ITC Ltd has surpassed Britannia Industries to become India’s second-largest listed packaged foods company by sales, trailing only Nestle. ITC’s latest annual report shows consolidated sales of ₹17,194.5 crore for the fiscal year ending March 31, 2024, driven by brands like Aashirvaad, Bingo, and Sunfeast. Britannia’s sales were ₹16,769.2 crore, while Nestle India led with ₹24,275.5 crore. ITC’s food business grew 9% in FY24, outpacing Britannia’s 2.9% growth. ITC’s strategy of expanding its premium brands and launching over 100 new products annually has been key to its growth.
ITC Becomes India’s Second-Largest Packaged Foods Company by Sales
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