ITC Hotels share price falls 3% as BAT looks to divest stake
1 month, 2 weeks ago

ITC Hotels share price falls 3% as BAT looks to divest stake

Live Mint  

Shares of recently-listed ITC Hotels declined over 3% in intra-day trade on Friday, February 14, after British American Tobacco Plc, the biggest shareholder after ITC, said it will pare its stake in the hotels business by next year. ITC Hotels Share Price Impact ITC Hotels share price following BAT's divestment plans declined 3.44% to the day's low of ₹164.05 apiece. ITC Hotels Ltd's shares were listed on Indian stock exchanges on January 29. The share price of ITC Hotels was ₹188 each when it started trading on the BSE and NSE.

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History of this topic

What should investors expect from the ITC Hotels demerger?
3 weeks, 1 day ago

What should investors expect from the ITC Hotels demerger?

Live Mint  

New Delhi: 29 January was meant to be a special date for ITC Hotels, one that marked a new beginning. “Amid sectoral tailwinds, we expect ITC Hotels’ India occupancy to ramp up from 69% in FY24 to 75% in FY27," it added. Asset-light strategy Amid a flurry of expansion by its rivals in the hospitality industry, ITC Hotels, with a …

ITDC share price zooms 14% on Ashok Hotel’s asset monetisation buzz
3 weeks, 2 days ago

ITDC share price zooms 14% on Ashok Hotel’s asset monetisation buzz

Live Mint  

Stock market today: Shares of India Tourism Development Corporation witnessed strong buying during the early morning session on Wednesday. ITDC share price today opened upside at ₹524.50 per share and touched an intraday high of ₹589 apiece within a few minutes of the Opening Bell. According to stock market experts, ITDC shares are skyrocketing in early morning deals after the …

ITC Hotels set for growth: Jefferies initiates with ‘buy’, sets target at ₹240, a potential upside of 40%
1 month, 2 weeks ago

ITC Hotels set for growth: Jefferies initiates with ‘buy’, sets target at ₹240, a potential upside of 40%

Live Mint  

Foreign brokerage Jefferies has initiated coverage on ITC Hotels Ltd, the demerged hotels business of ITC, with a 'Buy' rating, citing potential for a valuation rerating. Earnings and Valuation Outlook Jefferies estimates ITC Hotels’ EBITDA and PAT to grow at a compounded annual rate of 16 percent and 19 percent, respectively, over FY24-27. Jefferies further projects ITC Hotels’ revenue to …

ITC weathers cost storm, profit tops estimates
1 month, 3 weeks ago

ITC weathers cost storm, profit tops estimates

Live Mint  

New Delhi: ITC Ltd’s net profit for the December quarter topped market estimates, even as the company faced escalation in costs of key input materials such as leaf tobacco and edible oil, among others. Meanwhile, standalone Q3 revenue from operations grew 8.4% to ₹18,290.24 crore from ₹16,864.34 crore in the same quarter of FY24, led by growth in the company’s …

ITC Hotels shares to be removed from Sensex and other BSE indices today
1 month, 3 weeks ago

ITC Hotels shares to be removed from Sensex and other BSE indices today

Live Mint  

ITC Hotels share price will be in focus on Wednesday as the stock will be removed from Sensex and other BSE indices before trading begins on today, February 5, 2025. As the ITC Hotels shares did not hit lower circuit till the cut-off time on Tuesday, February 04, 2 pm, it will be removed from the BSE indices. Additionally, ITC …

Two days after public debut, ITC Hotels shrugs off listing volatility
1 month, 4 weeks ago

Two days after public debut, ITC Hotels shrugs off listing volatility

Live Mint  

Shares of ITC Hotels made their much-anticipated debut on the stock exchanges on 29 January following its demerger from parent company ITC Ltd. According to ITC’s exchange filing, the total acquisition cost was split, with ITC shares retaining 86.49% of their pre-demerger value and ITC Hotels accounting for 13.51%. In Q2FY25, ITC Hotels reported 12% year-on-year revenue growth, with its …

ITC Hotels lists on stock exchanges; shares decline 5 pc on BSE
Trending News
1 month, 3 weeks ago

ITC Hotels lists on stock exchanges; shares decline 5 pc on BSE

Live Mint  

New Delhi, Shares of ITC Hotels Ltd, the demerged hotels business of FMCG conglomerate ITC Ltd, on Wednesday slipped up to 5 per cent in its debut on the stock exchanges. Separately, ITC, in a regulatory filing, informed that ITCHL received approval from the National Stock Exchange of India Ltd and BSE Ltd for listing and trading of its equity …

