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ITC TOBACCO BUSINESS
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...
- 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...
- 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...
- FMCG sector set for steady Q4 on rural demand and volume growthThe FMCG sector anticipates a steady March quarter, buoyed by stable rural demand and urban recovery, despite subdued pricing in some segme...
- 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 spots another $500 million opportunity in tobacco businessHigh-end nicotine is seeing growing demand due to the rise of vapes and pouches globally. Indian tobacco is well placed since it has a high...
- 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 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...
- No smoke rings and ITC gains 6%“Barring consumer business, ITC’s cigarettes and hotel businesses are yet to recover, and it may take two-three quarters before things gets...
- ITC merges tobacco leaf, agri-business unitsKolkata-based ITC named Sanjiv Rangrass the chief executive of the merged, Rs 8,265-crore, agri-business which was earlier headed by S Siva...
- 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 gains 3% intraday, may separate its core tobacco business amid growing regulatory pressureITC has set an ambitious target of making the FMCG segment a Rs 1-lakh-crore business in the next 15 years.
- 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...
- ITC wants to create world-class brands: Y C DeveshwarITC wants to create world-class brands for which it would strengthen its FMCG business, chairman of ITC Ltd. Y C Deveshwar, today said.
- 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 hotel business: Company better at protecting margins than its peersThough ITC’s hotel segment has taken a hit, co expects to add 5,000 rooms over the next five years to its current capacity of 8,000 rooms.
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