ITC's packaged food business crossed the $2-billion revenue mark in FY26, with gross sales reaching Rs 20,504 crore, according to the company's 2025-26 annual report. As the food business grew 12% year-on-year, the conglomerate's non-cigarette fast-moving consumer goods (FMCG) portfolio achieved consumer spending of Rs 37,000 crore, including trade margins and GST. The FMCG business improved its performance last year, aided by the reduction in goods and services tax and a higher share of premium, high-margin product launches. In FY25, the packaged food business had grown 6% year-on-year, while consumer spending on its FMCG brands increased 4.6%. In FY26, consumer spending rose 9% year-on-year. The food business remains the largest contributor to ITC's FMCG sales.