ITC profit jumps, beats estimates
15 years, 5 months ago

ITC profit jumps, beats estimates

Live Mint  

Kolkata: ITC Ltd, the country’s biggest cigarette manufacturer, on Friday said net profit rose 25.8% to Rs1,009.91 crore in the quarter ended September from the year-ago period, driven largely by a 21.35% increase in revenues from cigarette sales. Revenues from the hotel business, however, declined 23.77% from last year to Rs186.28 crore because of poor occupancy and average room tariff, ITC said in a press statement. “At the beginning of the year, ITC had taken a lot of steps to rationalize costs in all its businesses,” said Anand Shah, research analyst at Angel Broking Ltd. “The results are visible.” Analysts estimate cigarette sales to have grown by volume too during the quarter till September. Pre-tax profit from the agri-business during the quarter more than doubled to Rs174.08 crore from Rs76.40 crore, largely due to robust sales of leaf tobacco, ITC said.

Business Profit Crore Last Year Stores Itc Chand Revenues Cigarette Sales Quarter Till  revenues  profit  crore  jumps160beats  lifestyle  quarter  till  business  stores  itc  higher  estimates

History of this topic

ITC profit declines 7.27 pc to ₹5,013 cr in Q3 over subdued demand, surge in input costs
1 month, 3 weeks ago

ITC profit declines 7.27 pc to ₹5,013 cr in Q3 over subdued demand, surge in input costs

Live Mint  

New Delhi, Diversified entity ITC Ltd on Thursday reported a 7.27 per cent decline in consolidated net profit to ₹5,013.16 crore for the December quarter on account of subdued demand and sharp escalation in input costs. During the quarter, ITC's revenue from the 'total FMCG' segment, which also includes the cigarettes business, was up 6.35 per cent to ₹14,372.53 crore. …

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 profit increases 1.8 per cent to Rs 5K crore; revenue rises 15.6 per cent
5 months, 1 week ago

ITC profit increases 1.8 per cent to Rs 5K crore; revenue rises 15.6 per cent

New Indian Express  

NEW DELHI: Diversified entity ITC Ltd on Thursday reported an 1.8 per cent increase in consolidated net profit to Rs 5,054.43 crore for the second quarter ended September 2024. ITC’s revenue from operations jumped 15.62% to Rs 22,281.89 crore in the September quarter. The total expenses were 20.92 per cent higher in the September quarter to Rs 6,056.86 crore. ITC’s …

ITC June quarter profit flat at ₹4,917 cr, revenue rises 7.2% to ₹18,220 cr
8 months ago

ITC June quarter profit flat at ₹4,917 cr, revenue rises 7.2% to ₹18,220 cr

Live Mint  

New Delhi: ITC Ltd on Thursday missed Street estimates, with a mere 0.30% rise in standalone net profit in the June quarter, on account of higher expenses. Cigarette business and FMCG business faired well with 6-7% revenue growth and better margins, while agri and paperboard, paper & packaging saw dip in the profitability, impacting overall margins of the company. Meanwhile, …

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 …

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 net profit likely to rise 16%, revenue may remain flat YoY
1 year, 7 months ago

ITC Q1 net profit likely to rise 16%, revenue may remain flat YoY

Live Mint  

ITC Ltd, the diversified conglomerate, is set to declare its Q1 results today. The cigarette manufacturer is expected to see decent double digit growth in the net profit for the first quarter of FY24, while its revenue is likely to remain flat on a year-on-year basis. ITC Q1 net profit is expected to rise 16.7% on-year to ₹4,886 crore led …

ITC becomes India's most valuable FMCG stock ousting the country's Unilever unit
1 year, 8 months ago

ITC becomes India's most valuable FMCG stock ousting the country's Unilever unit

Hindustan Times  

Asia’s largest cigarette maker ITC Ltd. is set to reclaim its position as India’s most valuable fast-moving consumer goods stock after ousting Hindustan Unilever Ltd. from the spot. ITC, which primarily makes money by selling cigarettes but also holds interests in hotels, paper and consumer staples industries, saw its valuation jump above 6.1 trillion rupees for the first time ever …

ITC shares hit fresh 52-week high; should you buy?
1 year, 10 months ago

ITC shares hit fresh 52-week high; should you buy?

