ITC Ltd (BOM:500875)

The Hindu Business Line  Jun 22  Comment 
Diversified conglomerate ITC Ltd today said Russell Credit, its wholly-owned subsidiary, has acquired the “entire subscribed and paid up equity share capital” of ₹20 crore of BFIL Finance.
The Hindu Business Line  Jun 22  Comment 
Diversified conglomerate ITC Ltd today said Russell Credit, its wholly owned subsidiary, has acquired the “entire subscribed and paid-up equity share capital” of Rs 20 crore of BFIL Finance. ...
The Economic Times  Jun 12  Comment 
ITC Ltd will invest Rs 8,000 crore in greenfield and brownfield projects in Telangana, chairman YC Deveshwar said on Friday.
The Hindu Business Line  Jun 4  Comment 
ITC Ltd plans to scale-up its Integrated Watershed Development Programme. The programme, which has already brought soil and moisture conservation to half-a-million acres in the country, is to be d...
The Hindu Business Line  May 25  Comment 
Shares of ITC Ltd plunged 2.53 percent in the afternoon session on Monday after the country’s largest cigarette maker reported lower-than-expected earnings as higher taxes on smokes and a governme...
The Economic Times  May 22  Comment 
For the quarter ended March 31, ITC earned Rs 2,361 crore ($371.6 million), while analysts were expecting the company to earn Rs 2,519 crore.
The Economic Times  May 20  Comment 
'ITC Ltd is a 'BUY' call with a target of Rs 340 and a stop loss of Rs 327'
The Economic Times  Apr 24  Comment 
'ITC Ltd is a 'BUY' call with a target of Rs 364 and a stop loss of Rs 340'
The Hindu Business Line  Apr 22  Comment 
ITC Ltd, the largest domestic cigarette maker, is in talks with Century Textile and Industries Ltd to buy its paper division in a bid to diversify revenue to non-tobacco businesses, said two sourc...
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%.


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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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