ITC Ltd (BOM:500875)

QUOTE AND NEWS
The Economic Times  Mar 12  Comment 
ITC Ltd surged as much as 2.2 per cent on reports that the diversified conglomerate has hiked prices of cigarettes by up to 20%.
The Hindu Business Line  Feb 20  Comment 
Diversified conglomerate ITC Ltd, which recently forayed into the fruit juices with “B Natural”, is planning to introduce its offerings in the eastern and western markets soon. So fa...
The Economic Times  Feb 9  Comment 
ITC Ltd is a 'BUY' call with a target of Rs 385 and a stop loss of Rs 367.
The Economic Times  Feb 6  Comment 
'ITC Ltd is a 'BUY' call with a target of Rs 380 and a stop loss of Rs 367.'
The Hindu Business Line  Jan 29  Comment 
Shares in ITC Ltd have fallen 0.6 per cent following a downgrade by Nomura Securities. The stock has been downgraded to "neutral" from "buy" and its price target has...
The Times of India  Jan 22  Comment 
ITC Ltd's third-quarter profit missed market expectations as higher taxes limited growth at its flagship cigarette business, sending company's shares sharply lower on Wednesday.
Reuters  Jan 21  Comment 
REUTERS - India's largest cigarette maker ITC Ltd's quarterly profit fell slightly short of analyst estimates as higher taxes on smokes and a government push to discourage tobacco consumption hurt sales, sending shares down 5 percent Wednesday.
Wall Street Journal  Jan 21  Comment 
ITC Ltd., India’s largest-cigarette maker, reported a 10.5% increase in its fiscal-third quarter net profit, but revenue fell short of market expectations as higher taxes on tobacco products and government steps to discourage smoking hurt sales.
The Economic Times  Jan 20  Comment 
ITC Ltd is a 'BUY' call with a target of Rs 368 and a stop loss of Rs 358
The Hindu Business Line  Jan 7  Comment 
Diversified conglomerate ITC Ltd is investing around ₹ 25,000 crore across various projects in the country over the next five years, said Y C Deveshwar, Chairman, here on Wednesday. The...




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Business Profile

ITC (Bombay Stock Exchange:500875) is the largest private sector cigarette company with a diversified portfolio comprising hotels, paperboards & specialty papers, packaging, agri-business, packaged foods and confectionery, branded apparel, greeting cards and other FMCG products. ITC is the market leader in its businesses of cigarettes, hotels, paperboards, packaging and agri-exports.

ITC`s diversified status originates from its corporate strategy aimed at creating multiple drivers of growth anchored on its time-tested core competencies i.e., its distribution reach, brand-building capabilities, effective supply chain management and service skills in hoteliering. ITC`s agri-business is one of the country`s biggest FOREX earners with exports of over USD 2 billion. The company`s e-Choupal initiative has also proved to be successful exercise evolved around empowering the farmer. This transformational strategy, which has already become the subject matter of a case study at Harvard Business School, is expected to progressively create for ITC a huge rural distribution infrastructure.

It has entered into retailing of apparels leveraging its trademark brands such as Wills, Wills Classic and John Player. ITC`s hotels business comprises 40 owned and managed properties spread across India. It also has marketing and reservation arrangement with the Sheraton Corporation, the reputed international hotel chain.

ITC is planning to invest around USD 1 billion in strengthening its e-Choupal infrastructure in the next 7-10 years. The company also plans foray into the denim wear for expansion of its apparel business. Further, it has plans of Rs 25,000 million investment in contract farming in Punjab. This will mark the company`s entry in agri-retail in the near future.

ITC owns a 14.95 stake in East India Hotels (EIH) which has given them a profit of over Rs 5000 million over the last ten years.

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