One of the FMCG giant, ITC Limited is ready to take aggressive steps to surpass its peers, Nestle and Britannia and become the incumbent player in the industry.
The company aims to become leading player in India’s packaged foods industry in next two to three years. To achieve this aim, the company needs to add new products and new product categories into its food business segment.
Recently, the company had planned to increase its market share in fruit juice market. After Dabur, the ITC company is the third largest in the fruit juice market. It can be seen that the company is trying to change itself from the largest tobacco player to the largest diversified company in the country.
As per the data available with the BSE, ITC’s Net Profit Margin and Operating Profit Margin ratios are well placed at 19.5% and 31.2% respectively, as of December 2016 quarter.
ITC stock is trading flat at around Rs 278 per share for past ten trading sessions with average 70% of deliverable quantity to traded quantity which shows great faith of investors in the stock.