ITC Hotels debuts on bourses; plans to expand portfolio to over 200 properties in 5 years
Trending News
1 month, 3 weeks ago

ITC Hotels debuts on bourses; plans to expand portfolio to over 200 properties in 5 years

Live Mint  

New Delhi, Jan 29 ITC Hotels -- the new entity after the demerger of the hotels business of diversified conglomerate ITC Ltd that listed on the stock exchanges on Wednesday -- said it plans to expand its portfolio to over 200 hotels over the next five years. "Debuting with a zero-debt balance sheet and a cash/cash equivalents of ₹1,500 crore …

ITC Hotels Share Price: Debuts on bourses, set to expand portfolio to over 200 hotels in 5 years
1 month, 4 weeks ago

ITC Hotels Share Price: Debuts on bourses, set to expand portfolio to over 200 hotels in 5 years

The Hindu  

ITC Hotels, the new entity formed consequent to the demerger of ITC’s hospitality business, got listed on the stock exchanges on Wednesday, and with it, also announced plans to expand its portfolio to over 200 hotels in five years. From the more than 140 properties with 13,000 keys across 90 plus locations it operates now, the plan is to expand …

ITC Hotels shares list at 30% discount, debuting at ₹180 after last year's demerger
Top News
1 month, 4 weeks ago

ITC Hotels shares list at 30% discount, debuting at ₹180 after last year's demerger

Hindustan Times  

ITC Hotels Ltd shares got listed at a discovery price of ₹180 per share on the National Stock Exchange on Wednesday, January 29, 2025. Also 60% of ITC Hotels is still owned by ITC, while 40% was distributed to other shareholders in the aforementioned ratio. This is a discount of nearly 31% from its implied price of ₹260 per share …

ITC Hotels share price: Demerged hotel biz to list on BSE, NSE today, check details
1 month, 4 weeks ago

ITC Hotels share price: Demerged hotel biz to list on BSE, NSE today, check details

Hindustan Times  

ITC Hotels share price: ITC Hotels will be making its debut on the Bombay Stock Exchange and the National Stock Exchange on Wednesday, January 29, 2025, according to its regulatory filing. ITC Hotels share price: Surrounded by the Aravalis, Mementos by ITC Hotels, Ekaaya offers stunning vistas of the verdant valley below, while the sky complements its beauty. 1) ITC …

ITC Hotels share price: Stock lists at 30% discount on NSE
1 month, 4 weeks ago

ITC Hotels share price: Stock lists at 30% discount on NSE

India Today  

Shares of ITC Hotels listed at a discount of 30% on Thursday, opening at Rs 180 on the national stock exchange, to the discovered price of Rs 260 per share. ITC Hotels shares opened at Rs 188 on the Bombay Stock Exchange, to the discovered price of Rs 270 per share. The listing price of ITC Hotels shares was lower …

ITC Hotels Listing: Check listing date, cost of acquisition of ITC shares, other key details
2 months ago

ITC Hotels Listing: Check listing date, cost of acquisition of ITC shares, other key details

Live Mint  

ITC Hotels listing: ITC has announced the listing date of its demerged hotels business. The cigarettes-to-FMCG conglomerate has also issued general guidance towards apportionment of the cost of acquisition of the ordinary ITC shares and ITC Hotels shares. This means that for every 10 shares of ITC held by shareholders as of January 6, they would receive one share of …

ITC Hotels to list on BSE, NSE tomorrow. Check eligibility and other key details
2 months ago

ITC Hotels to list on BSE, NSE tomorrow. Check eligibility and other key details

India Today  

ITC Ltd announced in a recent exchange filing that ITC Hotels is set to be listed on the Bombay Stock Exchange and National Stock Exchange on Wednesday, January 29. This means that those shareholders who, as of January 6, 2025, owned 10 shares of ITC, will get one share of ITC Hotels. On January 11, ITC Ltd. allotted equity shares …

ITC Hotels to list on NSE & BSE on January 29; details here
2 months ago

ITC Hotels to list on NSE & BSE on January 29; details here

Live Mint  

Kolkata-based diversified conglomerate ITC Ltd announced on Monday that ITC Hotels, which was recently spun off from the parent company, will be listed on the stock exchanges on January 29. "ITCHL has received approval from the National Stock Exchange of India Limited and BSE Limited for listing and trading of its equity shares effective 29th January 2025," ITC said in …

