Page 5 - Itc

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

DPIIT signs agreement with ITC to help startups in manufacturing sector

The Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday said it has entered into a strategic partnership with ITC Ltd to help startups in the manufacturing sector. "Under this partnership, ITC is looking to deploy startup solutions in key areas such as digital platforms for Manufacturing Execution Systems (MES), integrating renewable energy opportunities for manufacturing locations, and energy storage systems," the department said. It added that a Memorandum of Understanding (MoU) has been signed which will set the tone for a partnership where ITC's experience and expertise with extensive market network will complement DPIIT's initiative for supporting startups across the country. DPIIT Joint Secretary Sanjiv said, "We look forward to fostering scalable solutions and transformative growth to ensure a conducive environment for startups." Startup India Director Sumeet Kumar Jarangal said this would help provide hassle-free market access to startups in terms o

India poised to become a developed nation by 2047: ITC chief Sanjiv Puri

With transformative reforms of the past decade propelling India to global stage, it is India's moment in history, ITC Chairman Sanjiv Puri said, exuding confidence that the country will become a developed nation by 2047 on the back of strong macro fundamentals and purposeful policy interventions. India has risen from being the 10th largest economy in the world in 2014 to the fifth largest, driven by landmark reforms like GST and an unprecedented infrastructure push. The decade under Prime Minister Narendra Modi is hailed for landmark reforms, inflation control, financial inclusion and digitisation despite inheriting a weak economy. "In the new world order, which is characterised by new policies on geo-economics and geo-politics, I think the world is looking towards supply chain diversification, and supply chain resilience. "Because of the climate emergency, the world is looking at an energy transition. Digital transformation is another area that the world is going through. Food and

Analysts remain optimistic on FMCG major ITC post hotel arm spin-off

During the pre-open session conducted by the exchanges on Monday, the discovered share price for ITC was Rs 455 per share, down Rs 27 from the closing price of the previous session

ITC stock adjusts for hotel biz post demerger; check latest share price

ITC hotels demerger: January 6, 2025, was the 'record date' to finalise the eligible ITC shareholders who would receive shares of ITC Hotels once it gets listed on the NSE and BSE

Stocks to Watch, Dec 31, 2024: RIL, Lupin, ITC, Adani Enterprises, SpiceJet

Stocks to Watch on Dec 31, 2024: From ITC to Adani Enterprises, here are few stocks that will remain in focus today

Stocks to Watch, Dec 19: SBI, ITC, Ipca labs, IOL Chemicals, Infosys, Lupin

Stocks to watch on December 19, 2024: ITC acquired a 2.44 per cent stake in the hospitality company EIH and a 0.53 per cent stake in HLV for Rs 111.2 crore.

Stocks to Watch, Dec 9: GCPL, IndiGo, M&M, CEAT, Bajaj Auto, Paytm, SBI

Stocks to Watch, Dec 9: Here is a list of stocks from Adani group shares to GCPL that will remain in focus today

ITC ramps up cultivation of medicinal, aromatic plants for market expansion

ITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate's presence in the fast-growing health and wellness products market in the food, personal care and other categories. The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji in Madhya Pradesh and turmeric in southern states. Through this initiative, ITC looks to meet its requirements by chasing its FMCG ambitions and also leverages the B2B nutraceuticals space, bridging the demand-supply gap in the market, which has evolved rapidly after the pandemic. "As a part of the ITC Next strategy, the company's Agri-Business Division has pivoted its strategic focus towards rapidly scaling up its value-added Agri Products (VAAP) portfolio to accelerate growth and competitiveness. In line with the larger ITC NextGen Agriculture vision, we are focusing on ...

Stocks to Watch, Dec 6: Vi, Canara Bank, rate sensitives, Nykaa, RITES

Stocks to Watch, Dec 6: From rate sensitives to Vodafone Idea (Vi) here is a list of stocks to remain in focus today

ITC to increase FPOs to 4,000 in next 4 years linking one crore farmers

ITC is expanding its network of FPOs, further aiming to connect one crore farmers in the next 4-5 years and scaling up sourcing of fruits and vegetables through this platform, said its Agri Business Division CEO S Ganesh. ITC, present in around 22 states through FPOs (Farmer Producer Organizations) and working on 20 crops, has plans to expand and deepen it further in states including Madhya Pradesh, Rajasthan, Haryana, Punjab and Bihar. Besides, ITC is working on expanding the reach of its super app MAARS -- a phygital' initiative with FPOs through which it is providing personalised advisories to farmers from weather forecast to sales of crops at mandi prices, supply of seeds and fertiliser and services as soil testing to helping them get credit from banks. Through MAARS (Metamarket for Advanced Agriculture Rural Services), ITC is also enhancing agricultural practices to small farmers through technology aggregation, AI-enabled solutions, AgTech and an e-marketplace for commodities

Horses for courses: ITC devises bespoke plans for distribution channels

In Q2FY25, ITC's sales on quick commerce grew by over 50 per cent year-on-year on a smaller base, contributing 50 per cent of its overall e-commerce sales

Urban demand needs an upward spiral: ITC Executive Director Bhargavan

Company is focusing on multi-dimensional levers to drive growth while staying the course on product launches, says ITC's Executive Director Bhargavan

ITC Q2FY25: Net profit up 1.9% at Rs 4,992.87 cr, revenue rises 15.6%

Revenue rises 16% in Q2FY25; cigarette segment records 6.6% Y-o-Y growth in revenue