Page 30 - Itc

Price hikes of ITC cigarette brands offset margin concerns, cheer Street

Stock trading at 25 times its FY20 estimated earnings; increase in costs unlikely to weigh on volumes

ITC non-cigarette businesses may continue to rise by 14-15%, say analysts

ITC now needs to take up price hikes to improve its margin profile, which otherwise could take away the sheen off its stock in brokerage buy lists on account of attractive valuation

ITC hits 3-month high; stock gains 9% in one month

The stock was up 2% at Rs 295, its highest level since October 4, 2018.

ITC forays into ready-to-drink milk-based beverages market in India

The products are manufactured in a new integrated facility it has launched in Kapurthala, Punjab, with an investment of around Rs 9 billion

ITC pumps Rs 150 million into start-up investment arm Fireside Ventures

In the past few years, most of the FMCG majors have started investing in start-ups

ITC may step up its foreign presence in the hotels space: Sanjiv Puri

It is presently building one at Colombo, Sri Lanka, its first foreign venture in the segment

ITC is open to inorganic opportunities to expand FMCG segment: Sanjiv Puri

The biggest challenge for the cigarette industry is a steep increase in taxation, which has trebled in the past six years

ITC board promotes Sumant Bhargavan as additional, wholetime director

Sumant is also a member of the corporate management committee of the company

Why does ITC need multiple brands to mark its presence in dairy market?

The company is using the wide assortment of brands under its umbrella to extend its footprint in the dairy market

ITC to expand dairy biz, with pan-India foray into Rs 15 bn milkshake mkt

Will also launch paneer shortly, is also working on cheese and Tetra Pak milk

ITC looks to enhance portfolio, to enter paneer, milkshakes biz in 2 months

ITC had earlier forayed into the dairy segment with the launch of milk and ghee in select markets

M&As crucial for ITC to reach Rs 1 trn revenue from non-cigarettes FMCG biz

Firm plans to venture into every product category to meet target

ITC hits fresh 52-week high; stock surges 17% in one month

ITC hit a fresh 52-week high of Rs 315, up 2.5% on the BSE, was the largest gainer among the S&P BSE Sensex at 09:38 am.

ITC's cash cows: Gains from investments in EIH, Leela touch Rs 11 billion

ITC chairman Y C Deveshwar says the company had bought EIH shares when they were around Rs 35 a piece

ITC open to acquisition of GSK's Horlicks at right price when up for sale

GSK had gone for a strategic review of the Horlicks brand to fund the Novartis deal pegged at $13 billion

ITC is India's 4th most valued firm in m-cap, overtakes Hindustan Unilever

With this, ITC also became the most valued FMCG company

ITC hits 52-week high as Q1 profit beats estimates; stock surges 5%

The stock surged 5% to Rs 302 on the BSE on Friday after the company reported a better-than-expected 10% year-on-year jump in net profit at Rs 28.19 billion in June quarter.

With rising share of FMCG biz, ITC presents a bottom-fishing opportunity

Many analysts also foresee an improvement in the cigarette business

ITC to mull Telangana govt's requests to takeover AP Rayons factory

The plant was closed due to losses and other reasons; state efforts to restart operations failed

ITC to add 2,500 rooms in 5 years, to invest Rs 25 billion

ITC on Monday formally inaugurated ITC Kohenur, a luxury hospitality project at Hitec City, constructed at a cost of Rs 7.75 billion