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ITC Ltd

Thu 24/04/2025,15:59:37 NSE: ITC

₹ 430.05 -0.80 (-0.19%)
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Thu 24/04/2025,16:1:0

ITC Ltd

Thu 24/04/2025,15:59:37 | NSE : ITC

₹ 430.05-0.80 (-0.19%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 431.85

Previous Close

₹ 430.85

Volume

26064089

Mkt Cap ( Rs. Cr)

₹538169.72

High

₹ 436.05

Low

₹ 429.30

52 Week High

₹ 528.50

52 Week Low

₹ 390.15

Book Value Per Share

₹ 60.15

Dividend Yield

3.19

Face Value

₹ 1.00

What’s Your Call?

Collective community sentiment on ITC Ltd

Your Vote -

Buy

74.11%

Hold

19.05%

Sell

6.84%

74.11%

286286 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

44%

Sell Order Quantity

56%

Bid Price

Qty

429.75

95

430.00

1038

430.00

1

430.00

730

430.00

1426

Bid Total

449958

Bid Price

Qty

429.90

340

430.00

1131

430.00

2517

430.00

390

430.00

1485

Bid Total

577430

Option Chain

Analyzes market sentiment, predicts ITC Ltd' movement.

Call Price Open interest Strike Price Put Price Open interest

News

Media spotlight triggers stock stock attention, sentiment.

  • ITC Ltd. - Acquisition-XBRL

    17 Apr 2025, 10:01PM ITC Limited has informed the Exchange regarding Acquisition

  • ITC Ltd. - Acquisition

    17 Apr 2025, 9:58PM ITC Limited has informed the Exchange about Entering into Agreements for acquisition of shares of Sresta Natural Bioproducts Private Limited and Mothe

  • ITC Ltd. - Announcement under Regulation 30 (LODR)-Acquisition

    17 Apr 2025, 9:57PM Agreements for acquisition of shares of Sresta Natural Bioproducts Private Limited and Mother Sparsh Baby Care Private Limited.

  • ITC Ltd. has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    16 Apr 2025, 4:21PM As of March 2025, 100.00% owned by Public. <p align=justify> Institutional holds 85.06% (Insurance Companies 20.18%) and Non-Institutional holds 14.90

  • ITC Ltd. - Shareholders meeting

    11 Apr 2025, 2:56PM ITC Limited has informed the Exchange regarding voting results of Postal Ballot by voting through electronic means

  • ITC Ltd. - Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

    11 Apr 2025, 2:52PM Postal Ballot by voting through electronic means - Voting Results

  • ITC Ltd. - Trading Window-XBRL

    9 Apr 2025, 12:05PM ITC LIMITED has informed the Exchange about Closure of Trading Window

  • ITC Ltd. - Acquisition-XBRL

    4 Apr 2025, 6:51PM ITC Limited has informed the Exchange regarding Acquisition

  • ITC Ltd. - Acquisition

    4 Apr 2025, 6:50PM ITC Limited has informed the Exchange about Acquisition of shares of Ample Foods Private Limited

  • ITC Ltd. - Announcement under Regulation 30 (LODR)-Acquisition

    4 Apr 2025, 6:48PM Acquisition of shares of Ample Foods Private Limited

  • ITC Ltd. - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    4 Apr 2025, 5:51PM The details of the shares dematerialised by the Company during the month of March 2025 is provided in the enclosed Annexure A. The Company was not req

  • ITC Ltd. - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    4 Apr 2025, 5:39PM ITC Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

  • ITC Ltd. - Acquisition-XBRL

    31 Mar 2025, 8:06PM ITC Limited has informed the Exchange regarding Acquisition

  • ITC Ltd. - Acquisition

    31 Mar 2025, 8:03PM ITC Limited has informed the Exchange about Acquisition of Pulp and Paper Undertaking of Aditya Birla Real Estate Limited.

  • ITC Ltd. - Announcement under Regulation 30 (LODR)-Acquisition

    31 Mar 2025, 8:02PM Acquisition of Pulp and Paper Undertaking of Aditya Birla Real Estate Limited

  • ITC Ltd. - Trading Window

    27 Mar 2025, 6:51PM ITC Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

  • ITC Ltd. - Alteration Of Capital and Fund Raising-XBRL

    17 Mar 2025, 7:18PM ITC LIMITED has informed the Exchange regarding Allotment of Securities

  • ITC Ltd. - ESOP/ESOS/ESPS

    17 Mar 2025, 7:16PM ITC Limited has informed the Exchange regarding Allotment of 664000 Shares.

  • ITC Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    17 Mar 2025, 7:15PM Allotment of Shares under the Employee Stock Option Schemes of the Company

  • ITC Ltd. - Copy of Newspaper Publication

    13 Mar 2025, 4:30PM ITC Limited has informed the Exchange about Copy of Newspaper Publication

  • ITC Ltd. - Notice Of Shareholders Meetings-XBRL

    11 Mar 2025, 2:53PM ITC Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot

  • ITC Ltd. - Shareholders meeting

    11 Mar 2025, 2:28PM ITC Limited has informed the Exchange regarding Notice of Postal Ballot

  • ITC Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Mar 2025, 6:45PM ITC Limited has informed the Exchange about Schedule of meet

  • ITC Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    10 Mar 2025, 6:42PM We write to advise, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Company's repr

  • ITC Ltd. - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    3 Mar 2025, 6:10PM The details of the shares dematerialised by the Company during the month of February 2025 is provided in the enclosed Annexure A. The Company was not

  • ITC Ltd. - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    3 Mar 2025, 5:50PM ITC Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

  • ITC Ltd. - Alteration Of Capital and Fund Raising-XBRL

    25 Feb 2025, 7:25PM ITC LIMITED has informed the Exchange regarding Allotment of Securities

  • ITC Ltd. - ESOP/ESOS/ESPS

    25 Feb 2025, 7:24PM ITC Limited has informed the Exchange regarding Allotment of 976280 Shares.

  • ITC Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    25 Feb 2025, 7:23PM Allotment of Shares under the Employee Stock Option Schemes of the Company

  • ITC Ltd. has declared 650% Interim dividend for the financial year March 2025

    7 Feb 2025, 3:21PM ITC Ltd. on Thursday, 06 February 2025, has announced Interim dividend of 650 percent on Equity Share, to its shareholders holding shares on the regis

  • ITC to acquire Prasuma and Meatigo, to expand in frozen food segment

    7 Feb 2025, 10:01AM Conglomerate ITC on Thursday announced to acquire &lsquo;Prasuma&rsquo; and &lsquo;Meatigo&rsquo; brands expanding its presence in frozen, chilled and

  • ITC Ltd. - Acquisition-XBRL

    6 Feb 2025, 7:59PM ITC Limited has informed the Exchange regarding Acquisition

  • ITC Ltd. - Announcement under Regulation 30 (LODR)-Acquisition

    6 Feb 2025, 7:50PM Execution of Definitive Agreements to acquire shares

  • ITC Ltd. - Outcome of Board Meeting

    6 Feb 2025, 7:49PM ITC Limited has informed the Exchange regarding Acquisition of shares of Ample Foods Private Limited and Meat and Spice Private Limited

  • ITC Ltd. - Acquisition

    6 Feb 2025, 7:49PM ITC Limited has informed the Exchange about Acquisition of shares of Ample Foods Private Limited and Meat and Spice Private Limited

  • ITC Ltd. - Outcome of Board Meeting-XBRL

    6 Feb 2025, 7:08PM ITC Limited has informed the Exchange regarding Outcome of Board Meeting held on 06-Feb-2025 for Dividend

  • ITC Ltd. - Integrated Filing (Financial)

    6 Feb 2025, 7:02PM Integrated Filing (Financial)

  • ITC Ltd. - Integrated Filing- Financial

    6 Feb 2025, 6:59PM Integrated Filing (Financial) for the Quarter and Nine Months ended 31st December, 2024

  • ITC Q3 net profit up 1.19% at Rs 5638.25 cr

    6 Feb 2025, 6:51PM The company reported standalone net profit of Rs 5,638.25 crore for the quarter ended December 31, 2024 as compared to Rs 5572.07 crore in the same pe

  • ITC Ltd. - Record Date

    6 Feb 2025, 6:50PM ITC Limited has informed the Exchange that Record date for the purpose of Dividend is 06-Feb-2025.

  • ITC Ltd. - Recommendation To Members For ESAR Scheme

    6 Feb 2025, 6:47PM Recommendation to Members for ESAR Scheme

  • ITC Ltd. - Outcome of Board Meeting

    6 Feb 2025, 6:47PM ITC Limited has informed the Exchange regarding Outcome of Board Meeting held on February 06, 2025.

  • ITC Ltd. - General Updates

    6 Feb 2025, 6:47PM ITC Limited has informed the Exchange about recommendation for issue of shares under a new Employee Stock Appreciation Rights Scheme

  • ITC Ltd. - Corporate Action-Board approves Dividend

    6 Feb 2025, 6:46PM Interim Dividend of Rs. 6.50 per share

  • ITC Ltd. - Announcement under Regulation 30 (LODR)-Dividend Updates

    6 Feb 2025, 6:45PM Interim Dividend of Rs. 6.50 per share

  • ITC Ltd. - Board Meeting Outcome for Unaudited Financial Results And Interim Dividend

    6 Feb 2025, 6:43PM Unaudited Financial Results for the quarter and nine months ended 31st December, 2024 and Interim Dividend

  • ITC Ltd. - Outcome of Board Meeting

    6 Feb 2025, 6:41PM ITC Limited has informed the Exchange regarding Board meeting held on February 06, 2025.

  • ITC Ltd. - Media Statement And Investor Presentation

    6 Feb 2025, 6:40PM Media Statement and Investor Presentation

  • ITC Ltd. - General Updates

    6 Feb 2025, 6:39PM ITC Limited has informed the Exchange about Media Statement and Presentation

  • ITC Ltd. - Financial Result Updates

    6 Feb 2025, 6:37PM ITC Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.

  • ITC Ltd. - Unaudited Financial Results For The Quarter And Nine Months Ended 31St December, 2024

    6 Feb 2025, 6:36PM Unaudited Financial Results for the quarter and nine months ended 31st December, 2024

  • ITC Ltd. - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    4 Feb 2025, 4:01PM ITC Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

  • ITC Ltd. - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    4 Feb 2025, 4:16PM The details of the shares dematerialised by the Company during the month of January 2025 is provided in the enclosed Annexure A. The Company was not r

  • ITC Ltd. - Alteration Of Capital and Fund Raising-XBRL

    31 Jan 2025, 4:27PM ITC LIMITED has informed the Exchange regarding Allotment of Securities

  • ITC Ltd. - ESOP/ESOS/ESPS

    31 Jan 2025, 4:25PM ITC Limited has informed the Exchange regarding Allotment of 769110 Shares.

  • ITC Ltd. - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    31 Jan 2025, 4:25PM Allotment of Shares under the Employee Stock Option Schemes of the Company

  • ITC Ltd. - General Updates

    28 Jan 2025, 12:42AM ITC Limited has informed the Exchange about Apportionment of cost of acquisition of Ordinary Shares of ITC Limited and Equity Shares of ITC Hotels Lim

  • ITC Ltd. - Apportionment Of Cost Of Acquisition Of Ordinary Shares Of ITC Limited And Equity Shares Of ITC Hotels Limited

    27 Jan 2025, 9:16PM Apportionment of cost of acquisition of Ordinary Shares of ITC Limited and Equity Shares of ITC Hotels Limited

  • ITC Ltd. - General Updates

    27 Jan 2025, 9:14PM ITC Limited has informed the Exchange about Apportionment of cost of acquisition of Ordinary Shares of ITC Limited and Equity Shares of ITC Hotels Lim

  • ITC Ltd. - General Updates

    27 Jan 2025, 5:29PM ITC Limited has informed the Exchange about Listing of equity shares of ITC Hotels Limited

  • ITC Ltd. - Listing Of Equity Shares Of ITC Hotels Limited

    27 Jan 2025, 5:32PM Listing of equity shares of ITC Hotels Limited

  • ITC

    21 Apr 2025 , 10:04AM The company has announced acquisition of 100% of the share capital of Sresta Natural Bioproducts (SNBPL) that sales under the ‘24 Mantra Organic’ brand, to fortify its presence and market standing in the high growth organic products segment in both Indian and overseas markets. As per the statement, the deal will be worth Rs 472.50 crore on a cash-free debt-free basis, comprising Rs. 400 crore payable upfront at closing and up to Rs. 72.50 crore payable in the next two years post closing. SNBPL is a pioneer and leading player in the organic packaged staples category. The company has over the years built a strong network of ~27,500 farmers and ~1.4 lakh acres of certified organic land across clusters in 10 states. It has a wide range of products and enjoys strong brand equity and also a well-established presence in the US markets (~50% revenue contribution from US) with its own distribution set-up. The deal is valued at 1.5x EV/Sales and is expected to be completed by Q1FY26. Further, ITC has also signed definitive agreements to raise its stake in Mother Sparsh - an Ayurvedic and natural baby care firm - from the current 26.5% to full ownership over the next two to three years. Positive

  • ITC

    1 Apr 2025 , 10:40AM The company has entered into a Business Transfer Agreement (‘BTA’) with Aditya Birla Real Estate Limited (‘ABREL’) for acquisition of ABREL’s pulp and paper business operated under the name of ‘Century Pulp and Paper’ for a consideration of Rs. 3,500 crore. Established in 1984 at Lalkuan (Nainital, Uttarakhand), CPP is a well-established player in the Indian Paper industry. Transaction is expected to be consummated in ~6 months subject to fulfilment of necessary closing conditions and receipt of statutory approvals.

  • ITC

    13 Feb 2025 , 11:14AM According to media reports, ITC is in early discussions with Norway's Orkla ASA to acquire its Indian businesses MTR Foods Pvt. Ltd. and Eastern Condiments Pvt. Ltd. for ~$1.4 billion (~Rs. 11,900 crore). MTR Foods has strong presence in the ready-to-eat segments in markets such as Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. It has revenues of ~Rs. 3,000 crore. Deal if happens is valued at 4x sales. This will be in line with ITC's strategy of expanding presence in key markets and improving growth prospects of FMCG business in long run. Positive for ITC.

  • Stock update: ITC Q3FY25 (Standalone) result update

    12 Feb 2025 , 10:33AM Stock update: ITC Q3FY25 (Standalone) result update – Margin pressure across businesses

  • ITC Q3FY2025 (Standalone) results

    7 Feb 2025 , 11:33AM ITC Q3FY2025 (Standalone) results – Cigarette volume growth at ~6% beats expectations; input cost inflation hits margins across businesses

  • ITC

    7 Feb 2025 , 9:58AM ITC announced acquisition of Ample Foods Private Limited and Meat and Spice Private Limited

  • ITC

    28 Jan 2025 , 8:57AM ITC Hotels (ITCHL) has received approval from the National Stock Exchange of India Limited and BSE Limited for listing and trading of its equity shares from 29th January, 2025. For the purpose of determining post demerger cost of acquisition of the ordinary shares of ITC and the equity shares of ITCHL, shareholders may apportion their total cost of acquisition of ITC shares in the following manner - ITC Ltd at 86.49% of the total cost of acquisition while ITCHL at 13.51% of the total cost of acquisition. For example, if 1,000 ordinary shares of ITC were purchased at Rs. 400 per share, the total cost of acquisition would amount to Rs. 4,00,000 before the demerger. Based on the share entitlement ratio, 100 shares of ITCHL would be allotted to the said shareholder in ratio of 1 share of ITCHL for every 10 shares held in ITC. The total cost of acquisition of Rs. 4,00,000 would be apportioned in the aforesaid ratio – Rs. 3,45,960 (86.49% of Rs. 4,00,000) being the total cost of acquisition of 1,000 ITC shares and Rs 54,040 (13.51% of Rs. 4,00,000) being the total cost of acquisition of 100 shares of ITCHL.

  • ITC

    13 Jan 2025 , 2:43PM ITC Hotels has allotted 125.11 crore equity shares to ITC shareholders as part of its restructuring process, effective January 11, 2025.

