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AGARBATTI BUSINESS
ITC shares fall 2% after Q4 results. What Goldman Sachs, Morgan Stanley and others are saying?ITC shares slipped on Friday despite a 5% rise in Q4 standalone profit and strong FMCG growth. Brokerages remained cautious, with Goldman S...- ITC Q4 Results: Profit rises 5% YoY to Rs 5,113 crore; Rs 8/share dividend declaredITC reported a 5% year-on-year growth in its standalone net profit to Rs 5,113 crore for the March-ended quarter. Revenue from operations r...
- Rs 13 lakh cash payment for credit card bill triggers tax notice; man wins case after ITAT accepts ‘family gift’ explanationA Mumbai man faced a tax notice for using Rs 13 lakh cash to pay his credit card bill. He explained the cash as gifts from his wife, father...
- In a volatile market, odds do favour contrarians, but only if they have an edge: 4 stocks from different sectors with dividend yield of up to 5.8%When a fundamentally strong business is available at 4% dividend yield, the probability that you will have both dividend and the capital ga...
- ITC profit rises, but export curbs hit revenueITC has posted a 17.6% year-on-year jump in its net profit for the quarter ended June at ₹4,902.7 crore even as its board approved allotmen...
- Bengaluru-based incense manufacturer Ullas Agarbatti promises to evolve with changing timesEstablished in 1978, the brand has become synonymous with quality in the fragrance industry.
- MSME can be foundation for bigger industries: Jitendra SinghWith low investment requirements, operational flexibility, and the capacity to develop appropriate indigenous technology, small and medium ...
- Agarbatti makers wield strong growth despite places of worship shuttered due to Covid“Consumers experienced divinity of temples in their homes,” said Ravi Rayavaram, chief executive - agarbatti and matches business at ITC Lt...
- Branded agarbatti companies rework models amid slumpAgarbatti companies recently introduced fragrances such as apple and pineapple, neem-based mosquito repellants and no-smoke ones for asthma...
- Constructing product pipeline between India and Myanmar to transport petroleum: Assam industry ministerPatwary said the capacity of two refineries Numaligarh Refinery and Bongaigaon Refinery is augmented following which Indian export petroleu...
- Buy Godrej Consumer Products, target Rs 874: Edelweiss SecuritiesBuy Godrej Consumer Products at a price target of Rs 874.
- ITC Ltd joins hands with BRTC for agarbatti productionAs part of the agreement, BRTC will exclusively manufacture and package incense sticks as per ITC’s specifications, while ITC will facilita...
- ITC appoints new CEO for agarbatti & safety matches businessAs per Rayavaram's Linkedin profile, he was earlier the head of freshness and hygiene verticals in the conglomerate's personal care busines...
- ITC’s non-cigarette FMCG sales cross $2-billion mark in FY17ITC's 25 FMCG brands spanning packaged food, personal care, education and stationary products, apparel, agarbatti and safety matches regist...
- Licence raj replaced by time-consuming approval raj: Biocon CMD Kiran Mazumdar-Shaw"Such self-regulation needs to be captured on an online regulatory register which will provide transparency and traceability," Shaw noted.
- Almost 80-90 per cent of the sticks used to make agarbattis are imported from Vietnam: ITC's Sanjiv PuriITC manufactures incense sticks under the brand name Mangaldeep. All the agarbattis are made by women self-help groups.
- Budget 2015: Smoking, eating out, air travel to be costlierJaitley came down heavily on smokers and tobacco consumers with a steep increase in excise rate in tax proposals in Budget 2015-16.
- ITC set to make foray in home workship marketIt has brought out packaged sambrani or dhuno, dhoops and combo packs of agarbatti stands, diyas and candles, along with its line of Mangal...
- ITC to stick out with its incense bizThe $5-billion-plus diversified company, ITC, plans to blaze a new trail in picturesque North-east with its homegrown brand of incense stic...
- ITC signs MoU with ORMAS for marketing raw agarbattisFast moving consumer goods major ITC Wednesday signed a MoU with Orissa government run Orissa Rural Development and Marketing Society (ORMA...
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