ITC to acquire organic FMCG staples brand 24 Mantra Organic for ₹472.5 crore
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Swapnil gupta
Founder startupsunio... • 1m
🙏 I was Analysing the business model of ITC and I was shocked to see.
Almost 40% revenue and profit comes from Cigarette sales and it’s the second largest FMCG company in india.
#startup #business #ITC #startupideas
ITC, a major player in the FMCG sector, is set to acquire an additional 73.5% stake in Mother Sparsh Baby Care, a D2C brand known for its natural baby care products. This move will make Mother Sparsh a wholly-owned subsidiary of ITC.
The acquisition