Archive · 25 Jul 2025
ITC Eyes Food-Tech Growth as Consumer Trends Evolve
ITC, a big company, wants to grow its food-tech business, like online food delivery.
They're using their existing strengths to do this.
The food-tech business is growing very quickly.
They have cloud kitchens in several cities.
ITC believes that in the future, people will want higher-quality products and care about the brands they buy from.
Healthy foods and products focused on wellness are expected to become very popular.
ITC Ltd. aims to make food-tech a new growth area, leveraging its strengths.
The food-tech business has grown rapidly, with a 108% CAGR in the last three years.
ITC's food-tech platform operates 60 cloud kitchens across five cities.
Future consumers will prefer premium products and brands with purpose.
Segments like health, wellness, and nutrition are predicted to be future megatrends.
- Who
- ITC Ltd. and its Chairman and Managing Director, Sanjiv Puri.
- What
- ITC Ltd. is focusing on its food-tech business as a new growth vector.
- When
- The information was reported on July 25, 2025, during the company's 114th Annual General Meeting.
- Where
- India
- Why
- To capitalize on the evolving consumer trends and expand its business.
Internal Efficiency
External Factors
Efficiency vs External Factors
Internal Efficiency
ITC is focusing on internal efficiencies.
External Factors
Companies are dumping products into the Indian market.
- Company
- ITC Ltd.
- Growth Area
- Food-tech
- CAGR (food-tech)
- 108%
- Cloud Kitchens
- 60
- Cities
- 5