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Economic Performance
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| ITC posted yet another year of stellar performance, with Gross Turnover
growing by 13% to Rs.13,350 crores. The success of the Company’s strategy of creating
multiple drivers of growth leveraging the diverse competencies inherent in its portfolio
of businesses is evident in the resounding growth of its non-cigarette businesses. While
cigarette sales recorded an 8.4% growth, the non-cigarette businesses grew by 29.5%,
largely due to the outstanding performance of the hotels, paperboards and FMCG businesses.
Consequently, the share of the non-cigarettes businesses in net sales has increased from
25% in 1999-00 to 42% in 2004-05. |
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