what is the turnover of aims
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The company’s non-cigarette FMCG turnover is about 25 per cent of its total turnover or ₹12,000 crore and an eight-fold jump would take the company closer to its target amount of ₹1,00,000 crore. “At the current run rate, we would look at an 8x growth in turnover over the long term,” Puri said.
He added that new capacities including integrated consumer goods manufacturing units and logistics facilities will also be coming-up depending on the demand scenario.
“There are some categories and sub-categories where we have taken leadership position. There are some where we are yet to achieve the pole position. We are looking at these categories,” he said.
In FY19, ITC had new launches across 50 categories, and so far this fiscal, it has made 26-odd launches. Around 40-50 new launches are expected this fiscal across FMCG categories.
“A consumption slowdown was witnessed towards the second half of the last fiscaI. It continues. But, the structural drivers for the economy are in place. The fact that we are confident of consumption picking up is evident from the fact that we are not pulling back on investments. We are gearing up for the opportunities in the (FMCG) segment,” the Chairman said.
Investment in start-ups
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