  • ITC

    6 Jan 2025 , 9:36AM ITC Hotels ex-date and record date today

  • Stock update: ITC

    31 Dec 2024 , 10:07AM Stock update: ITC – Unlocking value through hotels business demerger

  • ITC

    19 Dec 2024 , 10:45AM The company has boosted its shareholding in EIH and HLV by acquiring additional stakes from its wholly-owned subsidiary, Russell Credit. The company purchased 2.44% of EIH’s share capital, which includes 1,52,32,129 equity shares of Rs. 2 each for a consideration of Rs. 111 crore, and 0.53% of HLV’s share capital, comprising 34,60,829 equity shares of Rs. 2 each for a consideration of Rs. 11 crore. Following the acquisition, ITC’s total stake in EIH now stands at 16.13% of its paid-up share capital, while its holding in HLV has increased to 8.11%. Positive

  • ITC

    17 Dec 2024 , 12:45PM ITC received NCLT approval for demerger of the Hotels Business of the company. The appointed date and the effective date of the demerger shall be 1st January, 2025.

  • ITC

    7 Oct 2024 , 12:29PM The company received approval from the National Company Law Tribunal (NCLT) for the demerger of its hotel business. The demerger scheme will be effective on the first day of the following month after filing of certified copy of the NCLT order with the Registrar of Companies, West Bengal, and fulfilling other conditions & matters. Under this demerger scheme, ITC will maintain 40% ownership of ITC Hotels, with ITC shareholders acquiring the remaining 60% in proportion to their stake in the parent entity – long term positive for ITC.

  • ITC

    3 Oct 2024 , 10:55AM ITC Infotech, a wholly owned subsidiary of ITC has acquired 100% of the share capital of Blazeclan Technologies (Blazeclan). Consequently, Blazeclan and its subsidiaries have become step-down wholly owned subsidiaries of the Company. This acquisition is expected to augment ITC Infotech’s capabilities to service its customers in a multi-cloud and hybrid cloud environment with a focus on the partner eco-system to accelerate future growth. The acquisition is expected to strengthen ITC Infotech’s commitment to helping clients navigate their digital transformation journey and deliver business outcomes built on the foundation of strong Cloud capabilities. Acquisition cost stands at Rs. 485 crore. Deal is valued at 1.64x price to sales – positive read through for ITC.

  • Stock update: ITC

    17 Sep 2024 , 10:55AM Stock update: ITC – Cigarettes biz to grow steadily; better times ahead for FMCG

  • Stock update: ITC Q1FY2025 (Standalone) result update

    2 Aug 2024 , 11:43AM Stock update: ITC Q1FY2025 (Standalone) result update – Q1: Cigarettes & FMCG were resilient; agri & PPP dragged performance

  • ITC

    7 Jun 2024 , 1:01PM The company’s shareholders have approved the demerger of its hotel business, with 99.6% of total shareholders having voted in favour of hotel business demerger. For every 10 shares held in ITC Ltd, shareholders would be entitled to receive 1 share of ITC Hotels Ltd. After the demerger, ITC Hotels will be separate listed entity, in which ITC will continue to hold a 40% stake, while the remaining 60% will be held by the shareholders – Positive read through for ITC as demerger of the hotel business will strengthen ITC’s balance sheet and return profile in the coming years.

  • Stock update: ITC Q4FY2024 (Standalone) result update

    24 May 2024 , 12:54PM Stock update: ITC Q4FY2024 (Standalone) result update – Q4: Cigarettes and FMCG performed well

  • ITC Q4FY2024 (Standalone) results

    23 May 2024 , 2:55PM ITC Q4FY2024 (Standalone) results – overall marginal miss; cigarette & FMCG fared well

  • ITC

    25 Apr 2024 , 3:29PM ITC Limited’s wholly owned subsidiary WelcomHotels Lanka (Private) Limited has launched ITC Ratnadipa, a jewel in Colombo’s skyline that promises to enrich the tourism and hospitality landscape of Sri Lanka. ITC Ratnadipa or ‘Island of Gems’ offers 352 guest rooms, suites and service apartments. Complementing its exquisite accommodations, ITC Ratnadipa shall present 9 signature dining destinations that offer a repertoire of local, national and global cuisine. The banquets and event spaces facilities in the project include the Sangam Ballroom, with 15,000 sq. ft. of pillarless banqueting space along with the Panorama Deck – an outdoor wedding venue. The project also offers best-in-class luxury residencies. ITC Ratnadipa marks the addition of the 16th Luxury Collection Hotel in ITC Hotels portfolio. Positive for the stock.

  • ITC

    19 Apr 2024 , 12:01PM ITC Infotech India Limited, a wholly-owned subsidiary of ITC, have entered into a share purchase agreement for the acquisition of 100 percent stake in Blazeclan Technologies Private Limited, a player in the cloud services, for an estimated amount of Rs 485 crore in a all cash deal. This acquisition is expected to augment ITC Infotech’s capabilities to service its customers in a multi-cloud and hybrid cloud environment with focus on the Partner eco-system to accelerate future growth – Positive for ITC’s IT subsidiary; will enhance value of IT business in long run.

  • Stock update: ITC

    14 Mar 2024 , 12:07PM Stock update: ITC – Risk-reward favourable

  • ITC

    13 Mar 2024 , 10:17AM According to media reports, BAT is likely to sell 3.5% stake (~43.6crore shares) in ITC via block deal. Block deal price band will be around Rs384-400 per share (Rs16,742-17,440crore). Max 5% discount will be offered. BAT will retain 25% stake in ITC (currently holds ~29% stake).

  • ITC

    12 Mar 2024 , 10:12AM According to Bloomberg, British American Tobacco (BAT) is planning to launch ITC share sale as soon as this week. BAT is planning to $2-3bn of ITC in block trade, which will be around 3-5% of its current holding. BAT holds ~29% stake in the ITC and indicated of selling around 4% stake to enhance the flexibility of the balance sheet.

  • ITC

    8 Feb 2024 , 2:20PM According to media reports, British American Tobacco (BAT), in its recently concluded earnings call mentioned that it might sell some of its stake in ITC to enhance the flexibility of the balance sheet. BAT is the largest shareholder in ITC with ~20% stake in the company – Stake sale by BAT will remain an overhang in the near term. However any stake sale by BAT will led to increase in the free float and MSCI weightage.

  • Stock update: ITC Q3FY2024 (Standalone) result update

    30 Jan 2024 , 12:05PM Stock update: ITC Q3FY2024 (Standalone) result update – High base affected cigarettes; FMCG resilient

  • ITC

    20 Dec 2023 , 12:56PM The company’s wholly owned subsidiary ITC Infotech India Limited (I3L) has incorporated a wholly owned subsidiary in the Kingdom of Saudi Arabia under the name of ITC Infotech Arabia Limited (ITC Arabia) on 17th December, 2023. I3L will be paying cash consideration to ITC Arabia towards subscription of its entire share capital of 16,00,000 shares of SAR 10 each at par. Incorporation of subsidiary in Saudi Arabia will enable I3L to expand and deepen its client relationships in Saudi Arabia. Positive read through.

  • Stock update: ITC

    14 Dec 2023 , 10:30AM Stock update: ITC – Eyeing profitable growth ahead

  • ITC

    22 Sep 2023 , 10:09AM As per the latest CRISIL report, cigarette demand is expected to be at 7-9% in FY2024 aided by return of employees to offices and a stable tax regime.

  • ITC

    4 Sep 2023 , 11:10AM The company has announced that it will invest ~Rs. 1,500 crore to set up an integrated food manufacturing and logistics facility and a sustainable packaging products manufacturing facility at Sehore in Madhya Pradesh. The two projects will be spread over an area of nearly 57 acres. While the food plant will manufacture ITC's products including atta brand Aashirvaad, Sunfeast biscuits, and 'YiPPee!' noodles, the moulded fibre products facility will contribute to plastic substitution in areas such as packaging for electronic items, FMCG, and the food and beverage sector. Positive for the stock.

  • ITC

    14 Aug 2023 , 10:09AM Along with Q1 results; Board will finalise the entitlement ratio for demerger of Hotel business – stock will be in focus today

  • ITC: Demerger of hotel business

    28 Jul 2023 , 11:00AM ITC: Demerger of hotel business – key conference call highlights

  • ITC - Stock correction post demerger news

    24 Jul 2023 , 4:42PM ITC - Stock correction post demerger news unwarranted, provides good entry point

  • ITC

    20 Jul 2023 , 12:01PM According to media reports, demerger of ITC’s hotel business is likely to happen during Q1FY24 results or prior to AGM. The company would be exploring alternate structures for the hotel business and a separate listing of the hotel business is also one of the options considered.

  • ITC

    12 Jul 2023 , 12:19PM Mr.Sanjiv Puri gets an extension of 5 years as Chairman and MD of the company (appointed as the CEO in 2017 and Managing Director of the company in 2019). Under his leadership ITC’s non-cigarette FMCG business saw significant scale-up with strong improvement in the margins – Positive read through for the company.

  • ITC

    5 Jul 2023 , 1:31PM According to media reports, ITC has started the process of demerging its hotel business. The company will explore alternate structures for the hotel business. A separate listing of the hotel business is also one of the option, which will be considered by the company.

  • ITC

    28 Jun 2023 , 11:04AM The company has acquired 857 compulsorily convertible preference shares of 10 each of Mother Sparsh at a consideration of ~Rs. 11.54 crores. With this acquisition, ITC’s shareholding in Mother Sparsh aggregates 26.50% of its share capital. The acquisition is in line with company’s strategy to strengthen its D2C portfolio – In line with business strategy to scale-up the D2C business, long term Positive

  • ITC

    20 Jun 2023 , 11:30AM The Company entered into definitive agreements to acquire 857 Compulsorily Convertible Preference Shares of Rs. 10/- each of Mother Sparsh. The acquisition will take the Company's shareholding in Mother Sparsh from 22% to 26.50% (on a fully diluted basis) – acquisition is in-line with the company’s strategy to expand its product in the Direct-to-Consumer space; we have a Buy rating on ITC

  • ITC

    30 May 2023 , 10:14AM According to Mr.Sanjeev Puri, Chairman & MD of ITC, The company’s plan of demerging the hotel business, which was put on Hold due to the pandemic, was likely to be revived this year and taken forward in line with the strong industry recovery and expected strong growth in the near to medium term. Also, while a spin-off of the Infotech business was a possibility, however crucial element in the decision as it had to be done at the right time. Further he expects volume growth in the non-cigarette FMCG business to recover strongly by second half of the year due to expected recovery in the rural India – Positive read through for the stock as demerger of Hotel business would key trigger for the stock ahead.

  • Stock update: ITC

    3 Apr 2023 , 1:19PM Stock update: ITC – Growth prospects intact; Attractive valuation

  • ITC

    29 Mar 2023 , 12:16PM According to industry reports; the company has undertaken small price hike of Rs0.5/stick in Gold Flake Regular brand (around 3% price hike) and has taken small price hike in Bristol brand resulting in 1% price hike in overall portfolio. The company likely to take similar price hike in rest of its cigarette portfolio. Further ITC chairman & MD – Mr. Sanjiv Puri will accelerate investments in building capacities and accelerating growth with an investment of Rs3,000crore per annum. The same was little slowed down during the pandemic. Positive read through for the stock.

  • ITC

    27 Mar 2023 , 11:56AM Cess on Tobacco and Tobacco products will be charged on MRP according to amendments made in the Finance bill 2023. The key change is that the tax will now apply on the MRP, rather than the “actual sale price” at factory gate, which the manufacturers used to under-report. Also, the MRP is defined as “the maximum price at which the concerned goods in packaged form may be sold to the ultimate consumer and includes all taxes, local or otherwise, freight transport charges, commission payable to dealers, and all charges towards advertisement, delivery, packing, forwarding and the price is the sole consideration for such sale. View: ITC’s stock will be in focus in trade today. Exact impact on tax rate on the cigarette can be assessed once more clarity on rates of various tobacco product (including cigarette) comes up.

  • ITC

    6 Mar 2023 , 2:06PM The company has incorporated a new wholly owned subsidiary in the name of ‘ITC Fibre Innovations Limited’ on 3rd March, 2023. The initial subscribed share capital of the said company would be Rs. 1 lakh.

  • ITC

    14 Feb 2023 , 11:57AM The company is expected to export up to Rs 2,335 crore of raw tobacco to British American Tobacco (BAT) next fiscal year, a 17% increase from the estimated shipments in fiscal 2023. Its proposed transaction with BAT for the next fiscal year would account for around 3.64% of the annual consolidated sales for the ongoing FY23 View: If this happens it will be Positive for ITC’s Agri business as it will help in posting higher margins for the business.

  • ITC

    31 Jan 2023 , 11:28AM The company inaugurated its state-of-the-art integrated food manufacturing and logistics facility at Medak, Telangana. Spread over nearly 59 acres of land, the food processing facility with a built up area of 6.5 lakh sq ft entails an initial investment outlay of Rs. 450 crore. The facility is equipped with end-to-end digital infrastructure, and will be producing ITC's foods brands including Aashirvaad atta, Sunfeast biscuits, Bingo! chips and Yippee! Noodles among others, in phases. Positive for the stock.

  • ITC

    18 Jan 2023 , 10:20AM The company announced plans to acquire 100% stake in D2C health food brand Yoga Bar, a health snack company. The company will initially buy 39.4% stake for ₹175 crore. Further infusion of ₹80 crore for a total 47.5% stake will be done by 31 March, 2025; and the balance stake will be acquired, basis pre-defined valuation criteria. According to current valuation, the total deal size is around Rs537crore for 100% stake. The brand did sales of Rs68crore in FY2022 and is likely to do revenues of Rs100crore in FY2023. Deal is valued at 7.9x its Sales.

  • ITC

    18 Jan 2023 , 10:20AM The company announced plans to acquire 100% stake in D2C health food brand Yoga Bar, a health snack company. The company will initially buy 39.4% stake for ₹175 crore. Further infusion of ₹80 crore for a total 47.5% stake will be done by 31 March, 2025; and the balance stake will be acquired, basis pre-defined valuation criteria. According to current valuation, the total deal size is around Rs537crore for 100% stake. The brand did sales of Rs68crore in FY2022 and is likely to do revenues of Rs100crore in FY2023. Deal is valued at 7.9x its Sales.

  • ITC

    19 Oct 2022 , 12:10PM The company has increased its stake in D2C brand Mother Sparsh to 22% from 16% earlier. It will be acquiring 1000 compulsorily convertible preference shares of Rs10 each of Mother Sparsh. The said acquisition is in line with the Company’s continued interest in the fast growing direct to consumer (D2C) space in the 'personal care' category – Positive read through for the stock.

  • ITC

    8 Sep 2022 , 10:04AM As per media reports, the company is looking at alternate structures for ITC Hotels to enable a faster growth particularly through management contracts. ITC is planning to take the demerger process forward and carve out ITC Hotels of the parent company. The company would pursue the ‘asset-right’ strategy for its hotel business which will help the company to remain competitive and contemporary. The company is also exploring foreign markets for its hospitality business.

  • ITC

    21 Jul 2022 , 8:07PM The Company’s chairman Mr.Sanjiv Puri reiterated that the company is open to organisational restructuring that would include demerger of hotel business and listing of its subsidiary ITC Infotech in the near future. Its focus will remain on creating value for the shareholders in long run – Positive read through for the stock

  • ITC

    21 Jul 2022 , 3:33PM The Company’s chairman Mr.Sanjiv Puri reiterated that the company is open to organisational restructuring that would include demerger of hotel business and listing of its subsidiary ITC Infotech in the near future. Its focus will remain on creating value for the shareholders in long run – Positive read through for the stock

  • ITC: Key highlights of AGM

    20 Jul 2022 , 2:33PM ITC: Key highlights of AGM – Cigarette business recovered ahead of pre-pandemic levels; focus remains on scaling up the FMCG business

  • Britannia; ITC

    16 May 2022 , 2:11PM Government of India bans wheat exports to maintain good inventory levels in anticipation of lower wheat production and provide some stability in the wheat prices in the current inflationary environment. The opening stock of wheat stood at 190 lakh MT which was little less than last year’s opening stock.

  • ITC

    25 Apr 2022 , 10:08AM ITC: The company has renewed its focus on restructuring of the business. In Indian economic conclave 2022, Mr Sanjiv Puri, Chairman & MD of ITC has indicated of exiting the hotel business at right time after nurturing the business to make it consistent growing business in the coming years.

