PUBLICATION, IIPM
Truly so, ITC's focus had become diversified due to the promises of high growth in non-cigarette industries. But the fact also is that these are the same industries that have killed ITC's growth. The non-cigarette FMCG business segment of ITC, including packaged foods, saw a loss of Rs.900 million in the first half of the current financial year. And the losses have actually grown at 4.67% year on year. It makes very less business sense to continue in businesses that rather than contributing significantly to turnovers, are unnecessarily taking away the corporation's investments; these are huge opportunity costs in the making.
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Source:IIPM Editorial:- 2006
