ITC Ltd. News

NSE: ITC Industry : Cigarettes/Tobacco

ITC inks pact to acquire 16% stake in Mother Sparsh

The said acquisition will, inter alia, enable access to the fast growing D2C space in the 'personal care' category

26 Nov 2021, 14:55 PM

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ITC starts clinical trials of nasal spray for COVID-19 prevention

The company plans to market the nasal spray under the Savlon brand once it gets all the requisite regulatory approvals

25 Nov 2021, 14:37 PM

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ITCas hospitality arm signs first property in Udaipur under new brand amementosa

Ekaaya, spread over 106 acres of land, offers 130 rooms

10 Nov 2021, 11:06 AM

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ITC reports 10% rise in Q2 consolidated net profit

Total consolidated income of the company increased by 11.53% at Rs 15,313.15 crore for Q2FY22

28 Oct 2021, 09:19 AM

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ITCas fragrance brand launches Fragrance Finder: Report

The tool analyses responses to questions on a consumeras likings, gender identity and occasion of usage, and pops up suggestions

18 Oct 2021, 11:29 AM

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ITCas arm accelerates MES implementation and value creation for clients

ITC Infotech partners with clients to accelerate their MES journey while creating sustainable business impact

30 Aug 2021, 14:39 PM

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ITC to invest around $2 billion as part of 'ITC Next' strategy

Besides, ITC is also looking for acquisitions as part of its expansion plans, the spend on which will be over and above its planned investment

13 Aug 2021, 11:44 AM

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ITC to explore opportunities to craft disruptive business models

The company is pursuing an accelerated journey to build a dynamic aFutureTecha enterprise by investing in cutting-edge digital technologies

11 Aug 2021, 14:48 PM

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ITC enters into PPP with several state governments

The company has also entered into 24 technical collaborations with national and global organizations

10 Aug 2021, 12:20 PM

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ITCas hospitality arm inks pact with CII

The partnership aims to launch vocational education training by Switzerland-based hotel school EHL in the hospitality sector

06 Aug 2021, 09:32 AM

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ITC reports 30% rise in Q1 consolidated net profit

Total income of the company increased by 28.80% at Rs 14687.80 crore for Q1FY22

26 Jul 2021, 10:48 AM

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ITC Groupas foreign exchange earnings from exports up 29% in FY21

The foreign exchange earned by ITC was up 31.2 percent to Rs 4,600 crore, mainly on account of exports of agri-commodities

19 Jul 2021, 11:37 AM

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ITC augments investment in e-commerce

Witnessing a shift in consumer behaviour after the pandemic, the Kolkata-based diversified firm has also enhanced its play in the market

14 Jul 2021, 16:59 PM

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ITCas hospitality arm planning to increase number of properties under Welcomhotel brand

ITC Hotels is optimistic about domestic tourism prospects

14 Jun 2021, 10:38 AM

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ITCas arm partners with Washington State University

WSU is a leading research university with academic programs spanning 200+ fields

11 Jun 2021, 12:40 PM

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ITCas hospitality arm launches Welcomhotel Tavleen Chail in Himachal Pradesh

Welcomhotel Tavleen Chail has 65 well-appointed guest rooms, including 18 cottages and a luxury suite

10 Jun 2021, 14:44 PM

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ITC reports 6% rise in Q4 consolidated net profit

Total income of the company increased by 8.95% at Rs 15983.86 crore for Q4FY21

02 Jun 2021, 10:45 AM

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ITC ties up with Linde India to import cryogenic containers to transport oxygen

The initiative is aimed at easing the bottleneck of transporting medical oxygen, and to support the government's efforts

26 Apr 2021, 11:52 AM

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ITC signs MoU with Government of Karnataka

The MoU is a part of ITC's Sustainability 2.0 agenda which encompasses forging meaningful public-private-people partnerships to amplify impact and reach

23 Mar 2021, 10:14 AM

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Today's price summary

Performance Today

Inline with Sector

Trend Reversal

Stock has fallen after 2 days of consecutive gain

Moving Averages

higher than 200 day moving averages but lower than 5 day, 20 day, 50 day and 100 day moving averages

Falling Investor Participation

Delivery Vol of 84.78 lacs on 02 Dec has fallen by -28.55% against 5-day avg delivery vol

High Dividend Yield

4.76% at the current price

Liquidity

Based on 2% of 5 day average traded Value the stock is liquid enough for trade size of Rs 9.51 cr

Stock DNA

1 Years Returns

STOCK

-87.05

SECTOR

-86.72

SENSEX

-70.76

Industry

Cigarettes/Tobacco

MARKET CAP

Rs 2,73,063 Cr

PE (TTM)

19.46

DIVIDEND YIELD

4.76%

Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell

ITC is an Indian business conglomerate with a diversified product portfolio spanning FMCG, personal care, cigarettes and cigars, information technology, hotels, education and stationeries, paperboards and packaging, agri-business, and more. They are among India’s top 10 most valuable private sector companies with a market capitalisation value of USD 14 billion and a turnover of around USD 5 billion.

Company profile 

ITC is more than a century-old company. It started in 1910 in Kolkata as the Imperial Tobacco Company of India, initially to produce cigarettes and tobacco. However, as Indian ownership gradually increased, the name was changed to India Tobacco Company Ltd. in 1970 and I.T.C Ltd. in 1974. The company name went through a final modification in 2001 and became ITC Ltd. 

ITC boasts a multi-business portfolio with a wide range of products. It entered the hospitality business in 1975 by acquiring ITC-Welcome Group Chola. They are also the largest exporter of agricultural products in India. On the technological foray, the company offers IT services and solutions to the global market through a wholly-owned subsidiary, ITC Infotech India Ltd. 

ITC is one of the few companies that have a strong association with the history of India. Incorporated before independence, the company is more than a century old and is strongly nation-oriented at the core. 

  • In 1979, ITC started the paperboard business by promoting ITC Bhadrachalam Paperboards Limited. In 2002, it merged into the ITC group and became a division of the company. ITC Bhadrachalam Paperboards is the leader in the segment with a significant market share. 
  • They started Surya Tobacco Co. in Nepal, a joint venture between India, Nepal and the British American Tobacco Company. In 2002, it became a wholly-owned subsidiary of the group.
  • ITC acquired Tribeni Tissues Limited, a primary supplier of tissue papers to the cigarette industry, in 1990. 
  • ITC began dabbling into the agricultural domain with the Agri-Business Division in 1990, primarily focusing on export. 
  • Their stationery division started in 2000, promoting their in-house brand Classmate. Besides stationeries, it also produces greetings, gisting items, children books, slam books, pens and pencils, geometry boxes under the brand.
  • The company has also forayed into lifestyle retailing with the Wills Sport range, producing relaxed wear and athleisure clothes for men and women in 2000. In the same year, they also started venturing into information technology. 
  • Apart from these, the company also produces food items, confectionery, snacks, and staples.

Company financial performance 

Here is a glimpse of their recent financial performance.

  • ITC reported an increase of 11.1% growth in their revenue and 13.7% growth in PAT year-on-year
  • There is a significant recovery in all segments from a disruptive Q1 performance
  • Their FMCG segment delivered a 23% increase in revenue over Q2 FY20 and 8% sequentially 
  • Net earnings from cigarette selling, its core business, went up by 10.3% year-on-year and by 10.5 % quarter-on-quarter 

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