ITC Ltd (BOM:500875)

QUOTE AND NEWS
Reuters  Jun 21  Comment 
ITC Ltd , India's largest cigarette maker, said Yogesh Deveshwar would step down as chief executive next year and serve as non-executive chairman for three years thereafter.
The Hindu Business Line  May 9  Comment 
FMCG major ITC Ltd has resumed production at its cigarette factories. Production was suspended since May 4 over the large pictorial warning issue. The Kolkata-based diversified conglomerate has fi...
Reuters  May 5  Comment 
India's biggest cigarette maker ITC Ltd shut its plants from May 4 to comply with a new stipulated pictorial warnings rule issued by the federal government, the company said in a statement.
The Times of India  May 4  Comment 
The Supreme Court told tobacco companies on Wednesday they must adhere to a new central rule requiring much larger health warnings on cigarette packs, in a major setback for the $11 billion industry. Shares in ITC Ltd pared gains after the ruling...
The Times of India  Apr 16  Comment 
The country's biggest cigarette maker ITC Ltd said it would resume production at its factories "consequent upon" a favorable court order, two weeks after it decided to shutter its plants over the government's stringent new packaging rules. The...
The Hindu Business Line  Apr 15  Comment 
FMCG major ITC Ltd will resume cigarette production at its factories. According to a filing in the BSE, the company said: “…consequent upon a High Court order passed in favour of the company (ITC), t...
Reuters  Apr 2  Comment 
India's top cigarette maker ITC Ltd, part-owned by British American Tobacco, said it was not ready to print bigger health warnings on its packs as mandated by the government and will keep its factories shut until clarity emerges on the new rules.
Reuters  Apr 1  Comment 
Indian cigarette makers including ITC Ltd, part-owned by British American Tobacco, suspended production on Friday over what they said was ambiguity in the government's new health warning rules for packs, a leading industry body said.
Reuters  Mar 24  Comment 
ITC Ltd has acquired the India unit of Australia-based agri-biotech company Technico Pty Ltd for 1.21 billion rupees ($18.10 million), the company said, in the latest attempt at consolidating its presence in the agribusiness segment.
The Economic Times  Mar 18  Comment 
Buy ​ITC Ltd with a target of ​Rs 340 and a stop loss of Rs 312.70




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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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