  • ITC

    21 Apr 2022 , 1:06PM The company will set up a new state-of-the-art personal care products manufacturing unit at Uluberia in Howrah, West Bengal, which will be its 20th facility in the state. Over the last few years, ITC has invested nearly Rs. 4,500 crore in West Bengal and all the projects are already implemented. The company now has 19 manufacturing units in the state, with nine of them producing ITC's agri-based food processing products.

  • ITC

    21 Apr 2022 , 12:08PM ITC: The company proposes to acquire 10% stake in Blupin Technologies Private Limited for Rs. 39.3 crore (valued at Rs. 390 crore), the company behind brand Mylo. So far, the company has launched over 100 unique SKUs across 3 brands. The model focuses on a creating a wide range of useful content and digital health tools across different life stages of the expectant and young mothers, driving community-conversions for its Mylo range of products and services. With a Learn-Share-Buy philosophy, the brand has been able to drive high engagement amongst its users, leading to a strong conversion to purchase and high consumer retention. Till date, the platform has over 22 lakh questions and 1.6 crore answers along with over 3.7 crore content pieces that drive engagement.

  • ITC to acquire up to 10.07% of share capital of Blupin Technologies for Rs. 39.3 cr

    21 Apr 2022 , 11:59AM Agreement to acquire up to 10.07% of the share capital of Blupin Technologies Pvt Ltd

  • ITC

    3 Mar 2022 , 11:43AM ITC: The company to expand milk sourcing base in West Bengal and Bihar; focusing increasing market share in fresh dairy products in two states

  • Stock update: ITC Q3FY2022 (Standalone) result update

    4 Feb 2022 , 11:42AM Stock update: ITC Q3FY2022 (Standalone) result update - Strong Q3; cigarette volumes grew in double digits

  • ITC

    5 Jan 2022 , 11:36AM The company has forayed into plant-based meat with the launch of two plant-based products under the ITC Master Chef brand. Set to be rolled out in the next few days, ITC is first launching plant-based nuggets and burger patties in the B2C and B2B space, and these will be launched in the top eight metros in India across modern trade, large retail stores, and on e-commerce websites – long term positive for the stock as such products are gaining strong traction in the international markets. Globally players such as Nestle, Unilever and Tyson foods have invested and are launching plant protein products.

  • ITC

    22 Dec 2021 , 11:44AM ITC: The company has raised its holding to 27.34 per cent in Delectable Technologies, a company that operates the Azgo app and vending machines selling snacks and other fast-moving consumer goods. This was done after acquiring third tranche of 1964 compulsorily convertible preference shares – Acquisition will help the company to increase its presence such as vending machines and e-commerce.

  • ITC

    20 Dec 2021 , 10:37AM The company has bought 8.70% equity stake in Mother Sparsh Baby Care, a D2C Ayurvedic and natural personal care brand. This is in-line the company’s plan to acquire 16% stake in Mother Sparsh through a share subscription agreement.

  • Stock Update – ITC

    15 Dec 2021 , 10:15AM Stock Update – ITC: Building a sustainable growth path

  • Stock Update – ITC

    15 Dec 2021 , 10:11AM Stock Update – ITC: Building a sustainable growth path

  • ITC

    13 Dec 2021 , 11:55AM According to media reports, Public health groups, along with economists and doctors, have urged the government to increase excise duty on all tobacco products in the Union Budget of 2022-23 to generate additional revenue. In their appeals to the Finance Ministry, they have sought an increase in excise duty on cigarettes, bidis and smokeless tobacco.

  • ITC

    29 Nov 2021 , 10:55AM ITC has agreed to acquire 16% of the share capital of Mother Sparsh Baby Care Private Limited (Mother Sparsh), a premium ayurvedic and natural personal care brand in the D2C space with a focus on the mother and baby care segment. It has a wide range of baby and mother care products that leverages the wisdom and knowledge of Ayurveda for potent product delivery. ITC has decided to invest in this segment recognising the significant potential of naturals and Ayurveda.

  • ITC to buy 16% stake in Mother Sparsh for Rs. 20 crore

    26 Nov 2021 , 3:25PM Agreement to acquire 16% of the share capital of Mother Sparsh Baby Care Pvt. Ltd

  • ITC; Godfrey Phillips

    19 Oct 2021 , 11:04AM According to media reports, Ministry of Health constitutes an expert panel on future of the taxation policy for the tobacco and tobacco products.

  • Stock Update: ITC

    24 Sep 2021 , 10:12AM Stock Update: ITC - Regaining momentum in Cigarettes; FMCG profitability improving

  • Stock Update: ITC

    24 Sep 2021 , 10:11AM Stock Update: ITC - Regaining momentum in Cigarettes; FMCG profitability improving

  • ITC: Key highlights of the AGM

    12 Aug 2021 , 11:58AM ITC: Key highlights of the AGM – scouting for inorganic opportunities and would consider restructuring of business for creating value for investors in long run

  • ITC: All-round performance

    26 Jul 2021 , 10:33AM ITC: All-round performance, Cigarette volume beat expectations

  • ITC

    20 Jul 2021 , 9:36AM According to media reports, Government is considering divesting ITC stake through open market operations. Government holds 7.9% stake in ITC via SUUTI – negative read through for the stock

  • ITC

    15 Jul 2021 , 10:08AM The company is venturing into the boutique lifestyle hotel segment with a new brand ‘Storii’ as part of its strategy to focus more on managing properties rather than owning them going forward to aid revenue growth – Positive for ITC’s hotel business from long term perspective. The company is looking turning its business into asset light model in-line with strategy followed by most of the hotel companies to keep its balance sheet lean.

  • ITC - FMCG continues the good run

    2 Jun 2021 , 10:24AM ITC - FMCG continues the good run; Cigarette volume growth stood at 8%

  • ITC

    26 Apr 2021 , 10:17AM ITC: Bombay High Court has directed the state and central governments to give its response and data regarding Covid victims who are addicted to smoking. According to high court if this is an issue and measure health and is fatal to the health of the citizens, then the measures would be required to ban sale of cigarettes and bidis during pandemic –

  • ITC

    23 Mar 2021 , 9:59AM CRISIL Ratings has reaffirmed its ratings on the bank facilities of Rs1750crore o at 'CRISIL AAA/Stable/CRISIL A1+'

  • ITC

    16 Mar 2021 , 10:15AM According to media report; the company forayed into milkshakes and cakes while expanding in categories like chocolates and staples in line with its focus on expanding its non-cigarette FMCG portfolio. The company launched three variants of cake under the Sunfeast brand of Rs10 per pack and three flavours of Sunfeast wonderz milk in the range of Rs25-35

  • ITC

    23 Feb 2021 , 12:16PM The company's MD Mr.Sanjiv Puri has stated in the media interview that plans to create to alternate structures for the hotel business will be reviewed but the timing will have to thought through given the impact of the pandemic on the hospitality. For time being the company is focusing on pursuing an asset right approach in hospitality by asset right model. The company is planning to expand the business primarily through management contracts. Further he also expect cigarette sales volume to be higher in 2021 compared to 2020, affected by pandemic and increase in tax rates on cigarettes

  • ITC - FMCG continues the good run

    12 Feb 2021 , 11:46AM ITC - FMCG continues the good run; cigarette sales recovered sequentially in Q3

  • ITC

    5 Feb 2021 , 3:04PM The Company will be declaring interim dividend during its board meeting on 11th February; the company last fiscal change its dividend policy to reward shareholders with higher dividend and paid dividend of Rs10.5per share (4.5% dividend yield) - Positive read through for the stock; the stock has seen good run up post the budget as there was no hike in tax rate on the cigarettes in Union budget 2021-22. We have a Buy rating on the stock

  • ITC

    21 Jan 2021 , 11:03AM ITC: According to media reports, ITC has taken price of 5-8% in its cigarette portfolio; dealers were intimated of price hikes in various cigarette segments

  • ITC

    4 Jan 2021 , 10:00AM According to media reports Government has drafted new cigarette and tobacco products regulations to curb cigarette consumptions (increased legal age of smoking to 21)

  • Prataap Snacks, ITC

    15 Dec 2020 , 11:29AM Potato prices in India have dropped over 40 percent at primary agricultural markets in northern parts of the country in the last three weeks as the new crop has begun arriving - Positive for Prataap Snacks and ITC's non-cigarette FMCG business

  • ITC

    26 Nov 2020 , 11:12AM The Company's Paperboards and Speciality Papers (PPP) Division is laying special focus on the value-added paper packaging business and import substitution given the unfolding opportunities in new segments of the packaging business. Large focus is on import substitution, capacity building and process innovation to build a competitive value chain. The company is working closely with the entire ecosystem, end-users and printers and converters to enable transition from single-use plastic substrates to sustainable packaging solutions.

  • ITC

    13 Nov 2020 , 11:23AM ITC: The company to set up nicotine manufacturing unit in Mysuru with an investment of Rs265crore

  • ITC

    11 Nov 2020 , 11:46AM ITC: The company steps up play in Rs11000crore chocolate market with a dozen launches - long term positive for the stock

  • ITC

    26 Oct 2020 , 11:38AM According to media reports the company gained market share in its Food business: 1) Atta to 40% from 36% 2) Instant Noodles to 25% from 22% 3) Potato Wafers to 13.4% from 12.5% 4) Bridge Snacks to 27.2% from 26.3%

  • ITC

    20 Oct 2020 , 12:33PM According to media reports, Raw Pressery, known for its premium cold-pressed juices, is in talks with multiple packaged consumer goods firms, including ITC, for either divesting stake or getting on board a strategic investor for the juices division

  • ITC

    13 Oct 2020 , 9:37AM There was no increase in cess rate on taxes of cigarette products in yesterday's GST Council meet; extended the period of collection of cess rate beyond 2022 - no increase in cess/tax rate on cigarettes is sentimentally positive for ITC and other cigarette manufacturers

  • ITC

    9 Oct 2020 , 10:10AM The Company plans to take fresh dairy business deeper into West Bengal and Bihar

  • ITC

    8 Oct 2020 , 10:50AM Savlon brand is expected to touch ₹1,000 crore in consumer spends in FY2021, making it the largest brand in the company’s personal care products portfolio amid demand for health and hygiene products due to the pandemic. Product revenues were Rs250crore in FY2020 and Rs50-55crore when ITC acquired the brand.

  • ITC

    6 Oct 2020 , 10:43AM India will extend a surcharge on taxes on luury goods including cars and tobacco products beyond 2022, under plans to help states repay loans raised to meet revenue shortfalls in the current fiscal. Some states including Bihar and Goa have proposed hiking of cess rate on sin goods (including liquor and Tobacco). The next meeting of CST council would be held on October 12,2020

  • ITC

    28 Sep 2020 , 10:50AM Maharashtra state government has banned the sales of loose cigarette/biddis in the state - negative for ITC and other cigarette companies

  • ITC

    21 Sep 2020 , 12:18PM The Company has increased its stake in start-up Delectable Technologies Pvt Ltd to 20.06 per cent through acquisition of compulsorily convertible preference shares as part of its deal to acquire 33.42 per cent stake in the latter. Delectable is engaged in fabricating vending machines and app-based sales of FMCG products through such machines.

  • ITC

    21 Sep 2020 , 11:15AM GST Council meet has been postponed till 5th October,2020; the overhang of sin tax hike will remain on ITC and other cigarette manufacturing companies as Government might look to compensate states through Cess hike on cigarettes and other sin products in the upcoming GST meetings

  • ITC

    14 Sep 2020 , 3:42PM According to media flash, finance minister has indicated that there is no proposal to increase excise duty on cigarettes, bidis and smokeless tobacco at present – sentimentally positive for ITC

  • ITC

    8 Sep 2020 , 11:52AM The company has expanded its dairy business to West Bengal; it will selling its packaged lassi and packaged milk in the markets of West Bengal; it was earlier selling the dairy products in the state of Bihar where they have manufacturing facility for dairy products. Further on the hotel business front the company is planning to go for asset-light-model through management contracts to expand its room capacity -

  • ITC

    7 Sep 2020 , 11:36AM TC: Key AGM Highlights

  • Supratim Dutta takes over as CFO of ITC from September 5

    7 Sep 2020 , 9:41AM ITC gets a new CFO in Supratim Dutta

  • ITC

    31 Aug 2020 , 11:04AM ITC is considering merger of its three wholly-owned subsidiaries - Sunrise Foods, Hobbits International Foods and Sunrise Sheetgrah - with itself - Merging of subsidiaries will improve efficiencies at operating level

  • ITC

    28 Aug 2020 , 10:11AM Government has not increase the cess rate on tobacco or tobacco products such as cigarette in yesterdays GST council meeting which was largely anticipated by the street -

  • ITC

    27 Aug 2020 , 9:44AM Government might decide to increase the cess on sin products such as cigarettes and beverages in the today's GST council meet. For providing benefits to farmers, a parliamentary panel has recommended permitting regulated foreign direct investment in the tobacco & cigarette production and establishing export-only tobacco farms to boost outward shipments - ITC stock to remain in focus; if the increase in cess is not significant the stock might react positively

  • ITC

    25 Aug 2020 , 11:44AM Consensus are building up that the government might increase the sin tax (cess) on cigarettes in the coming GST council meet to be held on 27th August,2020 - increase in tax rate on cigarette would lead to increase in the cigarette prices which might affect sales volume in short span. However increase in tax rate on cigarettes is already factored in the current valuations as increase in taxes on cigarette is one of the important revenue stream for government in the current uncertain environment.

  • ITC

    19 Aug 2020 , 10:57AM The Company has introduced Jelimals Immunoz with Vitamin C & Zinc. It sses Candyman Jelimals brand. Jelimals has now geared up for the task by delivering key immunity supporting nutrients in the form of jelly bears.

  • Bharti Airtel, ITC, Bajaj Auto, Axis Bank

    13 Aug 2020 , 10:13AM MSCI has decreased the weight of Bharti Airtel, Bajaj Auto and ITC for MSCI standard index; (1) Bharti Airtel - weight reduced by ~50% to 1.71% from 3.43%, (2) ITC - weight reduced by 16% to 1.50% from 1.79%, (3) Bajaj Auto - weight reduced by 20% to 0.52% from 0.65%; however, MSCI indices to increase weights (by ~20 BPS) for Axis Bank

  • ITC

    7 Aug 2020 , 12:08PM ITC’s food business crossed Rs. 10,000 crore sales mark in 2019-20 reaching close to its nearest competitor Britannia Industries, short by just Rs. 600 crore. Food business grew by 7.3% y-o-y with gross sales of Rs 10,377.7 crore in FY2020 (accounted for ~80% of sales). Growth across various food categories has been powered by a robust portfolio of brands, a slew of innovative offerings, a range of distinctive products customised to address consumers’ evolving needs, diverse regional tastes and preferences and ramping up offerings in the wellness segment.

  • ITC

    5 Aug 2020 , 12:23PM The company has extended hygiene and personal care offerings under the ‘Savlon’ brand. It has launched the “SavlonHexa Advanced” soap and body-wash. Hand sanitisers under the SavlonHexa brand has already been launched by the company - This is positive for ITC non-cigarette FMCG business as the new launch will be extension to the current hygiene portfolio, which is gaining good traction in the domestic market

  • ITC

    30 Jul 2020 , 12:08PM The Bombay High Court has restrained Godfrey Phillips (India) from manufacturing, distributing or selling its ‘Select’ cigarette brand with the ‘Flake’ trademark till further orders, granting relief to rival ITC which had claimed that it infringed upon its own ‘Flake Refined Taste’ brand' - Positive read through for the stock

  • ITC

    28 Jul 2020 , 9:45AM The company has completed 100% acquisition of sunrise brand for Rs2150crore (price to sales 3.6x); will augment ITC's existing portfolio and scale-up spices business across country - acquisition in-line with de-risking its business model by reducing dependence on cigarette business and increase the scale of non-cigarette FMCG business

  • ITC

    27 Jul 2020 , 10:49AM ITC Limited: Stock Update – Essentials did better; cigarette biz recovering

  • ITC

    1 Jul 2020 , 11:24AM CRISIL has reaffirmed its ratings on the bank facilities of ITC Limited (ITC) at 'CRISIL AAA/Stable/CRISIL A1+'. CRISIL believes ITC will strong financial risk profile with healthy internal cash accrual, low debt and robust liquidity have strengthened the financial risk profile.

