Page 3 - Itc

ITC Q1 FY26 result: Net profit up 3% at ₹5,244 cr; revenue rises 20%

ITC Q1 FY26 result: The company's revenue from operations grew 20 per cent to ₹23,129.35 crore from ₹19,350.08 crore in Q4 FY25

Q1 results today: ITC, Adani Power, Godrej Properties among 96 on Aug 1

Q1 FY26 company results, August 1: Tata Power, LIC Housing Finance, JK Lakshmi Cement, Delhivery, and PC Jeweller will also release their April-June quarter earnings

ITC to release Q1 results this week; check estimates, date, other details

ITC Q1 results preview: ITC's net profit is estimated to increase 2.6 per cent year-on-year (Y-o-Y) on average, to ₹5,041.75 crore; check more details

Expect progressive improvement in demand, says ITC CMD Sanjiv Puri

Sanjiv Puri, ITC's Chairman and MD, expresses cautious optimism on demand recovery, driven by easing interest rates, better weather conditions, and benign inflation

ITC Chairman Puri unveils ₹20,000 crore expansion strategy at AGM 2025

Chairman Sanjiv Puri says 65 per cent of ITC's revenue now comes from non-cigarette businesses as the firm prioritises domestic growth under 'Bharat First' strategy

GST officers detect ₹15,851 crore fraudulent ITC claims in April-June

GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the number of fake firms detection was less Y-o-Y, officials said. The total number of fake firms detected by central and state GST officers during the first quarter of FY26 stood at 3,558, less than 3,840 such entities detected in the same quarter of FY25. panel of state finance ministers, chaired by Goa Chief Minister Pramod Sawant, is currently studying tax evasion in specific sectors and looking at ways to check input tax credit (ITC) fraud. "On an average, about 1,200 fake firms are getting detected every month. The number of fake firm detection in the April-June period is less compared to last year, which shows that the drive against fake GST registration has worked," an official said. As per the data of the fake firms and ITC frauds detected by central and state GST officers during the June ...

Stocks to buy today, July 17: Tata Power, ITC among analyst top picks

Analyst at Religare Broking recommends maintaining a cautious stance and focus on stock selection. Tata Power, ITC and are among the top stocks to buy

Top stocks to buy: Ujjivan SFB, ITC on analyst radar; check target price

Nifty broke four sessions of losing streak by rising 113 points to close at 25,195. Ujjivan Small Finance Bank and ITC are the breakout stocks to watch

ITC to boost growth by scaling up value-added agri products portfolio

Diversified conglomerate ITC Limited said that the strategic focus of its agriculture business continues to be on accelerating growth by scaling up its value-added agri-products portfolio. In the annual report for 2024-25, the Kolkata-headquartered company said the scope and operations of its agri-business have grown manifold over the years and currently encompasses over 3.5 million tonnes of annual throughput in 22 states. The company plans to straddle across multiple value chains comprising spices, coffee, frozen marine products and processed food. Segment revenue of ITC's agri business increased 25 per cent year-on-year to Rs 19,753 crore in 2024-25. The company consolidated its position as a preferred supply chain partner to buyers in spices like chilli, cumin, turmeric and coriander, according to the annual report. The business continues to scale up its organic and integrated crop management programmes, expanding organic cultivation across multiple states to meet the growing

Proximity, culture make Sri Lanka ideal for Indian firms: Sanjiv Puri

ITC Chairman Sanjiv Puri says cultural affinity and geography make Sri Lanka a preferred overseas destination as Indian companies expand and FTAs open new avenues

