Itc

ITC jumps 5% as Citi upgrades rating, target. What prompted bullish view?

Citi upgraded ITC stock to 'BUY' from 'SELL' despite near-term headwinds as it finds the risk-reward favourable.

After every difficulty, we emerged much stronger: ITC's Sanjiv Puri

In an interview at the company's headquarters in Kolkata, Chairman and Managing Director Sanjiv Puri speaks to Ishita Ayan Dutt about how liberalisation transformed the competitive landscape

ITC expands dairy business in East India, bets on value-added products

ITC is strengthening its presence in the fresh dairy segment in Eastern India through its flagship Aashirvaad brand, betting on rising demand for branded milk and value-added dairy products across Bihar, West Bengal and Jharkhand. The diversified conglomerate, which entered the fresh dairy business in 2018 with the launch of Aashirvaad milk in Bihar and later expanded to West Bengal and Jharkhand, has emerged as the second-largest dairy player in Bihar with a lineup ranging from fresh milk to curd, paneer, lassi and Mishti Doi. As part of its expansion strategy, ITC has tailored its dairy portfolio to regional tastes, local consumption patterns and evolving consumer preference for quality-assured dairy products. When asked about expansion to other regions, Hemant Malik, Chief Executive Officer, Foods Division, and Executive Director, ITC, said Eastern India will remain a key focus market for the company's dairy expansion plans, which offers significant headroom for expansion. "East

$1 bn size puts ITC Infotech on accelerated growth path: Sanjiv Puri

ITC Chairman & MD Sanjiv Puri and ITC Infotech MD and CEO Manas Chakraborty talks about the rationale and synergies behind the acquisition of Happiest Minds

ITC rallies 5%; Happiest Minds Technologies slips 5%; here's why

ITC Infotech will acquire an aggregate minority stake of 22.1% in Happiest Minds from the Promoter and Promoter entities for a total consideration of ₹1,330 crore (average price of ₹395/share).

ITC Infotech, Happiest Minds Technologies to merge in ₹1,330 crore deal

ITC will hold about 73.4 per cent in the merged company, which will have over 19,000 employees, serve 800 customers and target $1 billion in annual revenue by FY28

GST Council to meet on September 12, may ease blocked ITC, refund norms

The GST Council will meet on September 12 and is likely to consider easing blocked input tax credit rules, refund norms and transfer of unutilised ITC

Delhi HC asks FSSAI not to cancel ITC licence over '100%' atta claims

Court passes interim order after ITC challenges improvement notice over "100% Atta", "100% Madhya Pradesh Wheat" and "0% Maida" claims on Aashirvaad packaging

Delhi HC asks FSSAI not to cancel ITC's licence over '100%' claims

The Delhi High Court on Tuesday asked the FSSAI not to cancel for the time being ITC Ltd's licence over failure to comply with directives asking the conglomerate to remove all "100 per cent" claims in relation to its product, 'Aashirvaad M.P Chakki Atta'. Justice Swarana Kanta Sharma granted interim protection to ITC on its petition challenging the FSSAI advisories and notices to discontinue the usage of the term "100%" for its product or face suspension of FSSAI License. "Since the issue regarding jurisdiction is to be decided and the courts will be closed, till the next date of hearing, no decision regarding cancellation of the license will be taken," Justice Sharma said as it listed the case for hearing on September 9. Justice Sharma also said that she would pass an order on Monday, August 31, on the maintainability of a separate petition by AWL Agri Business Limited against FSSAI. AWL Agri Business Limited received FSSAI notices over allegedly misleading label declarations and

Industry seeks input tax credit relief for data centres, GCCs, other biz

Industry seeks wider GST input tax credit on construction and employee-related expenses, arguing that the current restrictions raise business costs and hurt competitiveness

ITC completes Century Pulp acquisition, expands paper business scale

The ₹3,500-crore acquisition makes ITC India's largest integrated paperboards and paper company, raising capacity by over 50% to around 1.5 million tonnes

Increased tax on cigarettes pulls down ITC's Q1FY27 profit by 16.2%

Steep tax changes hit the cigarettes business, while the FMCG segment posted double-digit growth despite inflationary pressures arising from the West Asia conflict

ITC's Q1 profit drops 27% as premium cigarette demand softens amid tax hike

India's ITC reported ​a 27% fall ​in quarterly profit ‌on Friday, as fresh cigarette tax hikes this year squeezed margins, while staggered price hikes weighed ‌on demand for pricier brands

Q1 results: Maruti Suzuki, ITC, Indian Oil, ABB India, 107 more on July 31

Q1FY27 company results: Firms including Bajaj Finserv, Aditya Birla Capital, GAIL (India), Shree Cement, Dixon Technologies, and Sun Pharmaceutical are also to release their April-June earnings today

ITC re-architecting cigarette portfolio after tax hike: CMD Sanjiv Puri

The ITC chief said the company is pursuing calibrated pricing and portfolio innovation to curb illicit trade while continuing investments to diversify beyond cigarettes

FMCG demand has improved across rural and urban markets: ITC CMD

The ITC chief attributed the recovery in FMCG demand to GST rationalisation, income tax relief and other government measures, while cautioning over West Asia and El Niño risks

ITC eyes ₹8 trillion FMCG market by 2035, bets on AI, premiumisation

ITC expects its FMCG market to expand to around Rs 8 lakh crore by 2035 as the conglomerate looks to strengthen its position through a combination of brand-building, digital commerce expansion, and strategic acquisitions, Chairman & Managing Director Sanjiv Puri said on Thursday. Addressing shareholders at the company's Annual General Meeting (AGM), Puri said the Indian FMCG market was "poised for significant expansion" as the consumer landscape evolves rapidly. "The rise of aspirational Bharat, premiumisation, Gen Z and Gen Alpha consumers, expanding digital access and the growth of quick commerce are reshaping categories, channels and expectations," he said. To capitalise on these trends, ITC is leveraging an AI-led consumer insight ecosystem that enables micro-segmentation and supports the development of differentiated offerings tailored to evolving consumer needs, lifestyles and occasions, Puri said. He also underscored the growing role of online and omnichannel commerce in ...

ITC's FMCG business clocks consumer spend of over ₹37,000 cr in FY26

ITC's non-cigarette FMCG portfolio crossed Rs 37,000 crore in annual consumer spend in FY26, driven by strong brand growth, acquisitions and rising household reach

Best of BS Opinion: Should 'risk capital' be taxed like labour is?

From risk capital taxation and Uttar Pradesh's caste churn to political defections and fractured consumer markets, today's BS Opinion page maps power, money and strategy

FMCG firms recalibrate approach as consumer market rewards speed over scale

5 years ago, Aashirvaad &Surf Excel could run one national television commercial and win. Today, the Zepto shopper in Bengaluru and the kirana buyer in Gidderbaha, Punjab, live in different economies