  • ITC

    29 Jun 2020 , 10:41AM ITC: Q4FY2020 result update - On road to recovery

  • ITC

    11 Jun 2020 , 11:58AM The company is aiming leadership in health & hygiene FMCG space; it launches Savlon germ protection wipes

  • ITC

    1 Jun 2020 , 12:34PM The company has forayed into the niche fruit and vegetable cleaning space with an aggressive pricing which may both create the market and also help the conglomerate gain market share. The company has launched NimWash Vegetable and Fruit wash at Rs 99 for a 500 ml pack. Further ITC Hotels partnered with online food delivery platform Swiggy to deliver its food delicacies at customers' doorsteps amid the COVID-19 pandemic. This would be implemented into phases across India and deliveries from properties such as ITC Maurya (New Delhi), ITC Royal Bengal (Kolkata), ITC Grand Chola (Chennai), ITC Gardenia (Bengaluru), ITC Windsor (Bengaluru), ITC Kohenur (Hyderabad), ITC Rajputana (Jaipur), ITC Grand Goa (Goa) and Welcomhotel Bengaluru would be commenced in the phase one. The move would enable ITC Hotels' customers to enjoy their pre-paid orders with 'no-contact' deliveries and have unique food experiences with local offerings from the regions at their home.

  • ITC

    29 May 2020 , 11:28AM The company partnered with direct selling company Amway India for distributing its new immunity beverage to stay relevant and to compete with rivals Dabur, Coca Cola and PepsiCo in the breakfast market this summer. Amway’s micro-entrepreneurs will sell the packaged fruit beverage with immunity boosters that it has launched under its juice brand B Natural.

  • ITC

    26 May 2020 , 12:02PM The company spiced its non-cigarette FMCG portfolio by acquiring Sunrise Foods; strong spice brand in east India; media report suggest deal is valued at Rs2000-2500crore (price to sales of 2.0-2.5x) - acquisition is in-line with ITC's long term strategy of scaling up its non-cigarette FMCG business

  • ITC to acquire 100% stake in Sunrise Foods

    26 May 2020 , 11:14AM ITC enters into a Share Purchase Agreement to acquire 100% equity share capital of Sunrise Foods Pvt Ltd

  • ITC

    26 May 2020 , 9:48AM The company spiced its non-cigarette FMCG portfolio by acquiring Sunrise Foods; strong spice brand in east India; media report suggest deal is valued at Rs2000-2500crore (price to sales of 2.0-2.5x) - acquisition is in-line with ITC's long term strategy of scaling up its non-cigarette FMCG business

  • ITC

    20 May 2020 , 10:36AM ITC: Key highlights of Media interaction with Chairman & MD of ITC - Mr. Sanjiv Puri

  • ITC

    19 May 2020 , 12:24PM The company restarts production of cigarettes with all the factories are progressively operating; it has opened around 150 factories, 2000 wholesale distribution points and 45 warehouses across businesses including packaged food, personal care and paper - the operational of cigarette business would also support the agri and packaging business to some extent

  • ITC

    18 May 2020 , 12:30PM Savlon range of hand sanitiser, antiseptic disinfectant liquid, soap and handwash have been validated by an international laboratory to be over 99% effective against COVID-19 type Coronavirus. It claimed Savlon is the first Indian brand to get such a validation. The company launched Savlon hand sanitisers at 50 paise per sachet. The company has resumed operations at its factories and plant locations manufacturing non-essential items with limited workforce; the factories and plant locations manufacturing essential items continue to operate.

  • ITC

    14 May 2020 , 11:06AM The company forays into packaged lassi to expand its dairy business - product launch is in-line with the focus of expanding the dairy business in the near to medium term

  • ITC

    20 Apr 2020 , 10:37AM The company has expanded its pace of innovation in personal hygiene and disinfectant space riding on the Savlon brand. The pandemic is changing consumer behaviours and need with consumer buying more hygiene products. It has already launched two new such products (Savlon Surface Disinfectant Spray and a new hand sanitizer Savlon Hexa) during the nationwide lockdown to curb the spread of Coronavirus and more are in the pipeline

  • ITC

    16 Apr 2020 , 10:35AM The government will not allow sale of tobacco products (including cigarettes) and alcohol products till lockdown ends by 3rd May 2020 as alcohol and cigarettes are not considered as essential categories - negative for ITC's core cigarette business as it will result in negligible sales volume in Q1FY2021

  • Jubilant Foodworks; ITC

    3 Apr 2020 , 10:07AM Domino's Pizza and ITC Foods partner to deliver essential items during lockdown period - Many online grocery players have geared up for supplying essentials during tough time; we believe with strong distribution model has sought this as an opportunity to utilise its delivery model in tough times

  • ITC

    1 Apr 2020 , 10:17AM As per media reports, the company plans to buy spice maker Sunrise Foods to expand its portfolio; deal value is like to be at Rs2000-2500crore - If acquisition happens it is in-line with ITC's focus to expand its non-cigarette FMCG business and reduce dependence on cigarette business

  • HUL, ITC

    30 Mar 2020 , 12:17PM ITC suspends production of non-essential products; partially manufacturing only essential items such as atta, noodles, biscuits, snacks, soaps and sanitisers etc are operating partially limited forces. On the other hand HUL indicated that operations across manufacturing and supply chain have been disrupted due to lockdown announced by the government. Due to the lock down and scale down of production the supply of products is taking time - our channel check suggest that it will take another 5-7 days for situation to normalise

  • ITC

    20 Mar 2020 , 10:17AM ITC: Stock Update – Coronavirus to hit hotels and agri-exports

  • ITC

    19 Mar 2020 , 9:50AM The company fixes dividend payout for shareholders at 80-85% of profits after tax for FY2020 better than ~75% dividend payout for FY2017-19; stock has corrected by ~26% in last one month to Rs151 (dividend yield stands at 6.6%)

  • ITC

    11 Mar 2020 , 11:19AM The company is focusing on launching 50 new products and introducing small unit packs in every category to attract consumers in the backdrop of slowing demand environment – long term positive for ITC’s non-cigarette FMCG business, however recent tax hike in the cigarettes will put a toll on overall performance in the near term

  • ITC

    24 Feb 2020 , 10:44AM According to the Union Health Ministry is mulling to increase the legal age for tobacco consumption from 18 to 21 years as part of its efforts to strengthen the provisions of the Cigarettes and Other Tobacco Products Act (COTPA); it has also recommended increasing the fine amount for violation of rules and introducing a provision of tracking and tracking mechanism to check illicit trade of cigarette and tobacco products – sentimentally negative for ITC if government increases the legal age to 21; However if government improves the provision and tracking mechanism to check illicit trade of cigarette it will provide some breather for the domestic players as illicit cigarettes contributes more than 20% of overall cigarette sales in India

  • ITC

    11 Feb 2020 , 10:53AM According to media reports, ITC took an average price hike of 10-12% in cigarette portfolio (king size cigarette price increased to Rs320 from Rs300 earlier, Gold flake superstar increased to Rs60 for pack of 10 cigarettes from Rs50 earlier); this was in-line with recent tax rate hike on cigarettes in the union budget – price hike will mitigate the impact of tax rate hike but will have impact on the cigarette sales volume in the near term (we are expecting cigarette sales volume to be lower by ~3-4% in FY2021); we have a Hold rating on the stock

  • ITC gains on cigarette price hike report

    11 Feb 2020 , 10:36AM ITC rises by 3% to Rs. 217, on reports that increase in prices of cigarettes by 10-12%

  • Stock Update: ITC

    3 Feb 2020 , 11:09AM Stock Update: ITC – Tax hike to hit cigarette sales

  • ITC drops as Govt hikes excise duty

    3 Feb 2020 , 10:17AM ITC declines by 6% to Rs. 205.30, as FM Nirmala Sitharaman announces tha government proposes to raise excise duty on tobacco and cigarette

  • ITC

    1 Feb 2020 , 9:06AM ITC Q3FY2020 first cut – Cigarette and non-cigarette FMCG grew in single digit, lower tax aided strong PAT growth

  • Godfrey Phillips, ITC

    28 Jan 2020 , 11:54AM According to media reports, promoter entities put entire stake of ~47% in Godfrey Phillips on Block

  • ITC

    12 Dec 2019 , 11:18AM The company is extending its frozen foods business to a range of new products and smaller towns and cities by rolling out a range of vegetarian and non-veg frozen snacks under its ITC Master Chef franchise to add to its frozen prawns. The products are targeted at both retail consumers and to supply to restaurants and hotels – positive for the stock as the move is in line with the company’s strategy of expanding the non-cigarette FMCG category penetration to retail and food services including in tier II and III markets.

  • ITC

    14 Nov 2019 , 11:50AM The company entered into a share subscription agreement and shareholders' agreement to acquire up to 33.42% of the share capital of Delectable Technologies for an acquisition cost of Rs. 7.5 crore, the acquired company is engaged in the business of manufacturing of vending machines – positive for ITC as it will help the company to enhance its presence in the vending machines distribution channel (especially for snacks, biscuits and confectionary products)

  • ITC

    25 Oct 2019 , 10:58AM ITC: Q2FY20 stock update – Steady performance (Reco. – Buy, TP – Rs297)

  • ITC

    4 Oct 2019 , 11:34AM ITC: Bharat 22 ETF to invest in 19 public sector companies (including ITC); ITC will have ~14% holding (implied value is Rs2145crore with overall ETF value of Rs15000crore) in overall fund which will be bought from open market as government has denied to sell stake in ITC through SUTTI route - Positive for the stock

  • Govt will not sell SUUTI stake in ITC

    27 Sep 2019 , 1:39PM ITC: As per media reports, the government will not sell the SUUTI stake in ITC – sentimentally positive for the stock

  • ITC gains as Morgan Stanley raises target stock price

    27 Sep 2019 , 12:25PM ITC rises by 3% to Rs. 258.1, after global research firm maintains an overweight call on the stock

  • Govt propose to sell the SUUTI stake in ITC

    26 Sep 2019 , 10:45AM ITC: As per media reports, the govt. is considering a proposal to sell the SUUTI stake in ITC (SUUTI held 7.96% stake in ITC); sentimentally negative for the stock as it will have excess supply in the market (will not have fundamental impact); stock has already corrected by ~2.5% in yesterday’s trading session, short term weakness may be there, but investors should use the weakness to invest for long term.

  • GST rate-cut ahead for biscuits; cheer for Britannia Industries; ITC

    13 Sep 2019 , 1:19PM Move in may ease demand pressures in segment

  • ITC plans to buy stake in Coffee Day Enterprises

    22 Aug 2019 , 11:03AM ITC: There were media reports of the company’s plan to buy stake in Coffee Day Enterprises yesterday. ITC has denied the reports of any such acquisition which was also clarified by Coffee Day Enterprises. ITC has recently exited its lifestyle retailing business by selling its apparel brand John Players and clear intent is to enhance the growth prospects of its FMCG business (especially of categories such as biscuits, snacks and personal care) – sentimentally positive for ITC

  • ITC Q1 net profit rises by 12.6% YoY to Rs. 3173.9 crore

    5 Aug 2019 , 11:37AM ITC Q1FY2020 results (standalone) - Cigarette sales volume grew by just 3%; higher margins and other income led to PAT growth

  • ITC forays into healthy snacks category

    22 Jul 2019 , 1:30PM ITC: The Company forays into healthy snacks category, 2% of overall snacks market in India – Positive read through for the non-cigarette FMCG business

  • ITC turnover reduce below 50%

    14 Jun 2019 , 11:21AM ITC: Cigarette business contribution to ITC turnover has reduced below 50%; non-cigarette FMCG business scales – positive from long term perspective

  • ITC to enter dairy beverages market in India

    6 May 2019 , 2:32PM ITC : The company entered the ready-to-drink milk-based beverages market with the launch of Sunfeast Wonderz Milk last December in the South. The company is planning to expand its dairy beverages portfolio to the rest of the country by the next summer and is eyeing a 5-10 percent of the Rs. 1,000 crore market in the first year of operations– positive for the stock

  • ITC seeks to expand its FMCG business to double digits by FY2020

    7 Mar 2019 , 9:26AM ITC: The company is seeking to expand its FMCG business to double digits by FY2020 by launching new products and enhancing distribution reach – positive from long term perspective as company focuses on reducing dependence on cigarette business

  • ITC hikes prices of cigarette

    6 Mar 2019 , 11:26AM ITC: The company has taken ~2-3% price increase in its portfolio (largely at the lower end of the brands) – limited impact of 1-1.5% on FY2020 earnings; retain Buy on the stock due to discounted valuations

  • ITC's instant noodle YiPPee crosses Rs. 1,000 crore

    16 Nov 2018 , 11:47AM ITC's instant noodle YiPPee crosses Rs. 1,000 crore sales mark in the 12 months ended September 2018. Within noodles, YiPPee is the second largest brand with about 22% market share, trailing Nestle’s Maggi – positive read through for ITC as this further firms its strategy of concentrating on non-cigarette businesses.

  • ITC: Stock update

    30 Jul 2018 , 12:18PM ITC: Stock update - Decent operating performance; cigarette sales improved

  • ITC Q1 operating performance in-line with expectation

    27 Jul 2018 , 10:21AM ITC post decent operating performance in Q1FY2019 with good growth in key businesses

  • Cigarette business on verge of improvement for ITC

    18 May 2018 , 11:55AM Thus, in view of better outlook for core cigarette business and discounted valuations, we have upgraded the stock from Hold to Buy with an unchanged price target of Rs. 325.

  • Cigarette maker up as cess remain unchanged

    12 Mar 2018 , 3:28PM Cigarette maker rises after the government kept cess on cigarettes unchanged at its GST Council meeting on Saturday, 10 March 2018

  • ITC merges tobacco leaf, agri-business units

    23 Feb 2018 , 12:22PM ITC focuses on improving the growth prospects of non-cigarette businesses; merges tobacco leaf, agri-business units to gain operational benefits.

  • Sirpur Paper Mills receives initial interest from potential suitors

    2 Jan 2018 , 5:46PM Long term positive for ITC as it will help in enhancing its paper business (positive for Sirpur Paper Mills as strategic partnership with ITC will help in reviving the operations)

  • 85% pictorial warning to go down to 40% on cig packs

    27 Dec 2017 , 11:27AM However, certain individuals & NGOs have filed Special Leave Petitions against this judgment, along with a prayer for stay of the judgment.

  • ITC expects its chocolate category to increase revenue

    5 Dec 2017 , 12:01PM Positive read through for ITC as this is in line with the company’s strategy of reducing its focus on cigarettes business and diversify into other non-cigarette businesses.

  • ITC expects its chocolate category to increase revenue

    5 Dec 2017 , 11:58AM Positive read through for ITC as this is in line with the company’s strategy of reducing its focus on cigarettes business and diversify into other non-cigarette businesses.

  • ITC Q2 results show disappointing cigarette sales

    30 Oct 2017 , 9:45AM ITC: Stock update - Non cigarette FMCG outperforms (maintain – Hold; PT – Rs325)

  • ITC Q2 results marginally ahead of our expectation

    27 Oct 2017 , 3:45PM ITC Q2FY2018 results show revenues and PAT grew in mid-single digit.

  • ITC, Godfrey Phillips: Cigarette sales will remain under pressure - sentimentally negative

    13 Oct 2017 , 8:42AM Industry reports suggest that cigarette sales will continue to be under pressure in India due to regulatory hurdle – sentimentally negative for ITC and Godfrey Phillips

  • ITC makes big push for small packs

    28 Sep 2017 , 11:52AM ITC is planning to introduce small packs in each category to expand its reach in rural market

  • ITC plans to open 40 new hotels

    18 Sep 2017 , 10:09AM ITC plans to open 40 new hotels with 5,000 rooms in pipeline – positive read through for ITC Hotel’s business

  • ITC and The Leela: Top bidders for 5-star hotel project

    14 Sep 2017 , 10:04AM ITC, Hotel Leela ventures: have emerged as top bidders for 5-star hotel project above Gandhinagar railway station – positive for ITC hotel business if it gets the deal, lease period is 75 years

  • ITC lined up Rs25,000 Cr investment in 65 projects

    12 Sep 2017 , 10:49AM ITC lined up Rs25,000 crore investment in 65 projects, including 20 facilities for consumer packaged goods in an attempt to reduce dependance on cigarette business - positive read through for the stock.

