ITC is planning to enter four new categories of FMCG this year with more than 30 launches in FY19 including frozen snacks and dairy based beverages, said Sanjiv Puri, CEO of the company.

"Have learnt speed and brand-management across categories from Patanjali," Puri told CNBC-TV18's Shereen Bhan

Eyeing on a strong cigarette business, he said that the vision was not to "cede control to illegal players or competitors."

"The cigarette business will not be starved due to company's focus on other divisions," he assured.

Though he is sure of meeting Rs 100,000 crore revenue target from FMCG, he expects a delay in it by a couple of years. Earlier, Puri had assured that the company will make revenue of Rs 1 lakh crore by 2030.

When asked about the company's approach in hospital business, he said the management was still evaluating opportunities in healthcare and will have a clarity by the end of FY19.

The firm is also working towards restructuring the apparel business, he said.

Puri said that GST was a transformative reform which augurs well for the economy.

"I believe the tax environment is now more stable post GST disruption," he said.

First Published:Apr 25, 2018 2:11 PM IST