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ITC TOBACCO
BAT to cut 9,000 jobs globally as the world lights fewer cigarettesBritish American Tobacco is slashing approximately 9,000 jobs globally as part of a major restructuring. This significant workforce reducti...- ITC's business with BAT grows 10% to Rs 1,587 crore in FY26, but dividend payout falls 9%ITC's business with major shareholder British American Tobacco (BAT) saw a 10% expansion in sales to Rs 1,587 crore in FY26, though dividen...
- Two British American Tobacco-linked entities receive Rs 3,896 crore ITC dividend in FY26British American Tobacco's Indian entities received ₹3,895.74 crore in dividends from ITC in FY26, a slight decrease from the previous year...
- ITC bulking up with products rich in protein and fibre: Sanjiv Puri“India is also a protein-deficient market. We already have offerings such as high-protein atta, soya chunks and protein shakes, and we will...
- ITC Q4 results: After margin surprise, all eyes now on cigarette tax impact, says Gaurang ShahITC Limited reported a steady March quarter. Strong operating margins were a key positive. EBITDA margins exceeded expectations. The compan...
- ITC Q4 preview: Will cigarette slowdown, tax hit weigh on earnings despite FMCG strength?ITC is expected to deliver a muted Q4 as cigarette volumes stay flat and higher taxes weigh on margins, despite strong double-digit growth ...
- ITC, Godfrey Phillips shares rally up to 7% on reports of 17% hike in cigarettes priceITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much...
- DGGI officers arrest Kapil Chugh over Rs 1,825 cr GST refund fraudDGGI officers have arrested Kapil Chugh, the alleged mastermind behind an Rs 1,825 crore GST refund fraud. Chugh, who evaded multiple summo...
- Explained: Why ITC shares jumped after GST overhaul hit cigarettesITC Limited shares experienced a surge following the government's GST revision. The GST Council is streamlining tax slabs, potentially bene...
- BAT bets big on India again, as ITC seeks to expand tobacco trade dealITC's raw tobacco sales to British American Tobacco (BAT) surged by 35% to ₹1,445 crore in FY25, accompanied by a near doubling of advances...
- ITC to double raw tobacco exports to BAT by 2025-26ITC Ltd plans to significantly increase exports of raw tobacco to British American Tobacco (BAT), targeting a value of up to Rs 2,350 crore...
- How ITC succeeded in pivoting from its traditional tobacco business to FMCG under Sanjiv PuriA look at ITC’s top line shows the revenue share of its tobacco business has nearly halved—from 62% in FY14 to 37% in FY23. This change can...
- ITC shares fall as GST Council rejects tobacco industry's proposal to reconsider compensation cessThe tobacco industry had sought "uniform additional compensation cess on cigarettes, compensation cess on bidis, additional compensation ce...
- ITC expects to sell more than Rs 2k-cr worth raw tobacco to BAT in FY24ITC said its proposed transaction with BAT for the next fiscal year would account for around 3.64% of the annual consolidated sales for the...
- Devraj Lahiri to head ITC's cigarette businessErstwhile chief executive Sandeep Kaul has become a corporate management committee member for ITC overseeing businesses like tobacco, match...
- LIC has faced objections to tobacco investmentsAn independent board member had raised the issue of LIC investing in a tobacco company in 1997.
- Outgoing chief executive YC Deveshwar bets on tobacco biz for ITC shareholders' goodDeveshwar, who will relinquish his executive roles in February and would become a non-executive chairman, said, "We are not competing withi...
- ITC forays into E-cigarettes segment, will be rolled out pan-India in phasesITC group has forayed into electronic cigarettes to offset shrinking sales of its conventional tobacco cigarettes due to recurrent price in...
- Output crunch triggers price rally in tobacco, prices may further rise as BAT & Philip Morris buying from IndiaTobacco cultivation has taken a hit this year in the prime belt of Karnataka due to patchy monsoon, pushing up auction prices, which may im...
- ITC stock plunges: Main business vulnerable to threats of regulationTobacco continues to be the company's bread and butter and an area that is being threatened by regulation and heavy taxation across the wor...
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