Itc Cigarette Business

• 

  ITC To Demerge Hotel Business Into Separate Company

  ITC Ltd said on Monday it would spin off its hotels business from the rest of the company, separating it from its cigarettes and food businesses.

• 

  What Happens If ITC Hives Off ITC Infotech

  The cigarette to hotel conglomerate is reportedly mulling the demerger of its software business at a valuation of around Rs 25,000 crore.

• 

  ITC Share Price Plunges 15%, Investors Lose Nearly Rs 60,000 Crore

  ITC shares fell to Rs 276.90 on the Bombay Stock Exchange, which reduced its market value to Rs 3.37 lakh crore.

• 

  Sensex Rises Over 300 Points, Nifty Regains 9,600; ITC Jumps

  ITC shares surged with analysts attributing the sharp move to a more or less status quo in terms of taxation on cigarettes in the new GST regime.

• 

  GST Rollout Boosts Nifty, ITC Surges 6%

  ITC shares surged with analysts attributing the sharp move to a more or less status quo in terms of taxation on cigarettes in the new GST regime.

• 

  ITC Profit Ticks Up 6%, Cigarette Business Under Strain

  The company had posted a net profit of Rs 2,503.76 crore during the same period last fiscal.

• 

  India's Biggest Cigarette Maker ITC Criticizes Big Health Warnings On Packs

  ITC criticized the government's decision to impose bigger health warnings on cigarette packets, saying there was little evidence to link smoking to diseases depicted in those pictures.

• 

  ITC's Cigarette Business Snaps 12-Quarter Declining Trend, Shares Rally

  ITC shares jumped 7 per cent near their 52-week high on Monday, tracking the tobacco major's March quarter earnings.

• 

  ITC To Resume Cigarette Production Amid Pictorial Warning Row

  Country's biggest cigarette maker ITC Ltd said it would resume production at its factories "consequent upon" a favourable court order, two weeks after it decided to shutter its plants over the government's stringent new packaging rules.

• 

  ITC to Keep Cigarette Factories Shut Over Health Warning Rules

  ITC Ltd, India's top cigarette maker, said it was not ready to print bigger health warnings on its packs as mandated by the government and will keep its factories shut until clarity emerges on the new rules.

• 

  ITC's Cigarette Volumes Dip Again, Shares Hit

  ITC's cigarette business, which contributes nearly 50 per cent to overall sales, has been hit by repeated hike in value added tax (VAT) and excise duty over the last few quarters. The company has resorted to price hikes to sustain margins, which has also impacted volumes.

• 

  ITC Elevates Sanjeev Puri as Director FMCG

  Mr Puri is currently president of ITC's FMCG businesses which includes cigarettes, foods, personal care, education & stationery products, matches and agarbattis.

• 

  ITC Shares Slump 5% on Q2 Profit Miss

  Traders told NDTV that ITC reported a bigger decline in cigarette volumes than expected, which is a major disappointment. Analysts expected ITC's cigarettes volume to dip by 12 per cent in the quarter on high base. The tobacco business contributes nearly 40 per cent to ITC's revenues.

• 

  ITC Eyes Rs 1 Lakh Crore Revenue from FMCG Business by 2030

  "We will enter anything and everything that can be classified as FMCG over a period of time," Mr Deveshwar told shareholders at the company's AGM.

• 

  ITC's Q1 Net Rises 4%; Cigarette, Agribusiness Drag Revenues

  Revenues from ITC's cigarette business, which contributes nearly half of the total revenue, fell 1.2 per cent year-on-year to Rs 4,150 crore in the June quarter.