For centuries, the spice trade has had a whiff of romance about it. In 2020, it also seems to be making good business sense, with plenty of lip-smacking deals.
Shareholders want ITC to restructure its businesses to unlock value but will that be good for the company as well?
Media reports suggest most companies have resumed normal operations from June and witnessed the benefit of pent-up demand. Rural growth has been ahead of urban, and this trend is likely to sustain in FY21.
ITC's gross revenue and PBT (before exceptional items) for FY20 stood at around Rs 46,300 crore and Rs 19,300 crore, respectively
The current pandemic has accelerated manifold the transition to digitalisation that was already moving at high velocity and the company is adopting new-age technologies to stay ahead of the curve, Puri said.
At ITC, there is a shift to larger basket purchases, large value packs with infrequent shopping frequency. Digital shopping surged exponentially even as neighbourhood grocery stores emerged as the lifeline for essential supplies
Puri, who completed a year in office as the company’s chairman this May, has made no bones of the company’s intent to shed its traditionalist approach on acquisitions in the FMCG space, which may well hold pointers of what could be coming.
These subsidiaries are Sunrise Foods, Hobbits International Foods and Sunrise Sheetgrah - acquired in July 2020
In the initial stages of COVID-19 cigarette sales got whacked which was not surprising but what if the effects are visible in the longer run as well
Sanjiv Mehta of Hindustan Unilever still tops the list. Marico’s Saugata Gupta gets the highest hike in FY19-20. We take a look at the salaries of the top executives of FMCG companies.
There was a rising trend of ‘at-home’ as opposed to ‘out-of-home’ consumption. Apart from a thrift mindset, consumers were preferring larger pack formats as they seek to reduce the frequency of purchase
Experts are of the view that there are no visible signs which suggest that investors should ho short but a close below 11299 can be considered as an initial sign of weakness.
Dolat Capital recommended reduce rating on ITC with a target price of Rs 213 in its research report dated August 09, 2020.
In these challenging times, ITC is focused on enhancing capacity of essential products and collaborations to meet consumer needs
Online stores, ecommerce platforms and tie-ups with delivery startsup, FMCG companies are changing the way they make their products available to consumers.
Motilal Oswal recommended Neutral rating on ITC with a target price of Rs 200 in its research report dated July 25, 2020.
HDFC Securities is bullish on ITC has recommended buy rating on the stock with a target price of Rs 236 in its research report dated July 24, 2020.
ICICI Direct is bullish on ITC has recommended buy rating on the stock with a target price of Rs 225 in its research report dated July 25, 2020.
Sharekhan is bullish on ITC has recommended buy rating on the stock with a target price of Rs 250 in its research report dated July 24, 2020.
ITC's plan to distribute around 80-85 percent of its earnings as dividends in the medium term is a positive for valuation
Revenue from cigarettes stood at Rs 3,853.79 crore in Q1FY21, down 29 percent against Rs 5,433.40 crore reported in Q1FY20. Cigarettes EBIT fell 38.8 percent to Rs 2,356.4 crore against Rs 3,849.1 crore YoY.
Dolat Capital recommended reduce rating on ITC with a target price of Rs 213 in its research report dated July 24, 2020.
Prabhudas Lilladher is bullish on ITC has recommended buy rating on the stock with a target price of Rs 262 in its research report dated July 24, 2020.