Jun 02, 2021 08:47 PM IST
In Q4, ITC saw recovery in almost all segments. However, with the second wave of Covid, we expect some impact on the performance of cigarettes, discretionary FMCG portfolio as well as hotels and paper divisions. Better traction in health, hygiene and essential food portfolio could offset some of the decline. Post Covid, we expect segments like Hotel, paper and packaging to witness growth with healthy profitability. Going forward, the concern remains whether ITC will be able to maintain and increase its market share in the cigarette business in the face of competition and cheaper imports. Based on the FY22E and FY23E earnings, ITC is trading at a P/E multiple of 17x and 16x, respectively. Despite its huge discount to the FMCG universe, ethical considerations have prompted some long-only investors to avoid ITC. For domestic retail investors the valuation coupled with healthy payouts are big draws.
- Oct 15, 2020 06:01 PM IST
Every year, Global Handwashing Day is observed on October 15.
- Sep 29, 2020 02:47 PM IST
The FMCG firm expects the heightened focus on health and surge in sales of ready-to-cook and ready-to-eat products to drive growth in the coming years
- Apr 02, 2020 12:55 PM IST
To beat the pandemic, basic hygiene-related habits, access to water supply and housing facilities, along with government initiatives must go hand-in-hand.
- Mar 27, 2020 09:09 PM IST
The scale of this lockdown, shutting down an entire nation of 36 states and territories spanning over 3.2 million square km for three weeks, is raising questions ow whether this shutdown can be sustained
- Apr 24, 2019 04:19 PM IST
He ranked 45th in the list and has been featured along with stalwarts from various walks of life such as Bill and Melinda Gates, Jacinda Ardern, and Robert Mueller.
- Jul 21, 2017 05:40 PM IST
CAG blames Indian Railways for serving ‘food unfit for human consumption’ in a recent report
- Dec 21, 2016 07:10 PM IST
To promote authentic Indian street food, the National Association of Street Vendors of India (NASVI) in partnership with FSSAI is organising a three-day National Street Food Festival to be held at the Jawahar Lal Nehru Stadium in the national capital starting December 23.
- Apr 13, 2016 10:05 PM IST
The mention of street food will no longer remind you of unhygienic conditions. That's because India's food safety regulator has launched a campaign to train street food vendors and hawkers in safety and hygiene. CNBC-TV18's Shweta Kothari gets you a taste of what to expect.
- Apr 06, 2015 06:49 PM IST
Last week we examined how the Make in India initiative is a bold step towards revolutionising India‘s manufacturing sector. Today‘s episode will explore Prime Minister Modi‘s Swachh Bharat Abhiyan.
- Aug 05, 2013 12:43 PM IST
Hygienic sanitary napkins will help bring down the school dropout rate among girls in rural India -- this was the inspiration for Aakar Innovations
- May 20, 2013 01:11 PM IST
The European Commission said the move is designed to improve hygiene and reassure consumers the olive oil in restaurants has not been diluted with an inferior product.