Itc

Kolkata rape-murder case, ITC share price, Sanjay Raut granted bail & more

Ajit Mishra of Religare Broking recommends buying these stocks on Sept 12

We are seeing noticeable traction in the FMCG counters and ITC is trading in sync with the move. It has formed a buying pivot, after registering a breakout from bullish continuation pattern.

ITC share price gains 2%, hits new high on hopes of bullish growth outlook

ITC share price: Analysts anticipates a promising outlook for H2FY25E, with accelerated pricing growth and gradual recovery in rural FMCG, bolstering the Company's performance

ITC eyes opportunity to create category with new biscuit launch

The launch under the mother brand, Sunfeast, will be available across South and East

ITC share price target raised: Up to 17% upside expected on steady cig biz

ITC share price today: Analysts expect legal cigarette players to gain market share from illegal player. ITC could be a key beneficiary

ITC Q1 Preview: Weakness in agri, paperboard sectors may dent Ebitda margin

On the bourses, ITC stock has rallied 14.1 per cent over the past month. The stock hit an all-time high of Rs 510.60 on July 24, 2024. This was the first instance of ITC stock crossing Rs 500-mark.

ITC hits Rs 500: Jefferies says 'Buy' on no tobacco tax rejig in Budget

ITC share price target: ITC stock hits Rs 500-mark for the first time. Jefferies upgrades stock to 'Buy', Macquarie initiates with 'Outperform'

Budget 2024: Sensex rebounds 1,200 points from day's lows to end flat

ITC gained 3.8 per cent as there were no changes in the taxes related to tobacco products

ITC stock extends rally into 5th day, hits 5-month high; up 7% in 1 week

ITC hit an over five-month high of Rs 454.05, up 2 per cent on the BSE in Tuesday's intraday deal. ITC stock was trading at its highest level since January 29, 2024

ITC beats Britannia, becomes India's second-largest packaged foods company

ITC's latest annual report shows that its foods business clocked sales of Rs 17,194.5 crore in the fiscal year ending March 31, 2024

ITC adds 68 crorepati employees in FY24; 24.11% increase from last year

The addition in the eight-figure bracket reflects the scale of ITC's operations and spread in newer categories

Indian economy likely to sustain high growth trajectory in FY25: ITC

The Indian economy is likely to sustain its high growth trajectory in FY2024-25, driven by strong momentum in fixed investments and a pickup in private consumption, said conglomerate ITC in its latest annual report. Besides, there are "green shoots of recovery in rural markets", improving employment conditions and sustained momentum in manufacturing and services sectors, which augur well for consumption demand in the near term, it added. The growth would also be supported by a good Rabi harvest and normal monsoons, according to the ITC annual report for FY 2023-24. "India continues to be acknowledged as one of the fastest growing major economies in the world with significant headroom for growth over the medium and long-term benefiting from a slew of purposeful interventions over several years," it added. Factors like favourable demographic profile, increasing affluence, rapid urbanisation and accelerated digital adoption represent some of the key structural drivers of growth of the

Consumer spending on ITC's goods increase 12% to Rs 32,500 cr in FY24

Diversified conglomerate ITC has said consumer spending on the company's FMCG products has increased 12 per cent to nearly Rs 32,500 crore in FY24 with over 25 crore households having access to its various brands. ITC measures annual consumer spending as the sum total of what consumer spends on buying goods of the company. It is the net sales turnover of the brands along with channel margins and taxes. The FMCG portfolio of over 25 world-class Indian brands, largely built through an organic growth strategy leveraging institutional synergies in a relatively short period of time, "represents an annual consumer spend of nearly Rs 32,500 crore and reach over 250 million households in India", the company said in its annual report for 2023-24. This is 12 per cent higher than the numbers achieved in financial year 2022-23, when it had reported an annual consumer spend of nearly Rs 29,000 crore. The company's reach has also expanded to 25 crore households from 23 crore a year ago. The FMC

GST suppliers giving discounts must ensure undertaking from client: CBIC

Suppliers giving post-sale discounts through credit notes under GST will have to ensure that the client gives an undertaking or a CA certificate stating that the ITC availed on the discount value has been reversed, the CBIC has said. Currently, there is no mechanism to track whether the Input Tax Credit (ITC) on such discounts has been reversed or not. Till the time a functionality is made available on the common portal to enable the suppliers as well as the tax officers to verify the reversal, the supplier may procure a certificate from the recipient of the supply, issued by the Chartered Accountant (CA) or the Cost Accountant (CMA), certifying that the recipient has made the required proportionate reversal of ITC at his end in respect of such credit note issued by the supplier. In cases, where the amount of tax (CGST+SGST +IGST and including compensation cess, if any) involved in the discount given by the supplier to a recipient through tax credit notes in a financial year does no

ITC shareholders clear hotel business demerger with 99.6% majority

The majority of the shareholders who participated at the NCLT-convened meeting on Thursday spoke in favour of the resolution

ITC shareholders approve demerger of hotel biz with 99.6% majority votes

ITC Hotels will compete as an independent entity with rivals such as Tata-owned Indian Hotels Company, which operates Taj Hotels, and EIH Associated Hotels, which manages the Oberoi brand of hotels

ITC Q4FY24 results: Net profit drops 4% to Rs 5,121 crore, revenue flat

ITC Q4FY24 results: The company board recommended a final dividend of Rs 7.50 per ordinary share of Rs 1 each for the financial year that ended on March 31, 2024

Q4 results today: IndiGo, ITC, and Fortis among 181 firms to post earnings

Company Q4 FY24 results today: ICRA, Rupa & Company, Page Industries, and Shilpa Medicare will also release their fourth quarter earnings report on May 23

ITC Q4 results today: Analysts see flattish quarter amid dip in margins

ITC Q4 results: ITC may report a flattish quarter with steady cigarette volume, weak paper volumes, offset by healthy hospitality sales revenue

ITC's Fortune Hotels targets opening a new hotel every month this fiscal

Fortune Hotels, a member of ITC's hotel group, is planning to open a new hotel every month in the current financial year, the company's Managing Director Samir MC said on Wednesday. In an interview to PTI, Samir shared the expansion plans of Fortune Hotels, which has just opened its first international hotel -- Fortune Resort & Wellness Spa Bhaktapur -- in Nepal. He described it as a significant milestone in the company's "beyond borders" expansion strategy, envisioning its presence in South Asia and proximal markets. "Following on the heels of this prestigious opening, we are poised to open at least four to six more hotels in the first half of the fiscal year in unique destinations like Kevadia (Ekta Nagar, Gujarat), Candolim (Goa), Palampur (Himachal Pradesh), and a beach resort in Chennai amongst others and an equal number in H2 (second half: October-March)," Samir said. "This pace aligns with our goal of establishing a new hotel almost every month in this fiscal year, marking .