ITC Demerger: Analysts remain optimistic amid strategic restructuring, see up to 29% upside potential in shares
2 months, 3 weeks ago

ITC Demerger: Analysts remain optimistic amid strategic restructuring, see up to 29% upside potential in shares

Live Mint  

ITC Demerger: Indian conglomerate ITC shares finally traded ex-demerger on Monday, January 6, reflecting the separation of the hotel business. Key Details of the Demerger Demerger Ratio: ITC Hotels’ demerger ratio is 1:10, meaning shareholders will receive one share of ITC Hotels for every 10 ITC shares held. Analysts Weigh In The demerger of ITC Hotels is viewed as a …

ITC share price adjusts ₹27 lower after trading ex-hotels business. Buy or sell?
2 months, 3 weeks ago

ITC share price adjusts ₹27 lower after trading ex-hotels business. Buy or sell?

Live Mint  

ITC shares are now trading ex-demerger, which means the value of ITC shares are now ex-hotels business. At the end of a special trading session for the price discovery of ITC Hotels on stock exchanges BSE and NSE, the market has assigned ITC share price of ₹455.60. ITC Hotels share price will be calculated based on the difference between the …

Explained: Why ITC share price fell by 6% today as ITC Hotel to list separately
2 months, 3 weeks ago

Explained: Why ITC share price fell by 6% today as ITC Hotel to list separately

India Today  

ITC share price saw a sharp drop of nearly 6% in Monday's early trading, hitting a low of Rs 455. A special pre-open session was conducted on the stock exchanges between 9:00 AM and 9:45 AM to determine ITC Hotels' share price. Based on this, ITC Hotels' share price was discovered at Rs 27 per share on the BSE and …

ITC share price dips ahead of ITC Hotels demerger record date. Should you buy?
2 months, 3 weeks ago

ITC share price dips ahead of ITC Hotels demerger record date. Should you buy?

Live Mint  

ITC share price dropped more than a percent on Friday ahead of its demerger record date next week. The company has set ITC Hotels demerger record date as January 6 and ITC shares will turn ex-date for the demerger on that day. This means ITC shareholders whose names will appear in the company’s books as of Monday, January 6 record …

ITC Hotels Demerger: Stock price calculation, F&O entry to MSCI index inclusion - 6 key things to know
2 months, 3 weeks ago

ITC Hotels Demerger: Stock price calculation, F&O entry to MSCI index inclusion - 6 key things to know

Live Mint  

ITC Hotels Demerger: ITC share price traded marginally higher on Wednesday, January 1, as today is the effective date for the demerger of ITC Hotels business. As the ITC Hotels demerger has been effective today, here are other key things to know about the demerger: ITC Hotels Stock Price; ITC Share Price Valuation ITC Hotels share price will be calculated …

ITC Hotels demerger: Effective date tomorrow. Record date, price, ratio, funding, cash infusion, other details
2 months, 4 weeks ago

ITC Hotels demerger: Effective date tomorrow. Record date, price, ratio, funding, cash infusion, other details

Live Mint  

ITC Hotels Demerger: ITC share price will remain in focus this week as the demerger of its ITC Hotels will come into effect from tomorrow. Here are key details of ITC Hotels demerger: ITC Hotels Demerger Key Details ITC Hotels Demerger Record Date: ITC Hotels demerger record date is January 6. This means ITC shareholders whose names will appear in …

ITC Hotels demerger: Effective date tomorrow. Record date, price, ratio, funding, cash infusion, other details
2 months, 4 weeks ago

ITC Hotels demerger: Effective date tomorrow. Record date, price, ratio, funding, cash infusion, other details

Live Mint  

ITC Hotels Demerger: ITC share price will remain in focus this week as the demerger of its ITC Hotels will come into effect from tomorrow. Here are key details of ITC Hotels demerger: ITC Hotels Demerger Key Details ITC Hotels Demerger Record Date: ITC Hotels demerger record date is January 6. This means ITC shareholders whose names will appear in …

Stock Check: ITC’s demerger announcement sparks investor interest: What’s next for the conglomerate?
3 months, 1 week ago

Stock Check: ITC’s demerger announcement sparks investor interest: What’s next for the conglomerate?

