ITC Ltd (BOM:500875)

QUOTE AND NEWS
The Hindu Business Line  Jul 18  Comment 
ITC Ltd has launched the ITC-WOW Clubs in Schools programme, an extension of the company's ‘Wellbeing Out of Waste (WOW)' initiative here today. Supported by the Ministry of Urban Development and ...
Reuters  Jul 18  Comment 
Shares in India's tobacco firms slumped on Tuesday, with market leader ITC Ltd recording its biggest daily percentage drop in more than two years, after the country hiked taxes on cigarettes in a surprise move.
The Economic Times  Jul 17  Comment 
Buy ITC Ltd. at a price target of Rs 369 and a stop loss at Rs 329 from entry point.
The Economic Times  Jul 14  Comment 
Buy ITC Ltd. at a price target of Rs 370 and a stop loss at Rs 315 from entry point.
The Hindu Business Line  Jul 1  Comment 
FMCG major ITC Ltd's Savlon has bagged the 7 Lions at the Cannes Lion 2017 for its 'Healthy Hands Chalk Sticks' ad campaign. This is considered to be the highest global accolade that recognises cr...
The Hindu Business Line  Jun 29  Comment 
ITC Ltd is seeking shareholders’ nod for additional remuneration to its Non-Executive Chairman Y C Deveshwar that includes a monthly salary of Rs one crore.At last year’s AGM, the shareholders of the ...
The Hindu Business Line  May 30  Comment 
The Sensex and Nifty ended marginally higher, taking a breather after setting record closes in the previous sessions as investors booked profits in recent outperformers such as ITC Ltd, while the arr...
The Economic Times  May 29  Comment 
Buy ITC Ltd. for a price target of Rs 350
The Hindu Business Line  May 26  Comment 
FMCG major, ITC Ltd, reported an over 12 per cent increased in standalone net profit to Rs 2669 crore for the fourth quarter of last fiscal (Jan-Mar). The company had reported net profit of Rs 2,381 ...
Reuters  May 26  Comment 
REUTERS - Diversified consumer company ITC Ltd posted a 12 percent growth in March-quarter profit as its biggest segment, cigarettes, witnessed growth in sales.




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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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