  • Stock Update ITC: Revised GST tax hike to dent cigarette sales

    19 Jul 2017 , 2:24PM In the recent GST council meeting, the government hiked compensation cess on cigarettes to avoid any gains to cigarette manufacturers

  • ITC falls most in nearly five years

    18 Jul 2017 , 10:00AM ITC declines by 15% to Rs276.9, after the GST Council increases the compensation cess

  • Sharekhan Actionable Idea: Buy ITC

    4 Jul 2017 , 10:26AM ITC will get benefit of lower effective rate, but it has to pass on some benefits of this to the consumers

  • ITC hits 52-week high in early trade

    3 Jul 2017 , 11:10AM ITC surges over 9% to Rs353.2, after the government withdraws an additional duty surcharge on tobacco
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Key fundamentals

Evaluate the intrinsic value of ITC Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 72236.58 67598.34 61404.85 59010.25 64034.79
Liabilities 72236.58 67598.34 61404.85 59010.25 64034.79
Equity 1248.47 1242.8 1232.33 1230.88 1229.22
Gross Profit 24478.61 23944.47 18933.66 15522.5 17904.25
Net Profit 20421.97 18753.31 15057.83 13031.68 15136.05
Cash From Operating Activities 16118.23 17911.7 14807.79 11493.95 13806.18
NPM(%) 31.2 28.39 26.72 28.65 33.17
Revenue 65440.81 66043.27 56341.27 45485.13 45619.7
Expenses 40962.2 42098.8 37407.61 29962.63 27715.45
ROE(%) 27.13 24.91 20 17.31 20.1

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
12 Feb 2025 6.5 650 3.2 441.1
04 Jun 2024 7.5 750 3.2 441.35
08 Feb 2024 6.25 625 3.2 449.8
30 May 2023 2.75 275 3.2 419.85
30 May 2023 6.75 675 3.2 419.7
15 Feb 2023 6 600 3.2 380.65
26 May 2022 6.25 625 3.2 266.8
14 Feb 2022 5.25 525 3.2 234.45
10 Jun 2021 5.75 575 3.2 215.25
22 Feb 2021 5 500 3.2 226.45
06 Jul 2020 10.15 1015 3.2 195.2
22 May 2019 5.75 575 3.2 289.3
25 May 2018 5.15 515 3.2 285.85
05 Jun 2017 4.75 475 3.2 311.45
30 May 2016 8.5 850 3.2 330.35
03 Jun 2015 6.25 625 3.2 329.15
03 Jun 2014 6 600 3.2 343.1
31 May 2013 5.25 525 3.2 334.9
11 Jun 2012 4.5 450 3.2 231.85
10 Jun 2011 4.45 445 3.2 186.55
09 Jun 2010 10 1000 3.2 271.3
13 Jul 2009 3.7 370 3.2 183.6
16 Jul 2008 3.5 350 3.2 213.6
16 Jul 2007 3.1 310 3.2 166.8
10 Jul 2006 2.65 265 3.2 183.2
18 Jul 2005 31 310 3.2 1570.7
19 Jul 2004 20 200 3.2 952.45
14 Jul 2003 15 150 3.2 661.85
12 Jul 2002 0 135 3.2 633.95
03 Jul 2001 0 100 3.2 851.55
0 75 3.2 654.55
0 55 3.2 1066
0 45 3.2 806.7
0 40 3.2 496.8

Peers

Other companies within the same industry or sector that are comparable to ITC Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Godfrey Phillips India Ltd 8225.00 3.83 42.47 2236.26 8491.79 0.68
Kothari Products Ltd 74.97 1.57 0.00 1283.42 54.43 0.00
Golden Tobacco Ltd 35.01 -1.99 8.93 756.46 43.33 0.00
VST Industries Ltd 330.50 0.75 17.24 664.16 177.54 45.39

