We have marginally tweaked our earning estimates for FY2014 and FY2015 to factor in a little higher than expected revenue and other income in Q4FY2013. We expect the sales volume growth of the cigarette business to remain subdued in FY2014. However, the
The non-cigarette fast-moving consumer goods (FMCG) segment of ITC has recorded its maiden profit, helping the cigarette-to-hotel major post 19.4 per cent increase in net profit in the fourth quarter of 2012-13.Price increases in cigarettes and the
Cigarettes-to-hotels major ITC is believed to be considering forays into various new segments, including oral care. The company’s foods segment is fast approaching break-even, and its personal care division is also faring well.
ITC has dipped 4% to Rs 341 amid profit taking after the stock rallied 24% in past one month on the Bombay Stock Exchange (BSE). The stock is largest loser in the benchmark index Sensex and NSE CNX Nifty.
Shares of fast moving consumer goods company (FMCG) are on a roll on the bourses after the promoters of Hindustan Unilever (HUL) made an open offer to acquire over 20% stake in the company at huge premium.
Tobacco-to-hospitality major, ITC, has officially raised cigarette prices across select brands by 15-20 per cent. A dealer said the new 10-stick packet of Navy Cut will cost Rs 59 now, compared to Rs 49 earlier.
ITC is trading higher by around 3% at Rs 309 on NSE on reports that the company has increased prices of some of its select cigarettes brands. The stock is currently trading nears to its lifetime high of Rs 311 touched in early February this year.
Shares in India's biggest cigarette maker ITC are the cheapest compared with large-cap domestic consumer good peers such as Hindustan Unilever, Nestle India and Asian Paints, according to Thomson Reuters StarMine data.
Sales volume to remain under pressure: With no sign of revival in the macro-economic environment, we expect the sales volume growth in most of the fast moving consumer goods (FMCG) categories (including the discretionary and highly penetrated segments) to
Tobbaco to hospitality major ITC is focusing more on volume sales of its cigarettes and according to a recent market check by Deutsche Bank Markets Research the Kolkata based conglomerate has launched a new 69 mm ‘Wills Navy Cut’ cigarette
Brands such as Amul, Nestle and Britannia that dominate the Indian dairy market will soon have competition. Diversified conglomerate ITC is gearing to launch a slew of products over the next 14 months.
Despite the Budget announcement of an 18 per cent rise in excise duty on cigarettes exceeding 65 mm in length (the second consecutive year of a rise in duty), against expectations of a 10 per cent rise, ITC’s stock fell only 0.7 per cent from its