ITC Ltd, the Kolkata-based conglomerate, in its Annual Report has indicated export business as a key growth driver, with overseas revenue nearly tripling over the past six years. The company attributed the growth to its “ITC Next” strategy, which focuses on building new growth engines across fast-moving consumer goods (FMCG), agriculture, technology and sustainable businesses, according to an official statement.
ITC in its Annual Report claims that its diversification strategy is also reshaping its revenue mix. Non-cigarette businesses contributed 64% of net segment revenue in FY26, up from 57% in FY17, driven by growth in FMCG, agriculture, paperboards and IT services.
Financially, ITC reported gross revenue of nearly Rs 80,870 crore in FY26, up from Rs 47,560 crore in FY21, while profit after tax increased to around Rs 20,290 crore from Rs 13,420 crore during the same period.
Agriculture remains central to the company’s export ambitions. The Company in its Annual Report said that it became India’s largest exporter of organic spices last year and is expanding shipments of value-added agricultural products, including biological extracts.
Beyond agriculture, ITC’s sustainable packaging business grew 2.4 times between FY22 and FY26, supported by rising demand for recyclable and compostable packaging solutions.
Technology-led initiatives are also gaining traction. ITC’s digital food delivery business now operates around 70 cloud kitchens across five cities, while its ITCMAARS agri-tech platform supports 2.6 million farmers and nearly 2,200 farmer producer organisations, strengthening farm productivity as well as sourcing for the company’s foods business.
