Page 9 - Itc

ITC Q3 results: Consolidated net profit rises 6.6% to Rs 5,335 crore

Consolidated revenue from operations in Q3FY24 was at Rs 19,484.50 crore, up 2.44 per cent

ITC Q3 results: Net profit rises 10.8% to Rs 5,572 crore, beats estimates

The company's profit rose 10.8% to Rs 5,572 crore ($670.3 million) in the third quarter ended Dec. 31

ITC hits over 5-month high in weak market; stock rallies 10% since December

At 11:57 AM, ITC was up 2 per cent and was trading as the top gainer on the S&P BSE Sensex and Nifty 50 indices

Year Ender: 10 big events that shaped the Indian corporate world in 2023

From Hindenburg's report on the Adani Group to the signing of the biggest aircraft orders by Air India and Indigo, India saw several important corporate news in 2023. Here are the 10 most significant

In non-cigarettes push, how ITC built more than 25 FMCG mother brands

As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses

Growth gains, dividend yield along with stable taxation to boost ITC stock

Non-cigarette segments have delivered annual revenue growth of 14% and net profit growth of 20% over FY18-23

Not Britannia or Adani Wilmar: Which is the largest FMCG company in India?

ITC is now the largest FMCG company in India as it recorded food sales of Rs 17,100 crore during the first nine months of 2023-24

ITC launches app to provide crop advisory, market access to Bengal farmers

ITC Limited on Wednesday launched a mobile application to provide crop advisory, market access and financial services to the farmers of West Bengal. ITC chairman Sanjiv Puri launched the ITCMAARS (Metamarket for Advanced Agriculture and Rural Services) application on the concluding day of the Bengal Global Business Summit (BGBS) here. He said the application, on which services would be available in Bengali, would offer world-class technologies and services to farmers in partnership with a large number of leading players in the agri sector, besides banks, institutes and technology firms. Puri said ITC aims to reach out to five lakh farmers over time. He said that ITC's agri business already has a significant presence in the state, where it works with nearly 1.7 lakh farmers, introducing new crop varieties, promoting crop development for enhancing quality and improvement in yield, besides providing advisory and other services.

Over 100,000 small and mid-sized firms flout GST e-invoicing rules

The e-invoicing mechanism helps improve compliance and transparency in sales reporting, minimising errors and mismatches, and automating data entry

GST exemptions disrupt input tax credit chain, will complex GST: CBIC chief

Indirect tax authorities to send intimation to businesses not complying with e-invoicing rules

FMCG industry logs 8.6% volume growth in Q2 on rural revival: NIQ

Hindustan Unilever and ITC both pointed out after announcing their September quarter results that regional brands have gained momentum

As stake value doubles, govt puts plans to sell ITC stock in cold storage

The Centre is getting around Rs 1,000 crore dividend annually from the cigarette-to-FMCG conglomerate for its 7.87 per cent stake

RIL, HUL, ITC: Top 50 APAC firms lose over $185 billion in m-cap in Q3

Reliance Industries (8 per cent), Hindustan Unilever (7.9 per cent) and ITC (1.3 per cent) were the Indian companies that saw a drop in m-cap during the recently concluded quarter

ITC's stock may remain range-bound post July-September quarter show

Most brokerages have cut their earnings estimates marginally to factor in the weak performance of the paperboards division

Stocks to Watch today: HUL, ITC, Zomato, Paytm, UltraTech, Dixon, MphasiS

Stocks to watch on Friday: Shares of ITC and Hindustan Unilever will react to Q2 results today; while the former posted 6 per cent growth in net, the latter's consolidated net was down on a YoY basis.

ITC Hotels brand Storii to set up presence in Kolkata, slated to open 2024

ITC Hotels on Monday announced the signing of its first 'Storii' property in West Bengal. The property will be located near the metropolis and is slated to open in early 2024. According to a company spokesman, ITC Hotels already has three 'Storii' properties which are presently operational in Goa and Dharamshala. The Kolkata property will have 30 keys, the spokesman said. Anil Chadha, divisional chief executive of ITC Hotels, said "ITC Hotels has a strong presence in Kolkata. The 'Storii' property will be a boutique resort away from the hustle and bustle of metro life." ITC's Storii hotels are boutique properties with each having a unique 'story' owing to its architecture, location, heritage, theme or facility offerings. Ravi Todi, director, South City Projects (Kolkata), said that this is the first hospitality venture of the property developer which will bring a world-class boutique resort with a Spa.

Higher compliance has boosted monthly GST collections: CBIC chief

CBIC chief Sanjay Kumar Agarwal on Thursday said increased monthly GST collections are mainly on account of higher compliance, and the GST Council's decision to tighten return filing and registration process would help reduce fake ITC claims in evasion prone sectors, including iron and steel. Agarwal said the Central Board of Indirect Taxes and Customs (CBIC) has received suggestions regarding streamlining tax rates in evasion-prone sectors and all that is being discussed. The Goods and Services Tax (GST) collection was Rs 1.87 lakh crore in April and in the first four months of the current fiscal, the collections have averaged Rs 1.67 lakh crore. "The buoyancy of revenue is 1.43 of nominal GDP growth meaning thereby revenue collection is not entirely on account of growth in GDP, but a major contribution is made by increased compliance level," the CBIC chief said at the Ficci Cascade event here. Tax buoyancy explains the relationship between changes in government tax revenue growth

Can't block ITC for GST on obligatory transport for women employees: AAR

Authority's ruling in Tamil Nadu would hold precedence in states where employers are obliged to drop women staff at specific hours, say experts

Behind ITC's hotels demerger

Why ITC threw down the gauntlet with the demerger of its hotels business

Nestle to sell 40 gm Maggi packets for Rs 10 to expand market share

Price points such as Rs 5 and Rs 10 are easier to remember and are perceived as being affordable by customers