ITC Group’s foreign exchange earnings from exports up 29% in FY21
19th Jul 2021

ITC Group’s total foreign exchange earnings from exports rose 29.08 percent to Rs 5,934 crore in FY21. The foreign exchange earned by ITC was up 31.2 percent to Rs 4,600 crore, mainly on account of exports of agri-commodities.

In FY20, the direct foreign exchange earned by ITC was Rs 3,506 crore and the total earning including its subsidiaries was Rs 4,597 crore. While ITC's expenditure in foreign currency amounted to Rs 1,664 crore for the year ended March 31, 2021. This comprises the purchase of raw materials, spares, and other expenses of Rs 1,366 crore and the import of capital goods of Rs 298 crore.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.