commodity price corrections)
• Segment EBITDA: Rs. 1,366 crores (up 7.9% YoY)

Paperboards, Paper & Packaging

The business faced headwinds from subdued demand in the FMCG and e-commerce sectors and elevated input costs. However, capacity augmentation and operational efficiencies helped mitigate some of the impact.

• Segment Revenue: Rs. 8,764 crores (down 6.4% YoY)
• Segment EBITDA: Rs. 1,810 crores (down 11.5% YoY)

List of products and brands offered by ITC Limited

Here is a list of products and brands offered by ITC Limited across its key business segments, as extracted from the 2023–24 annual report:

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FMCG – Foods

• Staples, Snacks, and Meals:
  • Aashirvaad: Atta, Salt, Spices, Instant Mixes, Vermicelli, Ready Meals
  • Sunfeast: Biscuits, Cakes, Pasta, Yippee! Noodles
  • Bingo!: Chips, Namkeens
  • Kitchens of India: Ready-to-eat Indian cuisine
  • ITC Master Chef: Frozen Snacks, Gravies, Spices
• Beverages:
  • B Natural: Juices
  • Sunbean: Coffee
  • Fabelle: Luxury Chocolates

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FMCG – Personal Care Products

• Soaps, Shampoos, and Fragrances:
  • Fiama: Bathing Bars, Shower Gels
  • Vivel: Soaps, Body Wash
  • Engage: Deodorants, Perfumes
  • Dermafique: Skincare products

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FMCG – Education and Stationery Products

• Classmate: Notebooks, Writing Instruments, Art Stationery
• Paperkraft: Premium Notebooks and Office Supplies

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FMCG – Incense Sticks and Matches

• Mangaldeep: Agarbattis, Dhoop, Puja Products

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FMCG – Cigarettes

• Popular Brands:
  • Classic
  • Gold Flake
  • Navy Cut
  • Scissors
  • Insignia
  • Flake
  • Capstan
  • Berkeley
  • American Club

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Agribusiness Division

• Leaf tobacco and spices
• Fruits, vegetables, and marine products

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Paperboards, Paper & Packaging

• Packaging products for FMCG, food, beverage, and personal care industries
• Specialty papers and green packaging solutions

List of subsidiaries of ITC Limited

Here is the list of subsidiaries of ITC Limited as per its 2023–24 annual report:

A. Wholly Owned Subsidiaries

1. ITC Infotech India Limited
2. ITC Infotech Limited, UK (Subsidiary of ITC Infotech India Limited)
3. ITC Infotech (USA), Inc. (Subsidiary of ITC Infotech India Limited)
4. Technico Pty Limited, Australia
5. Technico Agri Sciences Limited
6. Technico Technologies Inc., Canada
7. ITC IndiVision Limited
8. ITC Mars Private Limited
9. ITC Nepal Private Limited
10. Mother Sparsh Baby Care Private Limited

B. Other Subsidiaries

1. Surya Nepal Private Limited (subsidiary of ITC Limited)

C. Step-Down Subsidiaries

These are subsidiaries of ITC’s subsidiaries:

• ITC Infotech Limited, UK and ITC Infotech (USA), Inc. are subsidiaries of ITC Infotech India Limited
• Technico Technologies Inc. (Canada) and Technico Agri Sciences Ltd are subsidiaries under Technico Pty Limited, Australia

This list reflects the group structure as of March 31, 2024 .

Sustainability & ESG Initiatives

ITC continues to be a global exemplar in sustainability:

• Carbon Positive for 18 consecutive years
• Water Positive for 21 years
• Solid Waste Recycling Positive for 16 years
• Over 6.4 million tonnes of CO2 sequestered through forestry initiatives
• Over 60% of energy consumption met from renewable sources
• Plastic Neutral for the third consecutive year

Notable initiatives:

• 12,000+ villages covered under social investment programs
• 1.4 million+ farmers supported through sustainable agriculture practices
• 55,000+ SHGs (Self Help Groups) empowered
• 2,500+ EVs deployed in logistics fleet

Digital & Innovation Strategy

ITC is accelerating its digital transformation through:

• ITC Next Horizon: A comprehensive digital strategy focused on smart manufacturing, agile supply chains, and data-driven consumer engagement
• Digital-first brands like Dermafique and Charmis
• Smart procurement and AI-based agri value chains
• Digital farming advisory through ITCMAARS app

ITC’s Life Sciences and Technology Centre continues to power innovation with over 1,600 patent filings across food science, packaging, and personal care.

