ITC Ltd (BOM:500875)

QUOTE AND NEWS
Reuters  Aug 11  Comment 
Indian shares closed slightly higher on Thursday after posting their worst fall in nearly seven weeks in the previous session, as continued heavy buying by foreign investors helped lift blue chips such as ITC Ltd even though overall sentiment...
The Economic Times  Aug 8  Comment 
Buy ITC Ltd. at a price target of Rs 265.0 and a stop loss at Rs 244.0 from entry point
The Economic Times  Aug 3  Comment 
Buy ITC Ltd. at a price target of Rs 291
The Economic Times  Aug 2  Comment 
Buy ITC Ltd. at a price target of Rs 266 and a stop loss at Rs 249
The Hindu Business Line  Jul 25  Comment 
Kolkata-based diversified conglomerate ITC Ltd on Monday named Sanjiv Puri Chief Operating Officer. Puri, 53, is now Director-in-Charge of FMCG, paperboards, paper and packaging busine...
The Economic Times  Jul 22  Comment 
Buy ITC Ltd. at a price target of Rs 273.0 and a stop loss at Rs $stopLossL from entry point
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...




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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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