Live Mint  

The bullish run of ITC shares remains unabated as they rose nearly 2 per cent in morning trade to hit their fresh 52-week high of ₹442.50 on BSE on Thursday, looking set to extend its winning streak into the fifth consecutive session. The company outperformed analyst expectations with a 21.4 per cent surge in standalone net profit for the March …

ITC profit up 21% in Q4 as cigarette sales rise
1 year, 10 months ago

ITC profit up 21% in Q4 as cigarette sales rise

Live Mint  

ITC Ltd has outperformed analyst expectations with a 21.4% surge in standalone net profit for the March quarter, on the back of stronger cigarette sales and softening commodity prices. The company, known for its Gold Flake cigarettes and Bingo chips, reported a net profit of ₹5,086.86 crore for the quarter ended 31 March, up from ₹4,190.96 crore a year ago. …

ITC’s cigarettes biz growth prospectus intact despite new tax. Here’s why
1 year, 11 months ago

ITC’s cigarettes biz growth prospectus intact despite new tax. Here’s why

Live Mint  

FMCG major, ITC emerged as the top underperforming stock on Monday. In its latest note on ITC, Sharekhan said, "recent amendment in the Finance Bill 2023 on tobacco/tobacco products is unlikely to have any material impact on tax rates on cigarettes. Brokerage's note added, "ITC is expected to maintain its volume growth momentum in the cigarette business, given no price …

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 share gains over 4% to hit 52-week high; to pay Rs 6.25 dividend
2 years, 10 months ago

ITC share gains over 4% to hit 52-week high; to pay Rs 6.25 dividend

India TV News  

Highlights ITC has reported 11.60% rise in its consolidated net profit to Rs 4,259.68 crore for Q4 ITC will pay a final dividend of Rs 6.25 per ordinary share of face value Re 1 each for FY22 ITC Results, ITC Share Dividend News: ITC share prices jumped over 4 per cent to hit a 52-week high of Rs 279.25 on …

ITC Q1 Result: Profit up 30.24%, revenue rises 35.9% as segments rebound
3 years, 8 months ago

ITC Q1 Result: Profit up 30.24%, revenue rises 35.9% as segments rebound

India TV News  

ITC Ltd has reported a 30.24 per cent jump in its consolidated net profit to Rs 3,343.44 crore for the first quarter ended June 2021 lead by a "strong rebound" in operating segments. During the April-June quarter, revenue from total FMCG business was Rs 9,534.07 crore, up 23.68 per cent, as against Rs 7,708.89 crore in the year-ago period. FMCG …

There is neither smoke nor fire in ITC’s June quarter financial results
5 years, 7 months ago

There is neither smoke nor fire in ITC’s June quarter financial results

Live Mint  

Cigarette-to-soap maker ITC Ltd’s shares touched a new 52-week low of ₹257.65 on the National Stock Exchange on Monday. Volume growth of its mainstay cigarettes business, which accounted for as much as 86% of the company’s overall June quarter Ebit is a key disappointing factor. “ITC’s Q1FY20 missed slightly operationally as cigarette volumes grew 3% year-on-year, and cigarette Ebit grew …

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 …

ITC's net profit rises 18.7% to Rs 3,481.9 cr in March quarter, total income up 14.3%
5 years, 10 months ago

ITC's net profit rises 18.7% to Rs 3,481.9 cr in March quarter, total income up 14.3%

Firstpost  

New Delhi: Diversified group ITC Ltd on Monday reported a 18.72 percent increase in standalone net profit to Rs 3,481.9 crore for the fourth quarter ended 31 March, 2019. ITC’s total income during the quarter under review rose 14.26 percent stood to Rs 12,946.21 crore, compared to Rs 11,329.74 crore in the same period last fiscal, ITC said in a …

ITC clocks 4% increase in third quarter profit at Rs 3,209 cr; gross sales revenue up 15.09% to Rs 11,340 cr
6 years, 2 months ago

ITC clocks 4% increase in third quarter profit at Rs 3,209 cr; gross sales revenue up 15.09% to Rs 11,340 cr

Firstpost  

ITC had posted a net profit of Rs 3,090.20 crore in October-December quarter a year ago, ITC said in a BSE filing. New Delhi: Diversified group ITC on Wednesday reported 3.84 percent increase in standalone net profit at Rs 3,209.07 crore for the third quarter ended 31 December, 2018. The company had posted a net profit of Rs 3,090.20 crore …

Sensex falls sharply as ITC drags
6 years, 2 months ago

Sensex falls sharply as ITC drags

Live Mint  

Indian shares closed lower on Wednesday, dragged by a sharp fall in ITC Ltd after the cigarette-maker reported quarterly results, while IT and financial stocks also contributed to the losses. ITC Q3 profit rises 3.9%, beats estimates ITC Ltd, India's biggest cigarette maker, posted on Wednesday a 3.85% rise in December-quarter profit, boosted by higher cigarette sales. Radico Khaitan Q3 …

ITC Q2 results 2018-19: Smoke signals don’t bring good news
6 years, 5 months ago

ITC Q2 results 2018-19: Smoke signals don’t bring good news

Live Mint  

A long road lies ahead of ITC Ltd. Its shares have risen by a mere 4.5% in the past year, while Hindustan Unilever Ltd’s shares have gained by 22.5%. But then, its segment profit margin declined by 1 percentage point over a year, even though it rose by 1.8 percentage points sequentially. ITC’s FMCG business is doing well with sales …