Company Info

1910 - On 24th August the Company was incorporated as a Private Limited Company under the name, Imperial Tobacco Co. of India Ltd. The Company manufacture and distribute cigarettes and smoking tobaccos and speciality papers including cigarette tissue papers (Sole manufacturer in the country). Other activities include tobacco leaf processing, printing and packaging, hotels, food and exports. 1953 - The Company acquired the manufacturing business of Tobacco Manufacturers (India) Ltd., and the Complementary Lithographic printing business of Printers (India) Ltd. 1954 - The Company was converted into a Public Limited Company on 27th October. 1970 - The name of the Company was changed from the Imperial Tobacco Co. of India Ltd., to India Tobacco Co. Ltd., in May. - 5,00,000 Right shares issued to Indian shareholders (prem. Rs 3 per shares). 32,90,000 No. of Equity Shares offered to the public (prem. Rs. 3 per share). 1972 - On October Company entered into hotel business. 1973 - Company received the approval of Govt. for setting up three processing plants. 1974 - On 1st April name again changed to I T C Ltd. - During this period an offer for sale of 28,04,775 equity shares at par was made to the Indian public by the three major non-resident shares holders viz., Tobacco manufactures (India) Ltd, Tobacco Investments Ltd., and Rothmans International Ltd. all of UK. 1975 - ITC Ltd Purchased the net asset in India of India Leaf Tobacco Development Co. Ltd. (UK). 1976 - During December some foreign shareholders offered a total of 38,00,000 No. of equity shares of Rs 10 each at a premium of Rs 5.00 for sale to reduce the foreign equity holding of the Company to 40%. The shares offered were 10,95,774 shares by Tobacco Manufacturers (India) Ltd., 26,42,216 shares by Tobacco Investments Ltd., U.K., and 57,010 shares by Rothmans International Ltd., U.K. 1978 - 37,90,000 Bonus shares issued in prop. 1:5. 1979 - The name of the Company's chain of hotels was changed from "Welcom Hotels" to "Welcomgroup". The company entered into a Marketing Service and Reservations Agreement with the Sheration International Incorporated which was sactioned by Govt. on 27th January. 1980 - 45,48,000 Bonus shares issued in prop. 1:5. 1983 - A new Company under the name Gujarat Hotels was incorporated under a joint venture agreement signed between the Company and Gujarat Industrial Investment Corporation. This Co. had set up a 144-room hotel at Vadodara known as Welcomegroup Vadodara. - The Company is holding 24.9% of the subscribed equity capital of Rs 348 lakhs of Gujarat Hotels Ltd., as on 31.03.1993. 1984 - 29,38,050 shares allotted to bondholders in exchange of accrued interest on 1.7.1984. 1985 - 29,42,060 Shares allotted to bondholders in exchange of accrued interest. 1986 - The Company signed a joint venture agreement with MP Audyogik Vikas Nigam for setting up of four hotels over the next five years. - ITC Filtrona Ltd. a 50:50 joint venture Company promoted by the Company and Filtrona International Ltd. UK. The Company manufactures high technology filters for the cigarette industry. 1987 - New brands viz., Wills Flake Premium Filter and Scissors Filter were introduced. Long-term agreements were entered into with the unions of factories located at Calcutta, Saharanpur and Munger. In Bangalore, however, working was affected by a strike for 114 days. - The Company acquired Nedovs Hotel, Srinagar on lease. An agreement was concluded for building a new hotel in Jaipur and the hotel division added another 30 rooms in Mughal Sheraton, Agra, to cater to the growing demand. 1988 - In May the company formed a new division called Agribusiness Division for carrying out research and development on production and distribution of high yielding cultivars with emphasis on oil seeds, marketing of edible oils in bulk and consumer packs and export of agricultural produce. - A Memorandum of Understanding was signed with the authorities to open an Indian restaurant in Odessa, U.S.S.R. - The Company subscribed for 11,86,157 No. of equity shares of Rs 10 each for cash at par in the equity capital of PABL. - Different varities of oilseeds under the brand name of "ADARSH" and cooking oil under "SUNDROP" were launched. - New investments were made in water and bulk liquid packaging project. The Company explored the possibility of setting up a new software development centre in India with ability to access Company's customers' computers abroad through data communication links. - A major part of the business of India Leaf Tobacco Development Co. Ltd., (U.K.) (ILTD) consisted of its operations in India where it operated as a sister concern of the Company. ILTD was a pioneer in introducing Virginia tobacco to India and over the year, developed into a highly efficient enterprise, besides being a very large exporter of tobacco. The Company purchases, with effect from 1st April, 1975, the net assets in India of ILTD whereupon it became a division of the Company. 1989 - During the year Company entered into a foreign collaboration agreement with Liqui Box Corporation of U.S.A. for manufacture of Plastic bags dispensing valves and filments, Industrial Machinery for use with packaging and filling system for manufacture at the company's industrial unit at Thiruvottiyur in Tamil Nadu. - 331,68,110 Bonus Equity shares issued in prop. 1:1. - The Company proposed to evaluate a methodology for extraction of tobacco protein and solenesol and also investigate on the feasibility of converting tobacco waste into reconstituted waste. - Due to political disturbances in Kashmir, the project work at hotel Nedovs in Srinagar was suspended. The Bukhara restaurant was franchised to the Sheraton hotel in Hongkong also. 1990 - Refined mustard oil under the brand name "REAL GOLD" was introduced in the market. - On 1st April Tribeni Tissues Ltd was amalgamated with the Co. As per the terms of the merger, 5 equity shares of Rs.10 each of the company were issued at par without payment in cash for every six equity shares of Rs.10 each held in TTL. Accordingly, 105,95,070 No. of Equity shares were allotted to the shareholders of the erstwhile TTL. 1991 - The company entered into an agreement with MISR Import & Export Co. A.R.E Cairo, Egypt for the export of tea to Egypt on Commission at the rate of 3% payable in U.S. Dollars on the FOB/C&F value of each transaction. - Company proposed to enter and agreement with National Trading & Developing Establishment, Abu Dhabi for export of safety matches to UAE on commission at the rate of 3% on FOB value of each transaction. - Company proposed to enter and agreement with a firm under the name of Jalil Rastar, Tehran, Iran for export of tea to Iran on commission at the rate of 5% on the FOB/C&F value of each transaction. 1992 - Since January there was labour unrest at Tribeni Tissues paper mill which led to a lockout at the mill with effect from 27th May. - On 8th April, ITC Global Holdings Pte. Ltd was incorporated in Singapore a wholly owned trading subsidiary of the Company. - During the same period a wholly owned subsidiary ITC Infotech Ltd. incorporated in UK with an authorised capital of US $ 2 million and paid up capital of US $5 lakh. 1993 - The hybrid seeds business was being repositioned in the newly formed ITC Zere Co. Ltd., a joint venture paticipation with Zere Co. Plc of UK. - The Company successfully launched Hero brand Cigarettes. - During this period a finacial service division was formed. Companies Associated, ITC Classic Finance Ltd, proposed to enter a joint venture with Peregrine Group of Hong Kong through a new company, ITC Peregrine Capital Pvt. Ltd. to commence investment banking and brokerage services business. - In October the Company issued 45,00,000 Global Depository Receipts representing 45,00,000 ordinary shares. Three offered GDRs were to be issued with one warrent to subscribe for one warrant GDR upon payment of US $ 15.30. - Two new brands viz., `Classic Milds' and `Hero' were launched at the premium and small-length ends respectively. 1994 - Company propose to sell various edible oil brands to ITC Agro Tech Ltd. for a consideration of Rs.25 crores. - On 21st February Tiruvottiyur establishment resumed following a tripartie settlement. - 121,318,177 bonus equity shares issued in propn. 1:1, 2,85,550 No. of equity shares issued on conversion of 1,85,450 warrants. - Company introduced scissors standard. - ITC classic finance entered into arrangemnt for launching mutual funds ITC Classic Finance had set up a Company to enable operation in real estate and also a home finance Co. to provide finance to a range of buyers in the Commercial/Home Property markets. 1995 - Company introduced capstan Menthol filter, capstan standard and Bristo standared and re-designed Gold Flake Kings and Berkley Filter. Further, Gold Flake Lights in Kingsize was introduced into test markets. - The consideration of the edible oil business could not be completed due to adverse business conditions experienced by the ITC Agro-Tech Ltd. - During the year a new company ITC Classic Threadneedls AMC, a joint venture between ITC Classic Finance Ltd. and Threadneedle Asset Management was formed to launch a series of Mutual Funds. - 25,78,150 No. of Equity shares allotted on exercise of 12,89,075 warrants on payment of U.S. $15.30 per warrant. 1996 - Company purchased Mantralayam undertaking for a consideration of Rs.115.80 crores aganst settlement of all dues. The plant has since been licensed back to ITC Agro-tech for five years. - The Company has launched `Classic Ultra Milds' and `Wills Natural Lights' brands during the year. 1997 - ITC Classic Finance Ltd. was amalgamated with ICICI Ltd. - ConAgra Inc. U.S.A., invested in ITC Agro-Tech Limited by way of preferential allotment of over 51% equity, through its Mauritius based subsidiary, CAG-TECH Limited. - Having taken an in-principle decision to acquire the businesses, the ITC board has set up an internal committee to go into the nitty-gritty of the real estate business in CIDL. - City based Indian Tobacco Company workers will go on a day-long strike on December 26, in protest against the management's move to retrench 416 workmen from its cigarette manufacturing unit. 1998 - ITC Ltd has signed an agreement with National Securities Depository Ltd (NSDL) to get its securities admitted for dematerialisation. - ITC Ltd is one of the most liquid scrips in the capital market. With domestic institutions having a considerable stake in this counter, this move is likely to improve liquidity in demat trading. - ITC Ltd has undertaken a comprehensive exercise to restructure all its wholly-owned subsidiaries to align them with the four thrust areas viz., tobacco, hotels, paper and paperboards and printing and packaging. - ITC has nearly 105 subsidiaries, which are involved in various kinds of operations. 1999 - Tobacco gaint ITC has raised its stake in paper and paperboards subsidiary, ITC Bhadrachalam Paperboards, from 37% to 51% through a preferential allotment of equity shares. This follow the allotment, by the board of ITC Bhadrachalam Paperboards, of 1,91,20,000 No. of equity shares of Rs. 10 each for cash, at an issue price of Rs. 65 per share and 11% redeemable cumulative-preference shares of the face value of Rs 100 each, for cash, at par to promoter company ITC. - ITC will set up a new tobacco processing department (TPD) because the increased production will make it economical to process tobacco on site. - The Anaparti factory of ITC Ltd -- ILTD division, received the Rajiv Gandhi National Quality award for 1995. - Mr. K.S. Rao, Chief Executive of the ILTD division of ITC, received the award from the Union Minister for Chemical, Fertilisers, Food and Consumer Affairs, Mr. Surjit Singh Barnala, at Vigyan Bhavan. 2000 - ITC Infotech Ltd, the UK-based, wholly-owned subsidiary of the Company, and Compaq Computer (I) Pvt. Ltd. signed an MoU aimed at exploring business opportunities for deploying e-enabled solutions. - The Company has launched a project "e-Choupal" in Bhopal to Web-enable farmers to make a beginning in agricultural e-trade. - ITC Ltd its entry into retailing business by launching branded leisurewear apparels as part of its diversification strategy into new areas. - The Company is hiving off its Infotech services businesses in India, the US and UK and merging them into a separate wholly-owned subsidiary. - The IT division has entered into agreements with Compaq and expand the IT business. - The company set up the Lifestyle Retailing Business Division. A strategic Business Unit for the greeting cards business was set up under the Packaging and Printing Division. - ITC has launched Wills Sport, a full range of internationally styled premium wear for men and women. - ITC Infotech Ltd., the recently-launched it subsidiary of ITC Ltd., has become one of the select software organisations in the world to achieve the distinction of being certified at Level-5 on the prestigious Capability Maturity Model. - Tobacco Company ITC launched a website, billed as `one stop terminus' for international customers of agricultural commodities. The website, ww.itcibd.com, will provide information on trading of key commodities. - The Company have set up units in the north-eastern States to avail of special incentives relating to Central excise duties. - On 21th August, ITC Infotech India Limited became a wholly owned subsidiary of the company. Ansal Hotels Limited became a subsidiary of ITC Hotels Limited effective from 12th July. - The Board of the company has recommended an employee stock option scheme. - ITC Ltd. has proposed an Employee Stock Option Plan where ordinary shares up to 5 per cent of the issued and subscribed capital will be issued to employees. - Having carved a niche for itself by launching the first branded lifestyle apparel, Wills Sport, in Delhi in July 2000, the Lifestyle Retailing Business Division of ITC Limited has now big plans up its sleeve. - ITC Ltd, the Rs 8,816 crore cigarette and hotels company, has decided to merge its subsidiary, the Rs 623 crore ITC Bhadrachalam Paperboards Ltd, with itself. 2002 - ITC Ltd has informed that the Board of Directors, appointed Mr. J.B. Stevens as an Additional Non-Executive Director of the Company and the Board accepted the resignation of Mr. A.A. R. Rodrigures. 2002 - ITC Ltd has informed BSE that a large number of workmen have resumed work at the company's printing factory at Tiruvottiyur Chenna. - ITC Ltd, which has acquired a shade over 14 per cent in EIH Ltd, which owns the Oberoi chain of hotels. -ITC Ltd. has informed the Exchange that the Company on May 06, 2002 has allotted 20,96,982 Ordinary Shares of Rs 10/- each in the ratio of 1share of the company for every 16 fully paid up Equity Shares of Rs 10- each held in ITC Bhadrachalam Paperboards Ltd to the members of the ITC Bhadrachalam, in terms of the Scheme of Amalgamation of ITC Bhadrachalam with the company. - ITC, Tobacco major, has launched Aashirvaad atta making its foray into Indian atta market. - ITC's greetings cards business and Maple Leaf have entered into Joint Venture where Maple Leaf will exclusively manufacture pop-up cards for ITC. - ITC Foods ands ITC Ltd, is finally foraying its way to the Rs 1,100 crore confectionery market. The foods division which has shifted office from Kolkata to Bangalore this month, has introduced its first confectionery product, acquired brand Minto in four cities. -ITC Greeting Cards Business (ITC-GCB), has forayed into stationery products segment with the launch of Expressions PaperKraft. -ITC Limited has taken over Wills brand. ITC had to acquire the Wills brand in the US, before it takes Wills merchandise to America. -ITC Ltd. has informed the Exchange that the company has acquired further 56,000 ordinary shares of Nepalese Rupees 100/- each of Surya Nepal Pvt. Ltd. (Surya Nepal), earlier known as Surya Tobacco Company (P) Ltd, a company incorporated under the laws of Nepal. -ITC Ltd has informed BSE that Industrial Development Bank of India ('IDBI') has appointed Mr T M Nagarajan, Deputy Managing Director IDBI, on the Board of Directors of the Company w e f August 14, 2002, as Nominee Director representing IDBI, in place of Mr R Vasudevan. -ITC Board approves integration of Bhadrachalam Paperboards Division and Tribeni Tissues Division. - ITC Ltd International Business Division (ITC-IBD) has introduced an online auction platform called Tradersnet along with its web-based initiative Planternet. -ITC, now moves towards match business, it has diversified into the match business to earn more revenues from non-tobacco businesses. 2003 -ITC Ltd has informed to BSE that company's Spriha brand of natural incense sticks (Agarbathis) manufactured by Cottage Industries, a unit of the Sri Aurobindo Udyog Trust in Pondicherry was launched on February 21, 2003. -ITC on April 04, introduced salt in the staple segment, as part of its efforts to clock a Rs 500 crore sales in five years. Salt is the second offering from ITC Foods' staple business in the past 10 months, under the brand name of 'Aashirvaad'. -ITC group company, International Travel House (ITH), has divested 49 per cent equity in LeasePlan India to the Netherlands-based LeasePlan Corporation (formerly ABN AMRO Lease Holding NV), making it a wholly-owned subsidiary of the foreign company. -ITC Ltd has set up a Rs 227 crore modernised pulp mill at its Bhadrachalam works aiming to become the first producer of ECF PSP in the country. -ITC bags Golden Peacock award for cleaner tech -ITC has forayed into alliance with several state governments to take up afforestation programmes and in lieu get land from which it can source wood-based feedstock for its paperboard business. -ITC Ltd has informed that the Board of Directors of the Company at its meeting held on July 25, 2003 have noted the resignation of Mr T M Nagarajan, Nominee Director of Industrial Development Bank of India. - Indian Institute of Management Calcutta (IIMC) has joined with ITC Ltd. to unveil annual business competition -Ideas to Imprementation (i2I). -NCDEX allies with ITC Ltd for data sharing. -Company issued & allotted 27792 Ordinary Shares of Rs 10 each, upon exercise of 27792 options by eligible employees under the ITC Employee Stock Option Scheme. Consequently the issued & subscribed share capital of the company stands increased to Rs 247,54,85,090 divided into 24,75,48,509 ordinary shares of Rs 10/- each. -Bags Seagate Intelligent Enterprise of the Year award for the most innovative use of information technology -Commences commercial production of paper using the environment-friendly ECF (elemental chlorine-free) technology at its Bhadrachalam unit in Andhra Pradesh -Food wing of ITC eyes on 4 pc market share in biscuit market -The government has not taken up the Supreme Court's suggestion to arrive at a compromise formula with tobacco major ITC for settling the long-drawn-out excise dispute on the ground that it was not clear about the legal provisions under which it could do so. -ITC unveils new brand of agarbattis 2004 -ITC's Wills Lifestyle unveiled its fall/winter collection here on Jan 6. The collection, featuring Wills Classic formal wear, Wills Sport relaxed wear, Wills Clublife evening wear, and fashion accessories from Furla and Valentino from Italy, is available at ITC's Wills Lifestyle store near Nagarjuna Circle. -ITC signs memorandum of understanding (MoU) with Andhra Pradesh government for wasteland development -ITC win Rs 5.80 cr grant from British challenge fund -Acquires paperboards business of M/s Bilt Industrial Packaging Company Ltd including its 65,000 MT per annum manufacturing facility at Thekkampatty Village, Coimbatore District, Tamil Nadu. -ITC Food launches a range of 'cooking pastes' under its ready-to-eat gourmet cuisine brand Kitchens of India and readymeal Aashirwad brand -Completes the process of acquiring the paperboard manufacturing facility of BILT Industrial Packaging Co Ltd. (Bipco) near Coimbatore in Tamil Nadu. The facility, renamed 'unit Kovai', will operate as part of the paperboards and specialty papers division of ITC, which has a unit at Bhadrachalam in Andhra Pradesh. -ITC unveils Sunfeast biscuits in Chennai - ITC ties up with Israeli firm for e-choupals - Crisil gives 'AAA(SO)' to PTCs of ITC -ITC Ltd's Internet-based rural project, `e-Choupal', has won the inaugural `World Business Award' instituted in support of the United Nation's Millennium Development Goals -The International Business Division (IBD) of ITC has bagged the "Enterprise Business Transformation Award" for its unique web-based initiative called eChoupal. The award was announced in Shanghai as part of the Wharton Infosys Business Transformation Awards (WIBTA), for Asia Pacific. -The international business division of ITC forays into trading of organic farm products segment - Web based e-choupal programme of ITC bags inaugral 'World Business Award at International World Congress on June 8, 2004. -ITC introduces new special incense gift packs in Bangalore 2005 - ITC Ltd becomes one of the very few companies in India to obtain the coveted Quality Management System certification ISO 9001:2000 for investor servicing. - ITC Ltd wins 'Golden Peacock Global Award for Corporate Social Responsibility (CSR) in Emerging Economies for 2005'. - ITC Ltd signs an MoU with Tripura Government for a bamboo development programme. -ITC unveils new `5-in-1' agarbattis -ITC unveils `Expressions Regalia' -ITC e-Choupal gets Development Gateway Award -ITC unveils Candyman Cofitino -ITC has given the Bonus in the Ratio of 1:2 -Company has splits its Face value of Shares from Rs 10 to Re 1 2006 -ITC forges alliance with Tilda for DNA-tested basmati - ITC ties-up with Marubeni for food biz - ITC wins National Award for Excellence in Corporate Governance - ITC Infotech Launches Interline e-Ticketing Testing Service 2007 - ITC acquires Australian agri-biotech co. - ITC Ltd has secured seven awards at the 29th All-India Annual Conference of the Public Relation Society of India (PRSI) held in Chennai. The company got the awards for its Annual Report 2007, the management of ITC's Sangeet Sammelan events across all the major metros, its publications, including ITC's Sustainability Report, House Journal, e-news and its Corporate Web site. ITC was also awarded for its mass awareness campaign, using television as a medium. - ITC Ltd inked an MoU with the Government of Nagaland and the Spices Board for development of the famed Naga chilli via a host of initiatives across the agri-value chain. 2008 -ITC Ltd has appointed Mr. H G Powell as an Additional Non-Executive Director of the Company with effect from May 07, 2008. - ITC Ltd, having set up its food brands in the domestic market, is all set to concentrate on health and wellness-oriented products. - ITC launches eco-friendly "Paperkraft Premium Business Paper" - ITC's afforestation programme creates potential for 35 million person days of employment 2009 - ITC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 19, 2009, has appointed Mr. Anthony Ruys as an Additional Non-Executive Director of the Company with effect from January 20, 2009. - ITC Ltd has appointed Messrs. Deloitte Haskins & Sells, Chartered Accountants, as Auditors of the Company. - ITC launches Vivel Ultra Pro anti-dandruff shampoo in Kolkata. - ITC's unique Social Forestry project bags Carbon Credits for poor tribals - ITC becomes the first Indian company to gain membership with WWF GFTN for responsible forestry - ITC partners Orissa Rural Development and Marketing Society (ORMAS) to support livelihood creation in rural areas of Orissa 2010 - ITC has forayed into the Rs. 1,700-crore fairness cream market. - ITC is planning new products and offerings in the stationery products segment which includes notebooks, pens, pencil and scholastics. - The hotel business contributes just 3% to its total sales for ITC but it's now peeling its eyes for distressed assets in order to expand it global footprint in the hotel business. - Indian cigarette industry attracts international brands. - One of India's foremost private sector companies & the largest domestic cigarette manufacturer ITC, has entered Cigars business in India. - ITC enters fairness cream segment - Business conglomerate ITC Limited, is making an investment of Rs 1,000 crore for setting another unit in the existing paper mill at Bhadrachalam to expand its existing capacity of 200,000-tonne per annum (tpa). -ITC has given the Bonus in the Ratio of 1:1 2011 - ITC Ltd - Padma Bhushan for Mr. Y C Deveshwar, Chairman of the Company - Diversified conglomerate ITC Limited said it will invest up to Rs 3,000 crore to set up a paper manufacturing unit in Andhra Pradesh as part of plans to double capacity over the next five years. - ITC rises on plans of rebranding retail stores - ITC, Ruchi Soya in world's 50 fastest growing consumer firms - ITC had entered into lifestyle retailing and the stationery segments through its premium brands ,Paperkraft, notebooks and Wills Sport apparel range. Eventually the company had launched mass-appeal brands like Classmate:notebooks and John Players:menswear. - ITC opens first premium cigar retail store in Delhi - ITC Ltd has acquired the entire shareholding of Russell Credit Ltd. (wholly owned subsidiary of the Company) in Wimco Ltd. (Wimco), comprising 9,12,38,170 equity shares of Rs. 1/- each (i.e. 96.825% of Wimco's equity share capital).Consequently, Wimco has become a direct subsidiary of the Company with effect from September 29, 2011. - ITC's Regulatory Affairs Manager Mr. O'Halloran was awarded the `Excellence Award in International Education. 2012 - ITC Ltd has BSE that the Company acquired 2,26,06,065 Ordinary Shares having no par value of Technico Pty Ltd (TPL), a company incorporated in Australia, from Russell Credit Ltd, wholly owned subsidiary of the Company.Consequently TPL became a wholly owned Subsidiary of the Company with effect from March 26, 2012. - ITC bestowed 2012 World Business and Development Award - Cigarette giant ITC has raised its holding in the leading hospitality company East India Hotels (EIH), where billionaire industrialist Mukesh Ambani holds a significant stake and his wife is a member of the board, by acquiring an additional one per cent stake for Rs 42 crore through open market transactions. - Mr. Y. C. Deveshwar, Chairman of the Company, has been ranked the 7th Best Performing CEO in the World in the global score card on "100 Best Performing CEOs in the World" published by the Harvard Business Review. 2013 -ITC Ltd has launched a social investment project, Mission Sunehrakal (MSK), in Mysore district to conserve soil and moisture. -ITC has been ranked number one for the second consecutive year in the CSR category in the recently published Nielsen Corporate Image Monitor 2012-13. -ITC forayed into the biscuits market with its Sunfeast range of glucose, marie and cream biscuits. -ITC Infotech becomes the 1st PTC Authorized Training Partner in India -ITC Grand Chola recieves the highest national rating for green building -ITC Hotels ties up with RP Group Hotels & Resorts to manage 5 hotels in India and Dubai -ITC's leading personal care brand, has announced the launch of its second edition of the signature series of the Couture Spa Range of Gel Bathing Bars. -ITC's leading personal care brand, announced the launch of its unique Skin Nourishing Range of Soaps - Vivel 2014 -ITC has been voted among the top two 'Buzziest Brands' in the 'Corporate' category by 'afaqs', one of the world's largest marketing and advertising portals -Fiama Di Wills collaborates with Masaba Gupta -ITC's leading personal care brand and one of India's most exciting brands, introduces `Love & Nourish' -ITC becomes fastest firm to clock Rs 1,000 cr revenue in stationery market -ITC, Ruchi Soya in top 50 fastest growing FMCG list -ITC's Engage range takes second spot in deo market by volume -ITC replaces TCS as India's most admired company -ITC enters e-cigarette business -ITC Hotels launches one of largest ever foreign investments in Colombo 2015 -ITC Ltd entered into Asset Purchase Agreements (Agreements) with M/s. Johnson & Johnson Ltd., India & M/s. Johnson & Johnson Pte. Ltd., Singapore -ITC paper boards and specialty papers division has introduced grease-resistant paper boards -ITC acquires 87.06% equity share capital of Classic Infrastructure & Development Ltd. -Russell Credit Ltd., a Wholly Owned subsidiary of the Company, has acquired the entire equity share capital of Rs. 4.89 crores of Wills Corporation Ltd. (Wills) -ITC Launches Vivel Ayurveda Essence in Kerala -ITC Infotech announces partnership with Asigra 2016 -ITC and Starwood renew partnership deal for three more hotels. -ITC bets big on food biz with launch of Sunbean Gourmet Coffee brand. -ITC join hands NHAI for green highways in Andhra Pradesh. -ITC Bags National PRSI Awards. -ITC Grand Bharat, Gurgaon Ranked # 1 Resort in Asia 2017 -ITC launches new brand Farmland for fresh fruits, vegetables -ITC contributes to achieve Swachh Bharat through initiatives 2018 - ITC product Aashirvaad atta has become a Rs 4,000-crore brand in the wheat flour market, with around 28 per cent share in the branded segment. -ITC enters liquid milk segment, launches Aashirvaad Svasti brand -ITC's agri-biotech arm inks pact with UK's James Hutton. 2019 -ITC earns the Highest Global Recognition for Water Stewardship in Nov 6, 2019. -ITC Savlon Swasth India introduces 'Swachhata Ka Gullak' in Sep 27, 2019. -ITC Limited Launches First of its kind Multi-Layer Plastic (MLP) Collection Programme in Pune along with SWaCH and Pune Municipal Corporation (PMC) in Jun 5, 2019. 2020 -ITC enters into a Share Purchase Agreement to acquire 100% equity share capital of Sunrise Foods Private Limited in May 24, 2020. -ITC sets up Rs 150 crores COVID Contingency Fund for vulnerable sections of society in Mar 27, 2020. 2021 -ITC Collaborates with Invest India to Crowdsource Innovative Ideas for Single-Use Plastic Substitution and Automate Waste Segregation. -ITC Reaffirms its Commitment to India's Bold New Climate Targets, Commissions First Offsite Solar Plant in Tamil Nadu in Dec 28, 2021. -ITC Master Chef Partners Havmor Ice cream to Launch 100 Mobile Carts Selling Frozen Snacks across Delhi NCR -ITC receives the '6th ICSI CSR Excellence Award' for its Large-scale and Impactful CSR Initiatives. -ITC becomes the First Company in India to Commit to AWS Water Stewardship Certification for all its facilities in high water-stress areas by 2035 2022 -ITC executed watershed projects covered over 13 lakh acres in 40 districts IndiaCSR. -ITC collaborates with IIT Delhi to strengthen crop residue management programme in north India. -ITC food factory gets AWS platinum level Certification. -ITC cooks up a storm, sets up 12 cloud kitchens and 48 brand outlets. -ITC moves beyond plastic neutrality; sustainably managed over 54,000 tonnes of plastic waste in FY22. 2023 -ITC launches `Aashirvaad Svasti Daily' milk a budget-friendly offering for mothers. -ITC augments its millet portfolio Launches Sunfeast Farmlite Super Millets Cookie. -ITC B Natural brings back excitement into fruit beverages. -ITC Vivel Launches VedVidya with Sharmila Tagore and her First Ever, Digitally Created Avatar. 2024 -ITC Mangaldeep Unveils heartfelt 'Dil se Karo Baat, Bhagwan Ke Saath' Campaign. -ITC Ratnadipa - A Magnificent Icon of Responsible Luxury Launched in Colombo. -ITC Bingo! Tantalises Taste Buds with 3 Korean flavour variants launched with a new brand song. -ITC Champions Water Stewardship; Attains Two more Platinum Level AWS Certification and enters prestigious 'A' list for CDP Water. -ITC Sunfeast Baked Creations becomes the Official Gourmet Food Partner of Royal Challengers Bangalore for Women's T20 League 2024.

