Itc Ltd

Newly added high-growth businesses will create a future-ready portfolio

ITC Q3 FY25: Diversification drives top line, but inflationary pressure hurts margins

Resilient performance amid challenging operating environment

ITC Ltd | Resilient performance amidst challenging operating environment

ITC is an Indian conglomerate with diverse business interests, spanning across Cigarettes, Branded Packaged Foods, Personal Care, hotels and Agri. ITC is well diversified players with Cigarette business being a cash cow which enables incubation of new high growth business. The recent quarterly earnings were in line expectations but inflationary pressure weighed on consumption and FMCG business. ITC also offers a decent dividend yield, which can help it outperform in the near term, given the macro headwinds and elevated market volatility. Moreover, post de-merger of the asset-heavy hotel business, the return profile of ITC is expected to improve substantially.

Stocks impacted by proposed GST changes on sin goods, insurance

The proposed hike in GST for demerit goods has impacted several stocks tied to these industries. Meanwhile, insurance stocks saw positive movement amid expectations of tax cuts on insurance premiums.

ITC Q2 FY25: Margin headwinds across the board

Diversification drives top-line growth, but inflationary pressure hurts margins.

ITC: Steady performance by the core business supports margin profile

We remain positive on the long-term prospects of the business, given ITC’s healthy cash flow

Option strategy of the day | ITC gains buying momentum in May series, use 'covered call' for gains

There has been 20% increase in ITC May futures combined open interest and an uptick in OIPCR for the May series, indicating increased activity from put writers and expected upside.

Is ITC still a value play?

Well-diversified business model with robust free cash flows

BAT may exit ITC hotels business post demerger

There is no strategic intent from BAT to be a minority shareholder of a hotel company in the Indian market, said BAT CEO Marroco

Royalty-like arrangement for ITC Hotels to use ITC brands: Sanjiv Puri on demerger

The CMD also spoke about the structure of the deal and the asset-acquisition strategy for the new entity, among others

ITC after hotels demerger: Check out derivatives outlook on the stock

ITC shares suffered a sharp decline as investors disliked the company's decision not to fully split its hotel business and retain 40 percent of the new entity. Market participants were put off because only 60 percent will be distributed to shareholders

Brokerages cheer for ITC hotels demerger with hopes of value unlocking

The decision to not do a full split of ITC's newly carved hotel business came as a negative surprise for market participants, fueling a 4% slide in the stock on July 24.

ITC approves demerger of hotels business, shares slide

Under the approved plan, the new entity would be majority-owned directly by the company's shareholders, holding approximately 60 percent of the stake, while ITC Limited would retain about 40 percent

Gainers & Losers: 10 stocks that moved the most on July 20

About 1,718 shares advanced, 1,574 declined and 130 remained unchanged on July 20.

ITC raised chief Sanjiv Puri's salary by 53% to Rs 16.31 crore in FY23

ITC is among the three corporates in the private sector in terms of contribution to exchequer over the years, the company said in its annual report

BNP Paribas remains 'underweight' on FMCG sector. Here's why

Despite the upcoming headwinds for the sector, BNP Paribas is constructive on Britannia Industries, ITC and Emami, as it sees the high-revenue trend returning with improving margin comfort in the FMCG space

Nomura rates ITC a buy with target price of Rs 485

At 11:30 am, the stock is trading at Rs 452. 15, up around 1 percent from the previous close.

FMCG companies set for decent growth, margin improvement: Sharekhan

Pre-election year sops and a moderation in inflation should help FMCG companies make a gradual recovery

ITC Q4 preview | Net profit to grow 14%, cigarette volume growth pegged at 13%

Apart from cigarettes, FMCG and hotels businesses are also set to fire. Brokerages expect 15 percent revenue growth for FMCG and 72 percent for hotels on a low Omicron-impacted base

Leading brokerages line up top muhurat picks this Diwali

Analysts believe stocks like Axis Bank, City Union Bank, CAMS, ITC Ltd, M&M, Titan, Jubilant Foodworks and Laurus Labs can generate mid double digit returns in the medium term

ITC plans to broaden dairy products portfolio, tap Bengal's low' milk availability

Per capita availability of milk in West Bengal is 'low', one-third of the national average of 427 grams per day, he said.

Market watch: Raunak Onkar of PPFAS Mutual Fund shares views on HDFC, ITC, Zee stocks

"The only issue with ITC is it is best not to celebrate too soon, let us see how the business performs over a period of time...So although it's a great thing to see a stock moving up and down, but we should not celebrate too early, I would say," he further said.

ITC moves beyond plastic neutrality; sustainably managed over 54,000 tonnes of plastic waste in FY22

The company said its flagship solid waste management programme Well-Being Out of Waste’ (WOW) has so far covered 1.8 crore citizens across 46.7 lakh households in India’s large cities and small towns.

ITC to acquire 16% stake in Mother Sparsh for Rs 20 crore

ITC’s share acquisition of Mother Sparsh will be done on a fully diluted basis and is expected to be completed in two tranches within eight months from the date of execution of the agreements.

HUL, ITC hike soap and detergent prices citing surge in input costs

Wheel detergent powder, Rin bar and Lux soap are among the items whose prices have been revised.