Page 2 - Itc

ITC Q2 results: Net profit rises 2.7% to ₹5,126.11 cr, revenue down 1.3%

The company reported consolidated gross revenue of Rs 21,255.86 crore for Q2FY26, down 1.3 per cent compared to Rs 21,536.38 crore a year ago

Stock Market close: Sensex falls 593 points, Nifty at 25,878; financial services, IT shares drag

Sensex Today | Stock Market close: In the broader markets, the Nifty MidCap 100 rose marginally by 0.1 per cent and the Nifty SmallCap 100 indices fell 0.1 per cent, respectively

Q2 results today: Adani Power, Dabur, ITC, Swiggy among 89 firms on Oct 30

Q2FY26 company results: Firms including Hyundai Motor, NTPC, United Spirits, Canara Bank, NTPC, Bandhan Bank, and Lodha Developers are also to release their July-September earnings reports today

ITC Q2 preview: Analysts see steady cigarette growth; FMCG margins soft

ITC Q2 results preview: Brokerages tracked by Business Standard estimate ITC's net profit to increase 3 per cent year-on-year (Y-o-Y) on average, to ₹5,153.9 crore as compared to ₹5,005.3 crore

ITC Hotels signs agreement with KIHPL to manage luxury hotel in Patna

ITC Hotels on Monday announced the signing of definitive agreements with Kumar Infra Hotel Private Limited (KIHPL) to manage a 140-room luxury hotel in Patna, Bihar. Part of Bihar Tourism development initiatives, the new hotel project was part of a competitive government bid process, which was secured by KIHPL with ITC Hotels as the finalised hotel operator. The project is set within a 1.5-acre site, helping the company expand its luxury hotel portfolio in the state. It will showcase "our iconic culinary and service excellence in Bihar through this ITC Luxury Hotel," according to Anil Chadha, Managing Director at ITC Hotels Ltd. "Our luxury properties epitomise the culture and ethos of each destination, offering indigenous experiences while celebrating the rich heritage of the region through distinctive architecture, arts, crafts & rituals," Chadha said. Manish Kumar, Director - Kumar Infra Hotel Private Limited, said, "It is a matter of pride for us to develop this project with .

Nomura prefers Marico, Tata Consumer, Britannia; sees price hikes in Q4FY26

In the year-to-date (Y-T-D) period, the Nifty FMCG index has lost 3 per cent, as compared to a rise of around 4 per cent in the Nifty 50, Bloomberg data shows

Balaji Wafers' stake sale plan on hold amid weak response from PE investors

ITC and PepsiCo also explored the deal but later withdrew as they were not keen on a minority stake

Stocks to Watch today, Sept 26: Pharma, IT, auto, Polycab, Rites, Eternal

Stocks to Watch today, September 26, 2025: From Pharma, auto to Polycab, here is a list of stocks that will be in focus

ITC upbeat on festive demand with GST relief, but flags inflation risks

Leading FMCG player ITC expects a surge in the festive demand this season after the GST rate cut, and reduced prices will have a multiplier impact on volumes for the packaged food industry, a senior company official said. However, the FMCG major is also cautious about the existing inflation on some products, its Executive Director and Divisional Chief Executive of the Foods Business Division, Hemant Malik, said. ITC, which owns popular brands as Aashirvaad, Sunfeast, Bingo!, and B Natural, has already passed on the benefits of the GST rate cuts applicable from September 22, and expects a boost in consumption and investment as well as a multiplier impact on the economy. "A lot of expenditure by consumers is also driven by sentiment. When the message reaches consumers that prices have come down, it does allow people to open their purses. Once that happens, it is a multiplier impact in terms of volume increase It has a multiplier impact on the economy, both from the aspect of employme

ITC chief calls for business models that are people, planet centric

ITC Ltd chairman and managing director Sanjiv Puri on Friday said that there is a need to create business models that put people and the planet at the centre, as enterprises have a social role to play. Speaking at an event of the Merchants' Chamber of Commerce and Industry (MCCI) here, Puri said that the "challenges are daunting because we are living in a very different world". "There is a need to reimagine how we do business in future with a focus on innovation, sustainability, resilience and skilling. And we need to create business models that put people and the planet at the centre", he said. Puri said circularity is a trend that is picking up. Regenerative business models would come in, and that is an opportunity because things will be created from scratch, he said. "Digitisation and digital transition in the services economy is a reality, and India has a big advantage. Also, resilience in the supply chain is important," Puri said. Investments in innovation and R&D are equall

