ITC Foods plans to expand its dairy business through exports in the next few months.

The company will begin by exporting its packaged badam milkshakes to Dubai and Saudi Arabia and gradually enter other global markets.

Bakeries make up one of the largest user-industries of dairy products. ITC aims to capture 5-10 per cent of the packaged milkshake market in the first year of launching its dairy business pan-India. The size of the packaged milkshake segment is Rs 1,000 crore.

ITC Dairy and Beverages was set up four years ago and currently has 9-10 percent market share in the beverages sector that is roughly worth Rs 2,000 crore.

ITC has several products relevant for the bakery industry. The company reported 10.69 per cent year-on-year growth in consolidated net profit at Rs 13,162.30 crore for the financial year 2018-19, driven by many segments including bakery and snacks.

Consolidated revenue from operations increased marginally by 4.55 per cent to Rs 49,862.11 crore in FY19 as compared to Rs 47,688.5 crore in FY18. On the quarterly basis, the company posted a 18.72 per cent growth in net profit at Rs 3,482 crore in January-March period as compared to Rs 2,932 crore in the same quarter of the last year.
Revenue increased to Rs 12,206 crore in Q4FY19 as compared to Rs 10,586.80 crore in Q4FY18, helped by trading opportunities in wheat, coffee and other businesses, and improvement in RevPar in its hotels.

The operating profit (EBITDA) of the company increased to Rs 4,572 crore against Rs 4,144 crore in the year-ago period.