Live Mint  

ITC, a leading multi-industry conglomerate, has garnered significant attention following its announcement to demerge its hotel business, set to take effect on January 1, 2025. After the demerger, ITC will retain a 40 per cent stake in ITC Hotels, while the remaining 60 per cent will be distributed to shareholders. ITC's Stock Performance Overview Despite the positive developments, ITC’s stock …

ITC fixes January 6 as record date for demerger of its hotels business
3 months, 1 week ago

ITC fixes January 6 as record date for demerger of its hotels business

Live Mint  

ITC Hotels Limited and ITC Limited have jointly decided to designate Monday, January 6, 2025, as the Record Date. “We write to advise that the Company and ITC Hotels Limited have mutually agreed to fix Monday, 6 th January, 2025 as the Record Date for the purposes of determining the shareholders of the Company to whom equity shares of ITCHL …

ITC shares rise as ITC Hotels demerger set for January 1, 2025: Key details
Trending News
3 months, 1 week ago

ITC shares rise as ITC Hotels demerger set for January 1, 2025: Key details

India Today  

Shares of ITC inched higher on Tuesday after the company announced that the demerger of its hotels business, ITC Hotels Ltd, will take effect from January 1, 2025. DETAILS OF THE DEMERGER In its update to the exchanges, ITC stated that both ITC Limited and ITC Hotels Limited have confirmed that all conditions required under Clause 28 of the scheme …

ITC sets January 1, 2025 as effective date for demerger of hotel business
3 months, 1 week ago

ITC sets January 1, 2025 as effective date for demerger of hotel business

Live Mint  

ITC Ltd on Tuesday said that the company has fixed January 1, 2025, as the effective date for demerger of its hotel business after receiving an approval order from the National Company Law Tribunal. ITC share price gained over a percent to ₹475.00 apiece on the BSE after the announcement. “The Company has received a certified copy of the Order …

ITC sets January 1, 2025 as effective date for demerger of hotel business
3 months, 1 week ago

ITC sets January 1, 2025 as effective date for demerger of hotel business

Live Mint  

ITC Ltd on Tuesday said that the company has fixed January 1, 2025, as the effective date for demerger of its hotel business after receiving an approval order from the National Company Law Tribunal. In a stock exchange filing, ITC Ltd said that the Kolkata Bench of the National Company Law Tribunal had sanctioned the scheme of arrangement between ITC …

Itc Share Price Today on 05-11-2024: Itc share price are down by -0.96%, Nifty up by 0.91%
4 months, 3 weeks ago

Itc Share Price Today on 05-11-2024: Itc share price are down by -0.96%, Nifty up by 0.91%

Live Mint  

Itc Share Price Today on 05-11-2024: At 05 Nov 16:00 today, Itc shares are trading at price ₹480.05, -0.96% down from the previous closing price. On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days …

Itc Shares Price Today: Up 0.05%, Nifty Up 0.21%
5 months ago

Itc Shares Price Today: Up 0.05%, Nifty Up 0.21%

Live Mint  

Itc shares are trading slightly up today, with the stock price closing at ₹481.95. The company has seen a significant increase in volume traded on both NSE and BSE, suggesting a positive price movement. The stock has hit a high of ₹483.15 and a low of ₹479.85 during the day, indicating a trading range of 2.25%. The company has a …

Over 99% of ITC's minority shareholders approve hotel business demerger
9 months, 3 weeks ago

Over 99% of ITC's minority shareholders approve hotel business demerger

Hindustan Times  

ITC’s shareholders approved the plan to separate or demerge the hotel business, Reuters reported. As per media reports, proxy advisory firms Stakeholders Empowerment Services and InGovern Research Services last month asked shareholders to support the demerger proposal, while Institutional Investor Advisory Services opposed the move, the article read. "ITC must provide greater clarity with respect to the size of the …

Minority shareholders to benefit from ITC Hotels demerger, will unlock value and improve return ratio
9 months, 3 weeks ago

Minority shareholders to benefit from ITC Hotels demerger, will unlock value and improve return ratio

Live Mint  

Minority shareholders are expected to benefit from the demerger of ITC's hotel business into a separate entity, ITC Hotels, as it may unlock value for them and improve return ratios of the FMCG major, as per reports of four proxy advisory firms. The reports from proxy advisory firms, including InGovern Research Services, ISS and SES, come ahead of the June …

ITC’s shares jumps as BAT’s $2 billion share sale sails through
1 year ago

ITC’s shares jumps as BAT’s $2 billion share sale sails through

The Hindu  

Indian FMCG and tobacco giant ITC's shares jumped more than 8% on March 13, after top shareholder British American Tobacco's $2 billion stake sale in the company went through smoothly, removing a key overhang on the stock. In India’s third-largest block deal, BAT completed the sale of 436.9 million shares, or roughly 3.5% of ITC’s outstanding shares, for about $2 …

