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A legacy of growth: ITC had annualised returns of 20% under Y C Deveshwar

Revenues have grown at a compound annual growth rate or CAGR of over 14 per cent, while net profit was up 19 per cent every year between FY96 and FY17

Viveat Susan Pinto  |  Mumbai 

A legacy of growth: ITC stock multiplied nearly 50x under Y S Deveshwar

One chair will be empty on Monday when cigarettes-to-hotels major declares its fourth quarter and full-year results for the financial year 2018-19. That would be of Yogesh Chander Deveshwar or YCD.

For some, he was simply ‘Yogi’.

In his two decades of being at the helm, reported remarkable financial growth. For shareholders, the company has given annualised returns of nearly 20 per cent in Deveshwar’s tenure as executive chairman of between 1996 and 2017.

Revenues have grown at a compound annual growth rate or CAGR of over 14 per cent, while net profit was up 19 per cent every year between FY96 and FY17.

A legacy of growth: ITC stock multiplied nearly 50x under Y S Deveshwar

A legacy of growth: ITC stock multiplied nearly 50x under Y S Deveshwar

First Published: Sun, May 12 2019. 00:05 IST
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