I think I got this right.
It is ITC. 
Britannia is the company
Hatsun agro products ltd.
Tata consumers products
Tata Consumer Products Ltd.
“Marico Limited.”
Marico Limited went public in 1996.
It operates in consumer products and has seven brands, like Parachute coconut oil and Saffola cooking oil, which are consumed daily.
Their brand Saffola has been gaining popularity in tier 1 cities recently, but they were pioneers in taking it to tier 2 and rural areas.
In the 2000s, Marico acquired a company named “Revive,” which is associated with the popular saree “Revival” from South India.
@snehal_acharekar @Godara @Shylaja @vipin_anand @setia.anuj @Vinoth_cares @Waseem_Raja @MaayaPrabu @rplryp @newagetrader @thetribaltrader @thatsjani @aditi_gupta @Nitin082021 no, none of the companies 
marico 1996 as 7 brands in it
Mostly Hatsun Agro Product as @onkar & @Malick_Nak has told.
The company went public 26 years after it’s incorporation and has been listed since the 90s
Company started in 1970s, incorporated in 1986 (according to company database), went public in 1996.
It has 7 brands under it primarily operating in consumer products.
Company has 8 brands (according to company website) Arun, Arokya, Hatsun, HAP daily, ibaco, Santosa, Hanobar Chocolates and Havia Chocolates.
Their products include something you consume daily and a product that also is closely related to Italy.
Milk and there product ibaco uses italian tech for chocolate making.
One of their brand is getting popular in tier 1 cities now but they were the pioneers in taking it in tier 2 and rural areas.
Arokya milk/Arun Ice cream both could be correct? Was popular in Chennai now being taken to tier-2 cities and rural areas.
Their first factory was in a city that has a monopoly in tapioca production.
Salem, Tamil Nadu
In 2000s they acquired a company whose name has a popular saree from south.
Kanchipuram Dairy (Kanchipuram silks is quite popular saree)
Promoters hold 73% of this company and FIIs hold 3%.
Exactly matches the criteria. Promoter holds 73% and FIIs hold 2.9% stake 
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@ValueInvestor0 super! You got it right! 
The Italy connection is with Oyalo ( 100% vegetarian ready to eat pizza).
@Malick_Nak @onkar you guessed it right as well!
Watch out for a DM with your surprise!
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Yes, Hatsun Agro Product Ltd. seems to fit the description you’ve provided. Here’s how it aligns with the clues:
- Incorporation and Listing: Hatsun Agro was founded in 1970 and went public in the 1990s, which matches the timeline you mentioned.
- Consumer Products with Multiple Brands: The company operates with several brands under its umbrella, including Arun Icecreams,Arokya Milk,Hatsun Curd, Paneer, Ghee, Dairy Whitener, Ibaco.
- Daily Consumption & Italy Connection: Hatsun Agro’s product range includes dairy products like milk, curd, and ice creams, which are consumed daily. They also have products like ghee and paneer, which, while not directly related to Italy, are essential in many cuisines, including Italian.
- Popularity Across Cities: Arun Icecreams and other brands of Hatsun Agro have been popular in tier 2 and rural areas and are now gaining popularity in tier 1 cities.
- First Factory & Tapioca Production: Hatsun Agro has its headquarters in Tamil Nadu, Chennai, which is a state known for tapioca production.
Given these details, Hatsun Agro Product Ltd. is likely the company you’re referring to.
I guess…Jyothi Laboratories !!
@Niranjan here is the correct answer - Guess the company #2 - The multi decade journey of compounding - #34 by ValueInvestor0
Jay Bharat
This company is HATSUN AGRO LTD.
PROMOTER’S STAKE IS 73.11%
FII STAKE IS 2.90%
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ITC’s they established their first factory in Munger, Bihar, known for tapioca cultivation
Britannia Industries Limited