Why ITC share price rose over 8% today, biggest single-day gain since Sept 2021
1 year ago

Why ITC share price rose over 8% today, biggest single-day gain since Sept 2021

Hindustan Times  

ITC share price today: ITC share price rose over 8% today after it was reported that a block deal in which British American Tobacco Plc was likely to be the seller of ITC shares. ITC share price today: Around 43.7 crore ITC shares, amounting to 3.5% of the total equity of the company, changed hands in a block deal. British …

BAT likely to sell 3.5% stake in ITC for Rs 17K crore on Wednesday
1 year ago

BAT likely to sell 3.5% stake in ITC for Rs 17K crore on Wednesday

Business Standard  

British American Tobacco, the multinational company that makes and sells cigarettes, tobacco and other nicotine products, on Tuesday said it planned to sell up to 3.5 per cent in ITC by way of block deals on Wednesday. BAT has offered a 5 per cent discount to investors with the block deal price band ranging from Rs 384 to Rs 400.25 …

BAT to offload 3.5% stake in ITC via block trade; details here
1 year ago

BAT to offload 3.5% stake in ITC via block trade; details here

Live Mint  

BAT PLC announced on Tuesday its plans to divest up to a 3.5 percent stake in India's ITC Ltd to institutional investors through a block trade. Through its wholly-owned subsidiary, Tobacco Manufacturers Ltd, BAT aims to sell up to 43,68,51,457 ordinary shares in ITC Ltd via an accelerated bookbuild process, subject to standard closing conditions. Additionally, the statement by ITC …

ITC shares fall over 2% as BAT looks to sell stake as soon as this week
1 year ago

ITC shares fall over 2% as BAT looks to sell stake as soon as this week

Live Mint  

ITC share price fell over 2% in early trade on Monday after reports that British American Tobacco Plc was looking to sale of part of its stake in the Indian partner as soon as this week. The London-listed BAT has been in talks with Bank of America Corp. and Citigroup Inc. for the potential divestment of ITC shares worth around …

BAT's stake sale in ITC is almost here
1 year ago

BAT's stake sale in ITC is almost here

Live Mint  

MUMBAI : British American Tobacco Plc is preparing for its long-awaited stake sale in ITC Ltd in the next two weeks, two people aware of the matter said. The stake sale follows BAT chief executive Tadeu Marroco’s 8 February statement during the company’s earnings call that the company was focussed on improving its “financial flexibility". BAT has so far resisted …

ITC shares drop over 4% as BAT says working towards monetising some of its stake
1 year, 1 month ago

ITC shares drop over 4% as BAT says working towards monetising some of its stake

Live Mint  

ITC share price traded over 4% lower on Thursday as its largest shareholder BAT is working towards offloading some of its stake in the cigarette-to-hotels conglomerate. Our shareholding in ITC has existed in one way or another since the early 1900s and is subject to numerous share capital changes and regulatory restrictions,” BAT said. BAT also highlighted that the Group’s …

ITC Q1 net profit rises 16% to ₹5,180 crore
1 year, 7 months ago

ITC Q1 net profit rises 16% to ₹5,180 crore

The Hindu  

Diversified entity ITC Ltd. on Monday reported a 16.08% rise in consolidated net profit to ₹5,180.12 crore for the first quarter ended June. During the June quarter, revenue from the "total FMCG" segment, which also includes cigarettes, surged 13.46% to ₹13,528.37 crore. "The Businesses continued to drive improvement in profitability through multi-pronged interventions viz premiumisation, supply chain optimisation, judicious pricing …

ITC Q1 Results Highlights: Net profit rises 17.5% to ₹4,902 cr; board approves 25% stake in Maharaja Resort
1 year, 7 months ago

ITC Q1 Results Highlights: Net profit rises 17.5% to ₹4,902 cr; board approves 25% stake in Maharaja Resort

Live Mint  

ITC Q1 Results Live: ITC Ltd announce its April-June quarter results for fiscal 2023-24 on August 14, reporting a rise of 17.5 per cent in standalone net profit at ₹4,902 crore, compared to ₹4,169.38 crore in the corresponding period last year. ITC Q1 Results Live: Hotel biz demerger: approvals and timelines View Full Image Timelines of listing ITC hotels ITC …

ITC-ITC Hotels demerger to unlock value for company, says Nuvama Equities
1 year, 7 months ago