Ministerial group on GST discusses curbing ITC frauds, leakages by sector

The GoM on GST revenue analysis under Goa Chief Minister Pramod Sawant met on Friday and discussed sector-specific tax leakages and corrective action to curb over Rs 2 lakh crore ITC frauds. The GoM also discussed comparative analysis of pre- and post-GST revenue trends, e-invoicing and IT system enhancements for better traceability. The GoM also discussed state-specific policy suggestions for boosting revenue, and coordination between central and state tax administrations for plugging GST evasion. "Chaired a meeting of the Group of Ministers (GoM) on GST Revenue Analysis to review state-wise revenue trends and identify actionable strategies for improved GST collection," Sawant said in post on X. The GoM identified Input Tax Credit (ITC) fraud as a major issue under goods and services tax (GST) and states suggested various measures to prevent it. Officials said the GoM flagged Rs 2 lakh crore of ITC fraud over the past years, with states like Gujarat, Telangana, and Rajasthan makin

Stocks to Watch today, June 16, 2025: Ireda, DLF, OMCs, IndusInd Bk

Stocks to Watch today, June 16, 2025: From Ireda to oil-linked stocks, here is a list of few shares that will remain on investors' radar today

ITC completes acquisition of 24 Mantra Organic brand owner Sresta Natural

Multi-conglomerate ITC has completed the acquisition of Sresta Natural Bioproducts, which owns the '24 Mantra Organic brand' in an all-cash deal valued at Rs 472.50 crore. This will help ITC to expand its play in the fast-growing organic food products segment. The company has completed the acquisition of 100 per cent of the share capital of SNBPL on 13th June, 2025, ITC said in a regulatory filing. On the acquisition cost, ITC said it had an upfront consideration of Rs 400 crore on a cash-free debt-free basis and addition, consideration of up to Rs 72.50 crore, which is payable in the next 24 months. In April ITC had informed it had signed a share purchase agreement with Sresta Natural Bioproducts Private Limited (SNBPL) to acquire 100 per cent stake in the company. This acquisition is "in line with the strategy to augment the company's future-ready portfolio, the transaction is expected to fortify ITC's presence and market standing in the high-growth organic products segment in b

ITC stake strategic investment, not financial: BAT chief executive Marroco

Marroco also confirmed that BAT would keep its two directors on the ITC board so that it has an influence

EY India Chairman Rajiv Memani takes over as CII President for FY26

Ernst & Young (EY) India's Chairman and CEO Rajiv Memani has assumed office as the President of the Confederation of Indian Industry (CII) for 2025-26, the industry lobby said on Sunday. He takes over from Sanjiv Puri, Chairman & Managing Director of ITC Ltd. Memani is also a member of EY Global Executive Board as the Chair of its Growth Markets Council. R Mukundan, Managing Director & CEO of Tata Chemicals Ltd took over as CII President-Designate for 2025-26. Mukundan joined Tata Administrative Service in 1990, after completion of MBA from FMS, Delhi University. He is a distinguished alumnus of IIT, Roorkee; Fellow of Indian Chemical Society and an alumnus of Harvard Business School. Suchitra K Ella, Co-founder and Managing Director, Bharat Biotech International Ltd took over as CII Vice President for 2025-26. She was instrumental in founding Bharat Biotech way back in 1996.

BAT pares stake in ITC to 22.9%, relinquishes veto power in key move

BAT's latest stake sale trims its ITC holding below 25 per cent, ending veto rights just a year after it cited the importance of maintaining control through board influence

BAT evaluating sale of small part of ITC stake, confirms in LSE filing

BAT may offload a small portion of its 25.45% stake in ITC via on-market trade, but says no certainty of deal; earlier divestment funded share buyback

Emami, HUL, ITC: Is early monsoon good news for FMCG stocks? Analysts weigh

Early monsoon could be beneficial to agri-related and/or staple-focussed FMCG companies, while it may hurt those FMCG players that are more skewed towards summer portfolios.

ITC's gains depend on margin recovery and revival in FMCG segment

ITC's Q4FY25 net profit rose 0.8 per cent on strong cigarette volumes but pressure in FMCG and paperboards hit margins, with rural demand holding the key

ITC shares gain 2% after Q4 results; check earnings, brokerage review here

ITC's stock rose as much as 1.98 per cent after it reported a multifold increase in its profit for the fourth quarter