1910 - On 24th August the Company was incorporated as a Private Limited Company under the name, Imperial Tobacco Co. of India Ltd. The Company manufacture and distribute cigarettes and smoking tobaccos and speciality papers including cigarette tissue papers (Sole manufacturer in the country). Other activities include tobacco leaf processing, printing and packaging, hotels, food and exports. 1953 - The Company acquired the manufacturing business of Tobacco Manufacturers (India) Ltd., and the Complementary Lithographic printing business of Printers (India) Ltd. 1954 - The Company was converted into a Public Limited Company on 27th October. 1970 - The name of the Company was changed from the Imperial Tobacco Co. of India Ltd., to India Tobacco Co. Ltd., in May. - 5,00,000 Right shares issued to Indian shareholders (prem. Rs 3 per shares). 32,90,000 No. of Equity Shares offered to the public (prem. Rs. 3 per share). 1972 - On October Company entered into hotel business. 1973 - Company received the approval of Govt. for setting up three processing plants. 1974 - On 1st April name again changed to I T C Ltd. - During this period an offer for sale of 28,04,775 equity shares at par was made to the Indian public by the three major non-resident shares holders viz., Tobacco manufactures (India) Ltd, Tobacco Investments Ltd., and Rothmans International Ltd. all of UK. 1975 - ITC Ltd Purchased the net asset in India of India Leaf Tobacco Development Co. Ltd. (UK). 1976 - During December some foreign shareholders offered a total of 38,00,000 No. of equity shares of Rs 10 each at a premium of Rs 5.00 for sale to reduce the foreign equity holding of the Company to 40%. The shares offered were 10,95,774 shares by Tobacco Manufacturers (India) Ltd., 26,42,216 shares by Tobacco Investments Ltd., U.K., and 57,010 shares by Rothmans International Ltd., U.K. 1978 - 37,90,000 Bonus shares issued in prop. 1:5. 1979 - The name of the Company's chain of hotels was changed from "Welcom Hotels" to "Welcomgroup". The company entered into a Marketing Service and Reservations Agreement with the Sheration International Incorporated which was sactioned by Govt. on 27th January. 1980 - 45,48,000 Bonus shares issued in prop. 1:5. 1983 - A new Company under the name Gujarat Hotels was incorporated under a joint venture agreement signed between the Company and Gujarat Industrial Investment Corporation. This Co. had set up a 144-room hotel at Vadodara known as Welcomegroup Vadodara. - The Company is holding 24.9% of the subscribed equity capital of Rs 348 lakhs of Gujarat Hotels Ltd., as on 31.03.1993. 1984 - 29,38,050 shares allotted to bondholders in exchange of accrued interest on 1.7.1984. 1985 - 29,42,060 Shares allotted to bondholders in exchange of accrued interest. 1986 - The Company signed a joint venture agreement with MP Audyogik Vikas Nigam for setting up of four hotels over the next five years. - ITC Filtrona Ltd. a 50:50 joint venture Company promoted by the Company and Filtrona International Ltd. UK. The Company manufactures high technology filters for the cigarette industry. 1987 - New brands viz., Wills Flake Premium Filter and Scissors Filter were introduced. Long-term agreements were entered into with the unions of factories located at Calcutta, Saharanpur and Munger. In Bangalore, however, working was affected by a strike for 114 days. - The Company acquired Nedovs Hotel, Srinagar on lease. An agreement was concluded for building a new hotel in Jaipur and the hotel division added another 30 rooms in Mughal Sheraton, Agra, to cater to the growing demand. 1988 - In May the company formed a new division called Agribusiness Division for carrying out research and development on production and distribution of high yielding cultivars with emphasis on oil seeds, marketing of edible oils in bulk and consumer packs and export of agricultural produce. - A Memorandum of Understanding was signed with the authorities to open an Indian restaurant in Odessa, U.S.S.R. - The Company subscribed for 11,86,157 No. of equity shares of Rs 10 each for cash at par in the equity capital of PABL. - Different varities of oilseeds under the brand name of "ADARSH" and cooking oil under "SUNDROP" were launched. - New investments were made in water and bulk liquid packaging project. The Company explored the possibility of setting up a new software development centre in India with ability to access Company's customers' computers abroad through data communication links. - A major part of the business of India Leaf Tobacco Development Co. Ltd., (U.K.) (ILTD) consisted of its operations in India where it operated as a sister concern of the Company. ILTD was a pioneer in introducing Virginia tobacco to India and over the year, developed into a highly efficient enterprise, besides being a very large exporter of tobacco. The Company purchases, with effect from 1st April, 1975, the net assets in India of ILTD whereupon it became a division of the Company. 1989 - During the year Company entered into a foreign collaboration agreement with Liqui Box Corporation of U.S.A. for manufacture of Plastic bags dispensing valves and filments, Industrial Machinery for use with packaging and filling system for manufacture at the company's industrial unit at Thiruvottiyur in Tamil Nadu. - 331,68,110 Bonus Equity shares issued in prop. 1:1. - The Company proposed to evaluate a methodology for extraction of tobacco protein and solenesol and also investigate on the feasibility of converting tobacco waste into reconstituted waste. - Due to political disturbances in Kashmir, the project work at hotel Nedovs in Srinagar was suspended. The Bukhara restaurant was franchised to the Sheraton hotel in Hongkong also. 1990 - Refined mustard oil under the brand name "REAL GOLD" was introduced in the market. - On 1st April Tribeni Tissues Ltd was amalgamated with the Co. As per the terms of the merger, 5 equity shares of Rs.10 each of the company were issued at par without payment in cash for every six equity shares of Rs.10 each held in TTL. Accordingly, 105,95,070 No. of Equity shares were allotted to the shareholders of the erstwhile TTL. 1991 - The company entered into an agreement with MISR Import & Export Co. A.R.E Cairo, Egypt for the export of tea to Egypt on Commission at the rate of 3% payable in U.S. Dollars on the FOB/C&F value of each transaction. - Company proposed to enter and agreement with National Trading & Developing Establishment, Abu Dhabi for export of safety matches to UAE on commission at the rate of 3% on FOB value of each transaction. - Company proposed to enter and agreement with a firm under the name of Jalil Rastar, Tehran, Iran for export of tea to Iran on commission at the rate of 5% on the FOB/C&F value of each transaction. 1992 - Since January there was labour unrest at Tribeni Tissues paper mill which led to a lockout at the mill with effect from 27th May. - On 8th April, ITC Global Holdings Pte. Ltd was incorporated in Singapore a wholly owned trading subsidiary of the Company. - During the same period a wholly owned subsidiary ITC Infotech Ltd. incorporated in UK with an authorised capital of US $ 2 million and paid up capital of US $5 lakh. 1993 - The hybrid seeds business was being repositioned in the newly formed ITC Zere Co. Ltd., a joint venture paticipation with Zere Co. Plc of UK. - The Company successfully launched Hero brand Cigarettes. - During this period a finacial service division was formed. Companies Associated, ITC Classic Finance Ltd, proposed to enter a joint venture with Peregrine Group of Hong Kong through a new company, ITC Peregrine Capital Pvt. Ltd. to commence investment banking and brokerage services business. - In October the Company issued 45,00,000 Global Depository Receipts representing 45,00,000 ordinary shares. Three offered GDRs were to be issued with one warrent to subscribe for one warrant GDR upon payment of US $ 15.30. - Two new brands viz., `Classic Milds' and `Hero' were launched at the premium and small-length ends respectively. 1994 - Company propose to sell various edible oil brands to ITC Agro Tech Ltd. for a consideration of Rs.25 crores. - On 21st February Tiruvottiyur establishment resumed following a tripartie settlement. - 121,318,177 bonus equity shares issued in propn. 1:1, 2,85,550 No. of equity shares issued on conversion of 1,85,450 warrants. - Company introduced scissors standard. - ITC classic finance entered into arrangemnt for launching mutual funds ITC Classic Finance had set up a Company to enable operation in real estate and also a home finance Co. to provide finance to a range of buyers in the Commercial/Home Property markets. 1995 - Company introduced capstan Menthol filter, capstan standard and Bristo standared and re-designed Gold Flake Kings and Berkley Filter. Further, Gold Flake Lights in Kingsize was introduced into test markets. - The consideration of the edible oil business could not be completed due to adverse business conditions experienced by the ITC Agro-Tech Ltd. - During the year a new company ITC Classic Threadneedls AMC, a joint venture between ITC Classic Finance Ltd. and Threadneedle Asset Management was formed to launch a series of Mutual Funds. - 25,78,150 No. of Equity shares allotted on exercise of 12,89,075 warrants on payment of U.S. $15.30 per warrant. 1996 - Company purchased Mantralayam undertaking for a consideration of Rs.115.80 crores aganst settlement of all dues. The plant has since been licensed back to ITC Agro-tech for five years. - The Company has launched `Classic Ultra Milds' and `Wills Natural Lights' brands during the year. 1997 - ITC Classic Finance Ltd. was amalgamated with ICICI Ltd. - ConAgra Inc. U.S.A., invested in ITC Agro-Tech Limited by way of preferential allotment of over 51% equity, through its Mauritius based subsidiary, CAG-TECH Limited. - Having taken an in-principle decision to acquire the businesses, the ITC board has set up an internal committee to go into the nitty-gritty of the real estate business in CIDL. - City based Indian Tobacco Company workers will go on a day-long strike on December 26, in protest against the management's move to retrench 416 workmen from its cigarette manufacturing unit. 1998 - ITC Ltd has signed an agreement with National Securities Depository Ltd (NSDL) to get its securities admitted for dematerialisation. - ITC Ltd is one of the most liquid scrips in the capital market. With domestic institutions having a considerable stake in this counter, this move is likely to improve liquidity in demat trading. - ITC Ltd has undertaken a comprehensive exercise to restructure all its wholly-owned subsidiaries to align them with the four thrust areas viz., tobacco, hotels, paper and paperboards and printing and packaging. - ITC has nearly 105 subsidiaries, which are involved in various kinds of operations. 1999 - Tobacco gaint ITC has raised its stake in paper and paperboards subsidiary, ITC Bhadrachalam Paperboards, from 37% to 51% through a preferential allotment of equity shares. This follow the allotment, by the board of ITC Bhadrachalam Paperboards, of 1,91,20,000 No. of equity shares of Rs. 10 each for cash, at an issue price of Rs. 65 per share and 11% redeemable cumulative-preference shares of the face value of Rs 100 each, for cash, at par to promoter company ITC. - ITC will set up a new tobacco processing department (TPD) because the increased production will make it economical to process tobacco on site. - The Anaparti factory of ITC Ltd -- ILTD division, received the Rajiv Gandhi National Quality award for 1995. - Mr. K.S. Rao, Chief Executive of the ILTD division of ITC, received the award from the Union Minister for Chemical, Fertilisers, Food and Consumer Affairs, Mr. Surjit Singh Barnala, at Vigyan Bhavan. 2000 - ITC Infotech Ltd, the UK-based, wholly-owned subsidiary of the Company, and Compaq Computer (I) Pvt. Ltd. signed an MoU aimed at exploring business opportunities for deploying e-enabled solutions. - The Company has launched a project "e-Choupal" in Bhopal to Web-enable farmers to make a beginning in agricultural e-trade. - ITC Ltd its entry into retailing business by launching branded leisurewear apparels as part of its diversification strategy into new areas. - The Company is hiving off its Infotech services businesses in India, the US and UK and merging them into a separate wholly-owned subsidiary. - The IT division has entered into agreements with Compaq and expand the IT business. - The company set up the Lifestyle Retailing Business Division. A strategic Business Unit for the greeting cards business was set up under the Packaging and Printing Division. - ITC has launched Wills Sport, a full range of internationally styled premium wear for men and women. - ITC Infotech Ltd., the recently-launched it subsidiary of ITC Ltd., has become one of the select software organisations in the world to achieve the distinction of being certified at Level-5 on the prestigious Capability Maturity Model. - Tobacco Company ITC launched a website, billed as `one stop terminus' for international customers of agricultural commodities. The website, ww.itcibd.com, will provide information on trading of key commodities. - The Company have set up units in the north-eastern States to avail of special incentives relating to Central excise duties. - On 21th August, ITC Infotech India Limited became a wholly owned subsidiary of the company. Ansal Hotels Limited became a subsidiary of ITC Hotels Limited effective from 12th July. - The Board of the company has recommended an employee stock option scheme. - ITC Ltd. has proposed an Employee Stock Option Plan where ordinary shares up to 5 per cent of the issued and subscribed capital will be issued to employees. - Having carved a niche for itself by launching the first branded lifestyle apparel, Wills Sport, in Delhi in July 2000, the Lifestyle Retailing Business Division of ITC Limited has now big plans up its sleeve. - ITC Ltd, the Rs 8,816 crore cigarette and hotels company, has decided to merge its subsidiary, the Rs 623 crore ITC Bhadrachalam Paperboards Ltd, with itself. 2002 - ITC Ltd has informed that the Board of Directors, appointed Mr. J.B. Stevens as an Additional Non-Executive Director of the Company and the Board accepted the resignation of Mr. A.A. R. Rodrigures. 2002 - ITC Ltd has informed BSE that a large number of workmen have resumed work at the company's printing factory at Tiruvottiyur Chenna. - ITC Ltd, which has acquired a shade over 14 per cent in EIH Ltd, which owns the Oberoi chain of hotels. -ITC Ltd. has informed the Exchange that the Company on May 06, 2002 has allotted 20,96,982 Ordinary Shares of Rs 10/- each in the ratio of 1share of the company for every 16 fully paid up Equity Shares of Rs 10- each held in ITC Bhadrachalam Paperboards Ltd to the members of the ITC Bhadrachalam, in terms of the Scheme of Amalgamation of ITC Bhadrachalam with the company. - ITC, Tobacco major, has launched Aashirvaad atta making its foray into Indian atta market. - ITC's greetings cards business and Maple Leaf have entered into Joint Venture where Maple Leaf will exclusively manufacture pop-up cards for ITC. - ITC Foods ands ITC Ltd, is finally foraying its way to the Rs 1,100 crore confectionery market. The foods division which has shifted office from Kolkata to Bangalore this month, has introduced its first confectionery product, acquired brand Minto in four cities. -ITC Greeting Cards Business (ITC-GCB), has forayed into stationery products segment with the launch of Expressions PaperKraft. -ITC Limited has taken over Wills brand. ITC had to acquire the Wills brand in the US, before it takes Wills merchandise to America. -ITC Ltd. has informed the Exchange that the company has acquired further 56,000 ordinary shares of Nepalese Rupees 100/- each of Surya Nepal Pvt. Ltd. (Surya Nepal), earlier known as Surya Tobacco Company (P) Ltd, a company incorporated under the laws of Nepal. -ITC Ltd has informed BSE that Industrial Development Bank of India ('IDBI') has appointed Mr T M Nagarajan, Deputy Managing Director IDBI, on the Board of Directors of the Company w e f August 14, 2002, as Nominee Director representing IDBI, in place of Mr R Vasudevan. -ITC Board approves integration of Bhadrachalam Paperboards Division and Tribeni Tissues Division. - ITC Ltd International Business Division (ITC-IBD) has introduced an online auction platform called Tradersnet along with its web-based initiative Planternet. -ITC, now moves towards match business, it has diversified into the match business to earn more revenues from non-tobacco businesses. 