ITC-ITC Hotels demerger to unlock value for company, says Nuvama Equities

Live Mint  

Domestic brokerage, Nuvama Institutional Equities in its recent report highlighted key points from the recent ITC analyst call following ITC and ITC Hotels demerger. The domestic brokerage reported after the ITC analyst call that the demerger of the hotel division creates value for current ITC shareholders. The newly formed company and ITC will both have West Bengal registered offices, hence …

ITC shares snap three-day losing run, rebound 2% as street sees positives in hotel business demerger
1 year, 8 months ago

ITC shares snap three-day losing run, rebound 2% as street sees positives in hotel business demerger

News 18  

Snapping its three-day losing run, cigarettes-to-hotels conglomerate ITC shares rebounded by more than 2% in Wednesday’s trade. ITC shares declined nearly 6% in the three sessions after the company announced a proposal to demerge the hospitality business into a separate company named ITC Hotels Ltd. Shares of the company closed 1.85% lower at Rs 462.20 apiece on BSE on Tuesday …

ITC hotels unit stock expected to be valued in ₹15-27 range
1 year, 8 months ago

ITC hotels unit stock expected to be valued in ₹15-27 range

Live Mint  

Brokerages forecast ITC Hotels' share price to range between ₹15 to ₹27 after demerging its hotel operations into a new firm, named ITC Hotels where it will hold 40% ownership and the remaining 60% will be controlled by shareholders directly. The National Company Law Tribunal's scheme of arrangement was given in principle permission by the ITC board on Monday to …

ITC share price continues to fall for second day after hotel unit demerger
1 year, 8 months ago

ITC share price continues to fall for second day after hotel unit demerger

Live Mint  

ITC share price continued its downward movement for the second staright day on July 25, a day after the company officially announced the demerger of its hotel business. “After due consideration, the board accorded its in-principle approval to the demerger of the hotels business under a scheme of arrangement, with the company holding a stake of about 40 per cent …

Why ITC shares fell 4% after hotel business demerger announcement? - Explained
1 year, 8 months ago

Why ITC shares fell 4% after hotel business demerger announcement? - Explained

Live Mint  

ITC officially announced the demerger of its hotel business on Monday, putting all the rumours to rest. “After due consideration, the board accorded its in-principle approval to the demerger of the hotels business under a scheme of arrangement, with the company holding a stake of about 40 per cent in the new entity and the balance shareholding of about 60 …

ITC board gives in-principle nod for demerger of hotels business
1 year, 8 months ago

ITC board gives in-principle nod for demerger of hotels business

Live Mint  

ITC Ltd. board has given in-principle approval for the demerger of its hotels business and to incorporate a wholly owned subsidiary called ITC Hotels. “After due consideration, the Board accorded its in-principle approval to the demerger of Hotels Business under a scheme of arrangement, with the Company holding a stake of about 40% in the new entity and the balance …

ITC’s demerger for hotel biz underway; shares hit 52-week high; check details
1 year, 8 months ago

ITC’s demerger for hotel biz underway; shares hit 52-week high; check details

Live Mint  

Shares of ITC Ltd rallied over three per cent to hit a 52-week high of ₹480.60 after media reports stated that the company's demerger process for its hotel business is now underway. ITC's hotel business demerger has been cited as one of the key triggers for further potential upside on the stock by analysts. Last year, Chairman and Managing Director …

ITC Share Gains 5% Post Q4 Results, Stocks Hit 3-Year High; Should You Buy?
2 years, 10 months ago

ITC Share Gains 5% Post Q4 Results, Stocks Hit 3-Year High; Should You Buy?

News 18  

Shares of ITC hit a 3 year high in Thursday’s opening deals after the FMCG major posted 12 per cent growth in net profit to Rs 4,195 crore for the January-March period, compared with Rs 3,755 crore a year ago. Staples and Convenience Foods remained resilient even as the pace of revenue growth witnessed moderation on a relatively high base,” …

ITC’s net profit rises 12.6% to ₹3,174 cr in June quarter
5 years, 7 months ago

ITC’s net profit rises 12.6% to ₹3,174 cr in June quarter

Live Mint  

New Delhi: ITC Ltd, India’s largest cigarette maker, on Friday reported 12.6% increase in its June quarter stand-alone profit, in line with Street estimates. Segmental revenue at the company’s FMCG-others business, which includes packaged food and personal care products, grew 6.6% to ₹3,060 crore; the segment’s EBIT grew 55% to ₹78.02 crore. “Cigarette revenue and volumes growth was moderate, while …

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