ITC Ltd (BOM:500875)

The Hindu Business Line  Jan 8  Comment 
ITC Ltd on Sunday commenced the construction of its super premium five star hotel ‘ITC Narmada’. Gujarat Chief Minister Vijay Rupani today laid the foundation stone of the luxury hotel, coming up in ...
The Economic Times  Dec 27  Comment 
Buy ITC Ltd. at a price target of Rs 238 and a stop loss at Rs 217 from entry point
The Hindu Business Line  Dec 25  Comment 
Diversified conglomerate ITC Ltd has initiated an over 14-15 per cent price hike in its ‘Navy Cut’ and ‘Gold Flake’ brand of cigarettes, trade sources aware of the matter said.Price revisionBoth ‘Nav...
The Hindu Business Line  Dec 24  Comment 
ITC Ltd, the country’s largest cigarette maker, has initiated an over 14 per cent price hike in its ‘Navy Cut’ brand of cigarettes. A similar hike is expected for the ‘Gold Flake’ (regular) brand too...
The Hindu Business Line  Dec 24  Comment 
The Economic Times  Dec 1  Comment 
Buy ITC Ltd. at a price target of Rs 320 and a stoploss at Rs $stopLossL from entry point
The Economic Times  Nov 17  Comment 
Sell ITC Ltd. at a price target of Rs 217 and a stoploss at Rs 236 from entry point
The Hindu Business Line  Nov 15  Comment 
In the aftermath of the unprecedented allegations involving FERA violations of $100 millions which have shaken the foundations of ITC Ltd, the company’s board at its meeting today decided to suspend...
The Hindu Business Line  Nov 13  Comment 
Banks in the 16-member consortium led by SBI, extending loans to the crisis-ridden ITC Ltd, are unlikely to review their lending to the company. Strongly defending their lending policies towards the ...
The Hindu Business Line  Nov 1  Comment 
Chugh, Sapru denied bail; BAT team coiningWith ITC Ltd still reeling under the onslaught of the Enforcement Directorate, which has already sent six former and present top executives to jail custody fo...
The Economic Times  Oct 31  Comment 
Among the domestic FMCG majors, ITC Ltd reported a revenue of $ 5,944.79 mn, while Britannia Industries Ltd's revenue was at $ 1,222.75 mn, the report said.


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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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