2003 -ITC Ltd has informed to BSE that company's Spriha brand of natural incense sticks (Agarbathis) manufactured by Cottage Industries, a unit of the Sri Aurobindo Udyog Trust in Pondicherry was launched on February 21, 2003. -ITC on April 04, introduced salt in the staple segment, as part of its efforts to clock a Rs 500 crore sales in five years. Salt is the second offering from ITC Foods' staple business in the past 10 months, under the brand name of 'Aashirvaad'. -ITC group company, International Travel House (ITH), has divested 49 per cent equity in LeasePlan India to the Netherlands-based LeasePlan Corporation (formerly ABN AMRO Lease Holding NV), making it a wholly-owned subsidiary of the foreign company. -ITC Ltd has set up a Rs 227 crore modernised pulp mill at its Bhadrachalam works aiming to become the first producer of ECF PSP in the country. -ITC bags Golden Peacock award for cleaner tech -ITC has forayed into alliance with several state governments to take up afforestation programmes and in lieu get land from which it can source wood-based feedstock for its paperboard business. -ITC Ltd has informed that the Board of Directors of the Company at its meeting held on July 25, 2003 have noted the resignation of Mr T M Nagarajan, Nominee Director of Industrial Development Bank of India. - Indian Institute of Management Calcutta (IIMC) has joined with ITC Ltd. to unveil annual business competition -Ideas to Imprementation (i2I). -NCDEX allies with ITC Ltd for data sharing. -Company issued & allotted 27792 Ordinary Shares of Rs 10 each, upon exercise of 27792 options by eligible employees under the ITC Employee Stock Option Scheme. Consequently the issued & subscribed share capital of the company stands increased to Rs 247,54,85,090 divided into 24,75,48,509 ordinary shares of Rs 10/- each. -Bags Seagate Intelligent Enterprise of the Year award for the most innovative use of information technology -Commences commercial production of paper using the environment-friendly ECF (elemental chlorine-free) technology at its Bhadrachalam unit in Andhra Pradesh -Food wing of ITC eyes on 4 pc market share in biscuit market -The government has not taken up the Supreme Court's suggestion to arrive at a compromise formula with tobacco major ITC for settling the long-drawn-out excise dispute on the ground that it was not clear about the legal provisions under which it could do so. -ITC unveils new brand of agarbattis 2004 -ITC's Wills Lifestyle unveiled its fall/winter collection here on Jan 6. The collection, featuring Wills Classic formal wear, Wills Sport relaxed wear, Wills Clublife evening wear, and fashion accessories from Furla and Valentino from Italy, is available at ITC's Wills Lifestyle store near Nagarjuna Circle. -ITC signs memorandum of understanding (MoU) with Andhra Pradesh government for wasteland development -ITC win Rs 5.80 cr grant from British challenge fund -Acquires paperboards business of M/s Bilt Industrial Packaging Company Ltd including its 65,000 MT per annum manufacturing facility at Thekkampatty Village, Coimbatore District, Tamil Nadu. -ITC Food launches a range of 'cooking pastes' under its ready-to-eat gourmet cuisine brand Kitchens of India and readymeal Aashirwad brand -Completes the process of acquiring the paperboard manufacturing facility of BILT Industrial Packaging Co Ltd. (Bipco) near Coimbatore in Tamil Nadu. The facility, renamed 'unit Kovai', will operate as part of the paperboards and specialty papers division of ITC, which has a unit at Bhadrachalam in Andhra Pradesh. -ITC unveils Sunfeast biscuits in Chennai - ITC ties up with Israeli firm for e-choupals - Crisil gives 'AAA(SO)' to PTCs of ITC -ITC Ltd's Internet-based rural project, `e-Choupal', has won the inaugural `World Business Award' instituted in support of the United Nation's Millennium Development Goals -The International Business Division (IBD) of ITC has bagged the "Enterprise Business Transformation Award" for its unique web-based initiative called eChoupal. The award was announced in Shanghai as part of the Wharton Infosys Business Transformation Awards (WIBTA), for Asia Pacific. -The international business division of ITC forays into trading of organic farm products segment - Web based e-choupal programme of ITC bags inaugral 'World Business Award at International World Congress on June 8, 2004. -ITC introduces new special incense gift packs in Bangalore 2005 - ITC Ltd becomes one of the very few companies in India to obtain the coveted Quality Management System certification ISO 9001:2000 for investor servicing. - ITC Ltd wins 'Golden Peacock Global Award for Corporate Social Responsibility (CSR) in Emerging Economies for 2005'. - ITC Ltd signs an MoU with Tripura Government for a bamboo development programme. -ITC unveils new `5-in-1' agarbattis -ITC unveils `Expressions Regalia' -ITC e-Choupal gets Development Gateway Award -ITC unveils Candyman Cofitino -ITC has given the Bonus in the Ratio of 1:2 -Company has splits its Face value of Shares from Rs 10 to Re 1 2006 -ITC forges alliance with Tilda for DNA-tested basmati - ITC ties-up with Marubeni for food biz - ITC wins National Award for Excellence in Corporate Governance - ITC Infotech Launches Interline e-Ticketing Testing Service 2007 - ITC acquires Australian agri-biotech co. - ITC Ltd has secured seven awards at the 29th All-India Annual Conference of the Public Relation Society of India (PRSI) held in Chennai. The company got the awards for its Annual Report 2007, the management of ITC's Sangeet Sammelan events across all the major metros, its publications, including ITC's Sustainability Report, House Journal, e-news and its Corporate Web site. ITC was also awarded for its mass awareness campaign, using television as a medium. - ITC Ltd inked an MoU with the Government of Nagaland and the Spices Board for development of the famed Naga chilli via a host of initiatives across the agri-value chain. 2008 -ITC Ltd has appointed Mr. H G Powell as an Additional Non-Executive Director of the Company with effect from May 07, 2008. - ITC Ltd, having set up its food brands in the domestic market, is all set to concentrate on health and wellness-oriented products. - ITC launches eco-friendly "Paperkraft Premium Business Paper" - ITC's afforestation programme creates potential for 35 million person days of employment 2009 - ITC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 19, 2009, has appointed Mr. Anthony Ruys as an Additional Non-Executive Director of the Company with effect from January 20, 2009. - ITC Ltd has appointed Messrs. Deloitte Haskins & Sells, Chartered Accountants, as Auditors of the Company. - ITC launches Vivel Ultra Pro anti-dandruff shampoo in Kolkata. - ITC's unique Social Forestry project bags Carbon Credits for poor tribals - ITC becomes the first Indian company to gain membership with WWF GFTN for responsible forestry - ITC partners Orissa Rural Development and Marketing Society (ORMAS) to support livelihood creation in rural areas of Orissa 2010 - ITC has forayed into the Rs. 1,700-crore fairness cream market. - ITC is planning new products and offerings in the stationery products segment which includes notebooks, pens, pencil and scholastics. - The hotel business contributes just 3% to its total sales for ITC but it's now peeling its eyes for distressed assets in order to expand it global footprint in the hotel business. - Indian cigarette industry attracts international brands. - One of India's foremost private sector companies & the largest domestic cigarette manufacturer ITC, has entered Cigars business in India. - ITC enters fairness cream segment - Business conglomerate ITC Limited, is making an investment of Rs 1,000 crore for setting another unit in the existing paper mill at Bhadrachalam to expand its existing capacity of 200,000-tonne per annum (tpa). -ITC has given the Bonus in the Ratio of 1:1 2011 - ITC Ltd - Padma Bhushan for Mr. Y C Deveshwar, Chairman of the Company - Diversified conglomerate ITC Limited said it will invest up to Rs 3,000 crore to set up a paper manufacturing unit in Andhra Pradesh as part of plans to double capacity over the next five years. - ITC rises on plans of rebranding retail stores - ITC, Ruchi Soya in world's 50 fastest growing consumer firms - ITC had entered into lifestyle retailing and the stationery segments through its premium brands ,Paperkraft, notebooks and Wills Sport apparel range. Eventually the company had launched mass-appeal brands like Classmate:notebooks and John Players:menswear. - ITC opens first premium cigar retail store in Delhi - ITC Ltd has acquired the entire shareholding of Russell Credit Ltd. (wholly owned subsidiary of the Company) in Wimco Ltd. (Wimco), comprising 9,12,38,170 equity shares of Rs. 1/- each (i.e. 96.825% of Wimco's equity share capital).Consequently, Wimco has become a direct subsidiary of the Company with effect from September 29, 2011. - ITC's Regulatory Affairs Manager Mr. O'Halloran was awarded the `Excellence Award in International Education. 2012 - ITC Ltd has BSE that the Company acquired 2,26,06,065 Ordinary Shares having no par value of Technico Pty Ltd (TPL), a company incorporated in Australia, from Russell Credit Ltd, wholly owned subsidiary of the Company.Consequently TPL became a wholly owned Subsidiary of the Company with effect from March 26, 2012. - ITC bestowed 2012 World Business and Development Award - Cigarette giant ITC has raised its holding in the leading hospitality company East India Hotels (EIH), where billionaire industrialist Mukesh Ambani holds a significant stake and his wife is a member of the board, by acquiring an additional one per cent stake for Rs 42 crore through open market transactions. - Mr. Y. C. Deveshwar, Chairman of the Company, has been ranked the 7th Best Performing CEO in the World in the global score card on "100 Best Performing CEOs in the World" published by the Harvard Business Review. 2013 -ITC Ltd has launched a social investment project, Mission Sunehrakal (MSK), in Mysore district to conserve soil and moisture. -ITC has been ranked number one for the second consecutive year in the CSR category in the recently published Nielsen Corporate Image Monitor 2012-13. -ITC forayed into the biscuits market with its Sunfeast range of glucose, marie and cream biscuits. -ITC Infotech becomes the 1st PTC Authorized Training Partner in India -ITC Grand Chola recieves the highest national rating for green building -ITC Hotels ties up with RP Group Hotels & Resorts to manage 5 hotels in India and Dubai -ITC's leading personal care brand, has announced the launch of its second edition of the signature series of the Couture Spa Range of Gel Bathing Bars. -ITC's leading personal care brand, announced the launch of its unique Skin Nourishing Range of Soaps - Vivel 2014 -ITC has been voted among the top two 'Buzziest Brands' in the 'Corporate' category by 'afaqs', one of the world's largest marketing and advertising portals -Fiama Di Wills collaborates with Masaba Gupta -ITC's leading personal care brand and one of India's most exciting brands, introduces `Love & Nourish' -ITC becomes fastest firm to clock Rs 1,000 cr revenue in stationery market -ITC, Ruchi Soya in top 50 fastest growing FMCG list -ITC's Engage range takes second spot in deo market by volume -ITC replaces TCS as India's most admired company -ITC enters e-cigarette business -ITC Hotels launches one of largest ever foreign investments in Colombo 2015 -ITC Ltd entered into Asset Purchase Agreements (Agreements) with M/s. Johnson & Johnson Ltd., India & M/s. Johnson & Johnson Pte. Ltd., Singapore -ITC paper boards and specialty papers division has introduced grease-resistant paper boards -ITC acquires 87.06% equity share capital of Classic Infrastructure & Development Ltd. -Russell Credit Ltd., a Wholly Owned subsidiary of the Company, has acquired the entire equity share capital of Rs. 4.89 crores of Wills Corporation Ltd. (Wills) -ITC Launches Vivel Ayurveda Essence in Kerala -ITC Infotech announces partnership with Asigra 2016 -ITC and Starwood renew partnership deal for three more hotels. -ITC bets big on food biz with launch of Sunbean Gourmet Coffee brand. -ITC join hands NHAI for green highways in Andhra Pradesh. -ITC Bags National PRSI Awards. -ITC Grand Bharat, Gurgaon Ranked # 1 Resort in Asia 2017 -ITC launches new brand Farmland for fresh fruits, vegetables -ITC contributes to achieve Swachh Bharat through initiatives 2018 - ITC product Aashirvaad atta has become a Rs 4,000-crore brand in the wheat flour market, with around 28 per cent share in the branded segment. -ITC enters liquid milk segment, launches Aashirvaad Svasti brand -ITC's agri-biotech arm inks pact with UK's James Hutton. 2019 -ITC earns the Highest Global Recognition for Water Stewardship in Nov 6, 2019. -ITC Savlon Swasth India introduces 'Swachhata Ka Gullak' in Sep 27, 2019. -ITC Limited Launches First of its kind Multi-Layer Plastic (MLP) Collection Programme in Pune along with SWaCH and Pune Municipal Corporation (PMC) in Jun 5, 2019. 2020 -ITC enters into a Share Purchase Agreement to acquire 100% equity share capital of Sunrise Foods Private Limited in May 24, 2020. -ITC sets up Rs 150 crores COVID Contingency Fund for vulnerable sections of society in Mar 27, 2020. 2021 -ITC Collaborates with Invest India to Crowdsource Innovative Ideas for Single-Use Plastic Substitution and Automate Waste Segregation. -ITC Reaffirms its Commitment to India's Bold New Climate Targets, Commissions First Offsite Solar Plant in Tamil Nadu in Dec 28, 2021. -ITC Master Chef Partners Havmor Ice cream to Launch 100 Mobile Carts Selling Frozen Snacks across Delhi NCR -ITC receives the '6th ICSI CSR Excellence Award' for its Large-scale and Impactful CSR Initiatives. -ITC becomes the First Company in India to Commit to AWS Water Stewardship Certification for all its facilities in high water-stress areas by 2035 2022 -ITC executed watershed projects covered over 13 lakh acres in 40 districts IndiaCSR. -ITC collaborates with IIT Delhi to strengthen crop residue management programme in north India. -ITC food factory gets AWS platinum level Certification. -ITC cooks up a storm, sets up 12 cloud kitchens and 48 brand outlets. -ITC moves beyond plastic neutrality; sustainably managed over 54,000 tonnes of plastic waste in FY22. 2023 -ITC launches `Aashirvaad Svasti Daily' milk a budget-friendly offering for mothers. -ITC augments its millet portfolio Launches Sunfeast Farmlite Super Millets Cookie. -ITC B Natural brings back excitement into fruit beverages. -ITC Vivel Launches VedVidya with Sharmila Tagore and her First Ever, Digitally Created Avatar. 2024 -ITC Mangaldeep Unveils heartfelt 'Dil se Karo Baat, Bhagwan Ke Saath' Campaign. -ITC Ratnadipa - A Magnificent Icon of Responsible Luxury Launched in Colombo. -ITC Bingo! Tantalises Taste Buds with 3 Korean flavour variants launched with a new brand song. -ITC Champions Water Stewardship; Attains Two more Platinum Level AWS Certification and enters prestigious 'A' list for CDP Water. -ITC Sunfeast Baked Creations becomes the Official Gourmet Food Partner of Royal Challengers Bangalore for Women's T20 League 2024.

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Parent Organisation

ITC Ltd.

Founded

24/08/1910

Managing Director

Mr.Sanjiv Puri

NSE Symbol

ITCEQ

FAQ

The current price of ITC Ltd is ₹ 430.05.

The 52-week high for ITC Ltd is ₹ 436.05 and the 52-week low is ₹ 429.30.

The market capitalization of ITC Ltd is currently ₹ 538169.72. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy ITC Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in ITC Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase ITC Ltd shares.

The CEO of ITC Ltd is Mr.Sanjiv Puri, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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