The strategy reset covers multiple sectors in which the company operates including—agriculture, consumer goods, paper and packaging as well as hospitality. “Business segments that were incongruent to our growth aspirations, such as the Lifestyle Retailing Business, have shrunk," Puri said. Last fiscal, Savlon witnessed heightened demand and reached nearly ₹1,200 crore in annual consumer spends, the company said in its FY21 annual report. In FY20, Aashirvaad reported nearly ₹6,000 crore in consumer spends; while ITC's biscuit brand Sunfeast recorded consumer spends of over ₹4,000 crore. Meanwhile—within its agriculture business ITC will launch a super app during the year.

Source: Mint August 11, 2021 10:19 UTC