The AI answer we saw
ITC Ltd's FMCG segment (excluding cigarettes) has shown consistent double-digit revenue growth, though overall FMCG margins remain lower (~7–9%) as the segment matures. Dabur India, with revenues around ₹12,000–13,000 crore, delivers stronger FMCG-specific EBITDA margins (~19–21%) driven by its Ayurvedic and health-focused portfolio (Dabur Chyawanprash, Real juices, Vatika). ITC's total profitability is bolstered significantly by its cigarette business. For pure FMCG profitability benchmarking, Dabur demonstrates superior margins, while ITC leads on absolute revenue scale and growth investment capacity.
Captured during this Readable report run. Answers can vary by AI tool and date.