| FMCG - Cigarettes | Manufacture and sale of cigarettes and tobacco products with integrated seed to smoke value chain. | Integrated leaf to product supply chain, strong brands, market leadership, and regulatory barriers. | B2C large urban and rural cigarette consumers across India. | Premium cigarette variants and proprietary tobacco blends. | 35894 | 48 | Product sales through extensive retail and distributor networks. | Market-driven pricing subject to high regulatory taxes and excise duties. | Stable tax regime, innovation in premium segments, countering illicit trade, and strong brand equity. | Gold Flake, Classic, Capstan, Flake, Silk Cut, American Club |
| FMCG - Others | Packaged foods, personal care, stationery, incense sticks, safety matches, dairy, snacks and beverages. | Strong brand portfolio, robust innovation pipeline, extensive distribution network, and backward integration. | B2C consumers across urban and rural India; growing presence in new generation channels. | Premium personal care, frozen foods, organic and digital-first brands. | 22015 | 29 | Sales via retail, e-commerce, modern trade and institutional channels. | Market-driven pricing complemented by premiumisation and organic product lines. | Category expansion, digital-first portfolios, new product launches and wide distribution. | Aashirvaad, Sunfeast, Bingo!, Classmate, Fiama, Savlon, Engage, Mangaldeep |
| Agri Business | Procurement, processing, exports and trading of agricultural commodities; supporting farm advisory and FPOs. | Deep farmer linkages, proprietary agri-extension ITCMAARS platform, sustainable sourcing and scale in exports. | B2B customers, global buyers of spices, coffee, marine products, and Indian farmers. | Value-added spices, organic products, coffee and marine exports. | 20164 | 27 | Sourcing and export margins, value-added agri product sales. | Commodity market linked, long-term contracts, and value-added trading margins. | Value-added product scaling, export market growth, sustainability programs, and digital agri-tech platforms. | Aashirvaad Staples, Sunrise Spices, ITC Agri Exports |
| Paperboards, Paper & Packaging | Manufacture of paperboards, specialty papers, sustainable packaging and printing solutions. | Integrated fibre sourcing, plantations, advanced technology, and leadership in eco-friendly packaging. | B2B across FMCG, pharma, electronics, and foodservice sectors. | Value-added specialty papers and sustainable packaging solutions. | 8425 | 11 | Sales to packaging users, FMCG and industrial clients. | Contract and spot sales; premium pricing for sustainable products. | Demand from packaging, plastic substitution, exports, and digital innovation in product development. | Paperkraft, FiloBev, FiloServe, FiloPack |
