ITC eyes growth in food-tech, wellness segments

Diversified conglomerate ITC Ltd is expanding its presence in new business segments such as food-tech, wellness, sustainable packaging and agri-tech platforms, as part of its broader ‘ITC Next strategy.

- Suneera Tandon & Gaurav Laghate

Speaking at the company’s 113th annual general meeting, chairman Sanjiv Puri said the group is building a “future-ready portfolio” to navigate a challenging business environment. He said the environment was at a critical “TURN”—turbulence, uncertainty, rapid change and the need for novel strategies.

“Future readiness is not merely about adapting to change, it is about anticipating, innovating and proactively shaping the future,” Puri said.

ITC's food-tech vertical, which combines its packaged foods, hospitality and digital platforms, has seen a 108% compound annual growth rate over the last three years. Operating through four brands—ITC Master Chef Creations, Aashirvaad Soul Creations, Sunfeast Baked Creations and Sansho—the full-stack platform currently runs 60 cloud kitchens in five cities and is being scaled up across the country.