General Mills joins ITC and PE giants in race for 10% Balaji Wafers stake

Balaji Wafers is exploring a partial stake sale, with global players like General Mills, ITC, PepsiCo, and top private equity firms in talks as the company plans for expansion and IPO

ITC, PepsiCo, PE giants vie for 10% stake in Balaji Wafers at ₹40,000 cr

Balaji Wafers, known for its strong presence in western and central India, reported over ₹5,400 crore revenue in FY24, making it a top target for investors eyeing the snacks market

ED conducts raids across multiple states in ₹650 crore fake ITC case

The Enforcement Directorate on Thursday conducted multi-state searches in a money laundering case linked to alleged fake GST input tax credit claim of Rs 650 crore, official sources said. The raids were being carried out at several locations in Arunachal Pradesh, Haryana, Delhi, Tamil Nadu and Telangana by the Guwahati office of the federal probe agency, sources said. The action is being undertaken under the Prevention of Money Laundering Act, they said.

Insurance executives knock on FinMin door for input tax credit fix

The insurance chiefs in a letter submitted to the finance ministry officials on Friday sought for implementation of the new GST rates on a prospective basis, while allowing for ITC on renewal premiums

GST 2.0: ITC, VST Industries shares fall as Govt eyes extra tobacco tax

Tobacco stocks like ITC, VST and Sinnar Bidi fell up to 5 per cent today after govt signaled an extra GST cess on cigarettes and bidis, raising margin risks. Analysts suggest stock strategy ahead

HUL, Nestle: FMCG stocks rise up to 7% on GST reforms; analysts weigh

Nifty FMCG rose 2.66 per cent in early deals after the Goods and Services Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman on Wednesday, simplified the GST structure

Nomura bets on Marico, Tata Consumer, Britannia on hopes of margin boost

Brokerage expects gross-profit-margin (GPM) improvement in Q2FY26 but warns that month-on-month raw-material (RM) upticks could revive price hikes from Q4

ITC chief hails PM's reform vision, says GST overhaul to spur growth

ITC Ltd Chairman Sanjiv Puri on Tuesday hailed Prime Minister Narendra Modi's call for next-generation reforms, particularly in the Goods and Services Tax (GST) framework, saying the move will trigger a virtuous cycle of consumption, investment, growth and employment. He said the government's focus on affordability and accessibility of essential items, including food, will provide significant relief to the middle class, micro, small and medium enterprises (MSMEs), and farmers. "The government's resolve to ensure ease of living by enhancing affordability and accessibility of all items meant for daily consumption will benefit the sizeable middle-class population, MSMEs and farmers," Puri said in a statement. A transparent, simplified and growth-oriented tax structure will not only improve competitiveness of enterprises but also promote ease and cost efficiency in doing business, he added. "The proposed measures will enable formalisation of the economy, create a more tax-compliant ...

ITC seeks CCI nod to acquire ABREL's Century pulp paper biz for ₹3,498 cr

ITC Ltd has sought the CCI's approval to acquire the pulp and paper business of Aditya Birla Real Estate Ltd (ABREL) for Rs 3,498 crore. "The proposed transaction refers to the sale of the target business (paper and pulp manufacturing business of ABREL) to the acquirer (ITC Ltd), as a going concern, in accordance with the business transfer agreement executed between the parties," according to a notice filed with the Competition Commission of India (CCI). Established in 1984 at Lalkuan (Nainital, Uttarakhand), pulp and paper undertaking Century Pulp and Paper (CPP) of ABREL is a well-established player in the Indian Paper industry with an installed capacity of 4.8 lakh metric tonnes per annum. According to ITC and ABRE, the "proposed transaction does not raise any competition concerns within the relevant markets as the market is highly competitive, and will not cause any appreciable adverse effect on competition in the relevant markets", the CCI notice said. In March, ABREL announce

JM Financial initiates coverage on ITC Hotels, sees 12% downside: Check why

JM Financial highlighted that ITC Hotels has delivered a 22 per cent CAGR in Ebitda over FY23-25, driven by strong RevPAR growth