ITC, the Kolkata-based conglomerate, reported that consumers spent over ₹29,000 crore on its fast-moving consumer goods (FMCG) in the fiscal year 2022-23, indicating a growth rate of more than 20% year-on-year. The earnings before interest, tax, depreciation and amortisation (EBITDA) margin of the FMCG business increased to 10.2% from 9.1% in FY22, in spite of high commodity and input prices.