Corporate Social Responsibility

• Primary Education: 28,000+ government schools supported
• Health & Sanitation: 30,000+ toilets constructed
• Livelihoods: 4.5 million people benefitted through e-Choupal, SHGs, and vocational training
• Afforestation: 9 lakh acres under social and farm forestry

Future Outlook

ITC aims to:

• Scale up digitalization across all verticals
• Deepen rural and urban penetration for its FMCG portfolio
• Leverage hospitality tailwinds through asset-right expansion
• Expand value-added agri exports and strengthen food processing
• Continue investments in sustainable packaging and renewable energy
• Drive shareholder value through strategic capital allocation and innovation

Consolidated Balance Sheet (As at 31st March, 2024)

Assets

• Non-current assets: ₹58,082.15 crore
• Current assets: ₹40,548.96 crore
• Total Assets: ₹98,631.11 crore

Equity and Liabilities

• Equity Share Capital: ₹1,243.30 crore
• Other Equity: ₹78,471.89 crore
• Total Equity: ₹79,715.19 crore
• Non-current liabilities: ₹4,768.66 crore
• Current liabilities: ₹14,147.26 crore
• Total Liabilities: ₹18,915.92 crore

Total Equity and Liabilities: ₹98,631.11 crore

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Consolidated Statement of Profit and Loss (For the year ended 31st March, 2024)

• Revenue from Operations: ₹71,598.89 crore
• Other Income: ₹3,762.32 crore
• Total Income: ₹75,361.21 crore
• Total Expenses: ₹50,198.38 crore
• Profit Before Tax: ₹25,162.83 crore
• Tax Expense: ₹6,349.01 crore
• Profit After Tax (Net Profit): ₹18,813.82 crore
• Earnings per Share (Basic & Diluted): ₹15.13

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Consolidated Cash Flow Statement (For the year ended 31st March, 2024)

• Net Cash Flow from Operating Activities: ₹20,178.35 crore
• Net Cash Flow used in Investing Activities: ₹(3,367.40) crore
• Net Cash Flow used in Financing Activities: ₹(15,392.39) crore
• Net Increase in Cash and Cash Equivalents: ₹1,418.56 crore
• Cash and Cash Equivalents at End of Year: ₹5,771.41 crore

ITC Limited has announced a substantial investment plan of ₹20,000 crore over the medium term to bolster its growth across various business segments. This strategic initiative underscores the company’s commitment to enhancing its manufacturing capabilities, expanding its market presence, and driving sustainable growth.

Investment Allocation Breakdown

According to Chairman Sanjiv Puri, the ₹20,000 crore investment will be distributed as follows:

• FMCG Sector (₹7,000–8,000 crore): Focused on building Integrated Consumer Goods Manufacturing and Logistics (ICML) facilities to streamline operations and reduce the time-to-market for products.
• Paperboards and Packaging (₹7,000 crore): Aimed at expanding capacity, including the establishment of a new greenfield plant, to meet increasing demand and replace the saturated Bhadrachalam facility.
• Other Sectors: The remaining investment will be allocated to other business areas, including agriculture, digital transformation, and corporate initiatives, to support overall growth and competitiveness.

Conclusion

The 2023–24 fiscal year was marked by robust growth across ITC’s core businesses, a reaffirmation of its sustainability leadership, and a strong focus on digital innovation. With a diversified portfolio, sound financials, and an inclusive strategy, ITC is well-positioned for sustained growth and value creation.

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