Page 4 - Itc

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

ITC Q4FY25 results: Adjusted profit rises 3% to Rs 5,155.27 crore

ITC reports Rs 5,155 crore adjusted PAT in Q4FY25, with one-time hotel demerger gain pushing reported profit to Rs 19,727 crore amid rising input costs and weak demand

ITC Q4 results: Net profit jumps multifold to ₹19,727 cr, dividend declared

The significant surge in profit is attributed to the exceptional gain from discontinued operations; ITC's board of directors recommended the dividend of ₹7.85 per share

SC rejects review plea in Safari Retreats case, upholds ITC for leasing

Supreme Court dismisses Finance Ministry's review petition in Safari Retreats ruling, reaffirming ITC eligibility for real estate used in leasing businesses

ITC Q4 results preview: What to expect this quarter? Check out date, time

ITC Q4 results preview: Brokerages tracked by Business Standard in the fourth quarter (Q4FY25), expect ITC's net profit to slip 5.2 per cent year-on-year (Y-o-Y) on average, to ₹4,758.26 crore

ITC presses the pedal on acquisitions to build a future-ready portfolio

The year has gotten off to a hectic start for ITC, but the momentum has been building with a series of investments, big and small, over the past five years

ITC to acquire '24 Mantra Organic' maker SNBPL for Rs 472.50 crore

The acquisition is expected to be completed in the first quarter of FY26

ITC set to acquire 24 Mantra Organic brand in Rs 472.5 crore deal

Multi-conglomerate ITC on Thursday said it will acquire Sresta Natural Bioproducts, engaged in the manufacturing and sale of organic packaged food products under the 24 Mantra Organic brand, for about Rs 472.50 crore. It has signed a share purchase agreement to acquire a 100 per cent stake in Sresta Natural Bioproducts Private Limited (SNBPL), ITC said in a regulatory filing. The acquisition is "in line with the strategy to augment the company's future-ready portfolio, the transaction will fortify ITC's presence and market standing in the high growth organic products segment in both Indian and overseas markets," it added. SNBPL's portfolio comprises a wide range of over 100 organic products, spanning branded grocery staples, spices and condiments, edible oils, and beverages, among others. Besides, it has a strong international presence with a deep connection with the Indian diaspora. "The share acquisition is expected to be completed in Q1 of FY 2025-26 or such later date as may be

India much better placed to deal with Trump tariffs: ITC Chairman

India is much better placed to deal with disruptions emanating from Trump tariffs as there is a possibility of signing an FTA with the US for which discussions are happening at fast pace, ITC Chairman Sanjiv Puri said. US President Donald Trump imposed reciprocal tariffs on many countries, including India, which he later postponed by three months with the exception of China on whom a 125 per cent tariff has been slapped. However, a 10 per cent additional duty on exports to the US will continue. The reciprocal tariffs will now kick in from July 9. When asked about the impact of such tariffs on the domestic industry, Puri said it will be difficult to say how it will evolve, but India will be much better placed in this. "It's difficult to say how it will evolve, but my own sense is that at the end of it, I think India is going to be much better placed, because we do see the possibility of several FTAs being inked, which industry has been looking forward to for some time, hopefully ...

Breakout stocks: ITC, Jyothy Labs can rally up to 18%, show charts

ITC and Jyothy Labs have given a breakout above the super trend line resistance on the daily scale; here are the key levels to watch out on these 2 stocks as the trend turned favourable on charts.

ITC rebounds 6% from Monday's low; analysts remain positive on the stock

On March 31, 2025, ITC had signed a Business Transfer Agreement to acquire the pulp and paper undertaking of Aditya Birla Real Estate Limited. Analysts view this development as a positive.

Stocks to Watch, Apr 1, 2025: HAL, auto stocks, ABREL, ITC, IndiGo, Gail

Stocks to Watch on April 1, 2025: From Aditya Birla Real Estate to IndiGo, here are few stocks that will be in focus today

ABREL sells Century pulp and paper business to ITC for ₹3,498 crore

Aditya Birla Real Estate Ltd (ABREL) on Monday announced the sale of its pulp and paper business to ITC for Rs 3,498 crore as part of its strategy to focus on property business. In a regulatory filing, ABREL informed that its board approved the execution of the business transfer agreement for the divestment of pulp and paper undertaking situated in Lalkuan, Uttarakhand, by way of a slump sale to ITC Limited. "The transfer of the business will be for a lump-sum cash consideration of Rs 3,498 crore, to be paid by ITC to ABREL," the real estate firm said. The divestment of the pulp and paper undertaking is a value-unlocking exercise. "It will further enable the company to pursue growth opportunities in its core business - real estate," the statement said. Aditya Birla Real Estate Managing Director R K Dalmia said, "The divestment of the Pulp and Paper undertaking by ABREL is a strategic portfolio choice and unlocks value for the shareholders of ABREL". "The company has embarked on a

ITC in talks to acquire MTR Foods and Eastern Condiments in $1.4 bn deal

ITC is in preliminary discussions with Norway's Orkla ASA to acquire two of its brands as part of its efforts to expand presence in the southern Indian spice market