Page 5 - Itc

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

Volume trends in cigarettes, FMCG key to ITC's recovery after weak Q3

Cigarettes and FMCG margin contracted due to inflation in input costs

ITC slips 3% after Q3; few brokerages cut target after hotel biz demerger

Post Q3, the brokerages maintained their positive stance on ITC stock but most cut target price and EPS estimates given the demerger of hotel business

ITC Q3FY25 results: Profit down 7.27% to Rs 5,013.16 cr, revenue up 9%

The 'Gold Flake' cigarette maker reported a profit of 56.38 billion rupees ($643.69 million) for the third quarter ended December 31, compared with 55.72 billion rupees a year earlier

Q3 results, Feb 6: Hero MotorCorp, ITC, MRF, Airtel to post earnings today

Q3 company results, February 6: Hero Motorcorp, NMDC, PVR INOX, State Bank of India, JK Lakshmi Cement, and Apollo Tyres will release their reports for the Oct-Dec 2024 quarter

ITC Q3 preview: Cigarette volume may remain resilient; FMCG biz to grow 6%

Analysts and investors will keep an eye out for management's commentary on FMCG, cigarette business growth outlook

CM Mamata inaugurates ITC's global centre of excellence for AI in Kolkata

Diversified conglomerate ITC Limited on Wednesday announced the opening of its global centre of excellence for Artificial Intelligence (AI) in the metropolis. The centre was virtually inaugurated by West Bengal Chief Minister Mamata Banerjee during the Bengal Global Business Summit. ITC chairman and managing director Sanjiv Puri highlighted Bengal's potential for investment, noting that the firm, headquartered in Kolkata, has made significant investments in sectors such as hospitality, manufacturing, IT, and agriculture. He emphasised the state's promising future in hospitality and reiterated ITC's commitment to expanding its presence in West Bengal. The global centre, located in New Town, will focus on advanced AI research, positioning West Bengal as a leading hub for AI development in India. Banerjee also virtually inaugurated a state-of-the-art FMCG manufacturing facility at Uluberia in Howrah district. Puri added that ITC has invested over Rs 7,500 crore in West Bengal over t

We aim to be a leader in every segment we operate in: ITC Chairman Puri

ITC is sharpening its competitiveness and strengthening innovative capacity under its "Next Strategy" as the multi-conglomerate aims to be a leader in the segments in which it operates, said its Chairman and Managing Director Sanjiv Puri. The cigarettes-to-consumer goods conglomerate has articulated a strategy of the organisation, the 'ITC Next Strategy' aiming to shape a future-ready enterprise and define the next phase of growth and profitability, Puri told PTI. As part of the ITC Next Strategy, it identified levers of competitiveness, which include digitalisation, sustainability, innovation and supply chain efficiency, among others for its future growth. "These have been identified as areas where specific interventions have been made to become competitive and contemporary. The objective is to keep innovating while leveraging enterprise strengths," said Puri. The idea is to be a leader and to be a very large-scale business, in which ITC has made "appreciable progress" in its ongo