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I T C Limited
Sector:Cigarettes Cigarettes - Cigarettes
BSE:500875NSE:ITCBloomberg:ITC@INReuters:ITC.BO
Market Lot: 1Face Value: 1ISIN Demat: INE154A01025
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18-Jul-2017
Business Profile
ITC (ITC) is the largest private sector cigarette company with a diversified portfolio comprising hotels, paperboards & specialty papers, packaging, agri-business, packaged foods and confectionery, branded apparel, greeting cards and other FMCG products. ITC is the market leader in its businesses of cigarettes, hotels, paperboards, packaging and agri-exports.

ITC`s diversified status originates from its corporate strategy aimed at creating multiple drivers of growth anchored on its time-tested core competencies i.e., its distribution reach, brand-building capabilities, effective supply chain management and service skills in hoteliering. ITC`s agri-business is one of the country`s biggest FOREX earners with exports of over USD 2 billion. The company`s e-Choupal initiative has also proved to be successful exercise evolved around empowering the farmer. This transformational strategy, which has already become the subject matter of a case study at Harvard Business School, is expected to progressively create for ITC a huge rural distribution infrastructure.

It has entered into retailing of apparels leveraging its trademark brands such as Wills, Wills Classic and John Player. ITC`s hotels business comprises 40 owned and managed properties spread across India. It also has marketing and reservation arrangement with the Sheraton Corporation, the reputed international hotel chain.

ITC is planning to invest around USD 1 billion in strengthening its e-Choupal infrastructure in the next 7-10 years. The company also plans foray into the denim wear for expansion of its apparel business. Further, it has plans of Rs 25,000 million investment in contract farming in Punjab. This will mark the company`s entry in agri-retail in the near future.

Financials
The company announced rise of 12.13% in consolidated net profit on y-o-y basis to Rs 26.70 billion, while total income fell 0.00% y-o-y basis to Rs 0.00 million for the quarter ended March 2017.

Recent Developments
26-MAY-17
ITC announced a steady growth in Standalone net profit for the quarter ended March 2017. During the quarter, the profit of the company rose 12.13% to Rs 26,695.00 million from Rs 23,807.00 million in the same quarter previous year.

26-OCT-16
ITC disclosed a steady growth in standalone net profit for the quarter ended September 2016. During the quarter, the profit of the company rose 10.50% to Rs 25,000.30 million from Rs 22,625.00 million in the same quarter previous year.

22-JUL-16
ITC announced a steady growth in standalone net profit for the quarter ended June 2016. During the quarter, the profit of the company rose 10.09% to Rs 23,846.70 million from Rs 21,660.90 million in the same quarter last year.

29-JUN-16
FMCG major ITC has announced that it will invest Rs 40 billion over the next 2-3 years to set up 8-9 factories across the country towards manufacture of Food Products. ITC's branded packaged foods division grew by ~11% to clock sales of Rs 70.97 billion in FY2016.

20-MAY-16
FMCG major ITC, announced a small rise in standalone net profit for the quarter ended March 2016. During the quarter, the profit of the company rose 5.68% to Rs 24,952.00 million from Rs 23,611.80 million in the same quarter last year.

06-MAY-16
Chartered Logistics announced that the has secured new contract worth Rs 100 million from ITC, to be executed in one year.

22-JAN-16
ITC announced a marginal rise in standalone net profit for the quarter ended December 2015. During the quarter, the profit of the company rose 0.68% to Rs 26,528.20 million from Rs 26,350.00 million in the same quarter previous year.

08-DEC-15
FMCG major ITC announced that Greenacre Holdings (GHL) has acquired 87.06% of the equity share capital of Classic Infrastructure & Development (CIDL - an associate of Russell Credit (RCL)), at an aggregate consideration of Rs 113.8 milllion. GHL is a wholly owned subsidiary of RCL, which a wholly owned subsidiary of ITC.



In Brief

 
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