Page 4 - Itc

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

GST Council may allow input tax credit for employee group insurance

"ITC on group health and life insurance policies may be taken up for discussion. But there is no proposal to exempt these policies from GST. They will continue to attract 18 per cent," official said

Urban demand drives FMCG Q1 gains: Is it sustainable? | FMCG sector | HUL, Dabur, ITC | Stock market

India’s FMCG market is witnessing a subtle but significant shift. For months, companies like HUL, Dabur, and ITC leaned heavily on rural demand.

Sustaining cigarette volumes, FMCG recovery key monitorables for ITC stock

The disappointing FMCG performance could see recovery on better consumption since ITC has historically enjoyed industry-leading growth in several FMCG category drivers

Stock market close highlights: Sensex rises 419 pts, Nifty at 24,723; Metal, IT, auto stocks shine

Sensex Today | Stock Market LIVE Updates, August 4, 2025: In the broader markets, the Nifty MidCap100 and SmallCap indices edged higher by 0.26 per cent and 0.07 per cent, respectively

Brokerages remain divided on ITC after Q1 result; check recommendation

ITC Q1 results review: In Q1, ITC's net profit stood at ₹5,244 crore, up 3 per cent year-on-year (Y-o-Y) from ₹5,091.59 crore a year ago

Stocks to Watch today, Aug 4: ITC, Tata Power, Hero MotoCorp, Federal Bank

Stocks to Watch today, August 4, 2025: ITC, Tata Power, Federal Bank, and Hero MotoCorp are some of the key stocks to watch today

ITC Q1FY26 results: Net profit up 3% at ₹5,244 cr, revenue rises 19.53%

ITC's Q1FY26 performance shows 3% profit growth and 19.53% rise in revenue, driven by strong performances in cigarettes and agri businesses despite rising commodity prices

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