Agri business, hotels boost ITC profit
6 years, 5 months ago

Agri business, hotels boost ITC profit

The Hindu  

ITC Ltd. closed the second quarter with a 11.9% rise in its net profit to ₹2,954.7 crore on a revenue of ₹11,272.5 crore. FMCG boost ITC said that its FMCG-others segment revenues rose 12.7% with most categories improving their market-standing. Paperboards, paper and packaging segment also saw an increase in profit driven by product mix enrichment, higher realisation, strategic investments …

ITC Q3 net profit up 17% at Rs 3,090.20 cr; FMCG revenue declines 31%
7 years, 2 months ago

ITC Q3 net profit up 17% at Rs 3,090.20 cr; FMCG revenue declines 31%

Firstpost  

ITC’s total income during the October-December quarter stood at Rs 10,579.11 crore New Delhi: Diversified group ITC Ltd on Friday reported a 16.75 percent increase in its net profit at Rs 3,090.20 crore for the quarter ended December 31, 2017. The company had posted a net profit of Rs 2,646.73 crore during the same period previous fiscal, ITC Ltd said …

ITC's July-September quarter net profit spurts 6% to Rs 2,640 cr
7 years, 5 months ago

ITC's July-September quarter net profit spurts 6% to Rs 2,640 cr

Firstpost  

ITC’s total income during the quarter under review was Rs 10,258.13 crore as against Rs 14,091.96 crore in the year-ago period New Delhi: Diversified group ITC Ltd on Friday reported a 5.59 percent increase in its standalone net profit at Rs 2,639.84 crore for the quarter ended September 2017, riding on lower expenses. The company had posted a net profit …

ITC looks to accelerate growth in non-cigarette businesses
7 years, 6 months ago

ITC looks to accelerate growth in non-cigarette businesses

Live Mint  

New Delhi: ITC Ltd, the cigarettes-to-shampoo company, is working on an eight-point strategy to reinvent itself and accelerate growth in its non-cigarette businesses, especially branded consumer packaged foods, a segment it entered 15 years ago, chief executive Sanjiv Puri said. The “create the new ITC” strategy is part of the Kolkata-based company’s plan to reach Rs1 trillion in revenue from …

ITC March quarter net profit up 12% to Rs 2,669.47 cr
7 years, 10 months ago

ITC March quarter net profit up 12% to Rs 2,669.47 cr

Firstpost  

ITC stock was trading at Rs 308.20 on BSE in the afternoon trade, up 2.84 percent New Delhi: Diversified firm ITC today reported a 12.13 percent increase in standalone net profit to Rs 2,669.47 crore for the fourth quarter of 2016-17, driven by revenue growth in agri commodities, branded packaged foods and personal care products businesses. ITC’s net sales during …

ITC's spectacular Q4 cigarette, non-cigarette growth triggers 7.5% surge in stock
8 years, 10 months ago

ITC's spectacular Q4 cigarette, non-cigarette growth triggers 7.5% surge in stock

Firstpost  

In early trade, the ITC counter notched up gains of 7.5 percent to touch a high of Rs 354.75 before losing some ground thereafter The BSE-30 share benchmark Sensex erased most of its early gains to trade marginally higher, but shares of cigarette-to-FMCG major ITC continue to outperform broader markets following an spectacular fourth quarter results announced last week. In …

Taxes crush cigarette volumes at ITC
9 years, 8 months ago

Taxes crush cigarette volumes at ITC

Live Mint  

ITC Ltd is feeling the full brunt of four successive years of tax increases on cigarettes. In end April 2013, just before Unilever Plc announced a voluntary open offer to increase its stake in its Indian subsidiary, ITC’s market capitalization was as much as 2.5 times that of Hindustan Unilever Ltd. While Unilever’s increased interest in its Indian operations, coupled …

ITC to double sales of non-cigarette FMCG biz
11 years, 6 months ago

ITC to double sales of non-cigarette FMCG biz

The Hindu  

ITC is increasingly focussing on its non-cigarette FMCG business, which is now on the path of profitability, with healthy growth rates. Stating this, ITC’s director-in-charge of non-cigarette FMCG business, Kurush Grant, told The Hindu that the share between the cigarette and the non-cigarette business is 58:42 per cent in terms of top line. ITC’s non-cigarette business includes branded packaged foods, …

ITC Vs HUL: Smoking thrills, competition kills
13 years, 8 months ago

ITC Vs HUL: Smoking thrills, competition kills

Firstpost  

On Thursday, the two companies announced their earnings for the quarter ended June 2011. ITC, the listed cigarettes-to-consumer goods conglomerate, saw its shares rise 2 percent, while Hindustan Unilever Ltd, the largest consumer company, saw shares decline 1 percent on Thursday when both announced their June quarter results. ITC, backed by some solid profit growth in cigarettes and hotels, posted …

Discover Related