ITC targets ₹8 lakh crore FMCG opportunity by 2035 with AI, quick commerce and M&A
At its AGM, ITC outlined an FMCG scale-up plan centred on AI-led consumer segmentation, omnichannel and quick-commerce distribution, premiumisation and acquisitions. Its FMCG revenue has risen from about ₹14,720 crore in FY21 to more than ₹24,200 crore, with acquired brands contributing roughly ₹1,350 crore in annual recurring revenue.
ITC is targeting India’s expanding FMCG opportunity through AI-led consumer segmentation, omnichannel and quick-commerce distribution, premium-category acquisitions, and health-focused innovation. At its AGM, it highlighted revenue growth, acquired-brand ARR and plans to scale power brands under its ITC Next strategy.
Why this matters
The plan extends ITC’s recent signal targeting an ₹8 lakh crore FMCG opportunity by 2035 and its AI- and premiumisation-led growth push, following a resurfaced 2022 comparison with Future Retail’s decline.
Retail-company is accelerating, up 1,041,300% QoQ.