|Bid||267.10 x 0|
|Ask||0.00 x 0|
|Day's range||265.45 - 269.00|
|52-week range||250.00 - 354.80|
|PE ratio (TTM)||31.61|
|Forward dividend & yield||4.75 (1.79%)|
|1y target est||324.51|
Kolkata, Jan 19 (IANS) Cigarette-to-FMCG major ITC Ltd on Friday reported a 16.8 per cent increase in its net profit to Rs 3,090.20 crore in the quarter ended December 31, 2017 as compared to Rs 2,646.73 crore in the year-ago period. EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 3,904.50 crore registered a growth of 10.1 per cent during the quarter. The company said it delivered steady performance during the quarter despite a challenging operating environment marked by severe pressure on legal cigarette industry volumes and limited trading opportunities in agri-business.
The company, which also makes consumer goods ranging from biscuits to skincare products, said its profit rose to 30.90 billion rupees ($484.53 million) in the quarter ended Dec. 31, from 26.47 billion rupees a year ago. Analysts on average had expected a profit of 28.32 billion rupees, according to Thomson Reuters Eikon data.
New Delhi, Jan 12 (IANS) Telecom regulator TRAI on Friday reduced the international termination charge (ITC) to 30 paise per minute from 53 paise, effective from February 1, 2018. In industry parlance, ITC refers to "charges payable by an International Long Distance Operator (ILDO), which is carrying calls from outside the country, to the access provider in the country in whose network the call terminates". "The authority has decided to revise the termination charge for international incoming call to wireline and wireless from Rs 0.53 per minute to Rs 0.30 per minute," TRAI said in a notification.
REUTERS - Indian shares ended lower on Wednesday as falling global commodity prices pushed metal shares such as Vedanta Ltd down, while consumer stocks such as ITC Ltd also weighed on the indexes. The ...
REUTERS - India's biggest cigarette maker ITC Ltd posted a nearly 6 percent rise in quarterly profit on Friday, helped by lower costs. Profit rose to 26.40 billion rupees in the second quarter ended Sept. ...
The Indian government has threatened Philip Morris International Inc (PM.N) with "punitive action" over the tobacco giant's alleged violation of the country's anti-smoking laws, according to a letter sent to the company by the health ministry. The letter was prompted by a Reuters investigation last month that revealed how Philip Morris was deploying marketing tactics in India, some targeting young people, that officials said were illegal. The letter cites the Reuters story in the opening paragraph, listing Philip Morris' marketing methods as outlined in the article, including cigarette advertisements at kiosks, the free distribution of Marlboro smokes at nightclubs and bars, and the use of TV screens to promote the world's best-selling cigarette brand at these events.
Kolkata, July 28 (IANS) FMCG major ITC Ltd on Friday said it has experienced "some hiccups" in trade channels after implementation of Goods and Services Tax (GST) but it is "getting better week by week". It will create a common Indian market. To expect that the transformative reforms will happen without any hiccups, I think we are expecting too much.
Cigarettes-to-biscuits maker ITC Ltd reported a 7.4 percent increase in quarterly profit, helped by higher sales from its cigarettes segment. Profit rose to 25.61 billion rupees in its first quarter ended ...
The state government in Delhi told Philip Morris International Inc and other tobacco companies on Saturday to remove all advertisements from tobacco shops in the city, warning them of legal action if they do not comply. The order, sent by Delhi state's chief tobacco control officer S. K. Arora, comes days after Reuters reported that Philip Morris was promoting Marlboro cigarettes, the world's best-selling brand, by advertising them at tobacco shops and distributing free cigarette samples.
The chief tobacco control officer at the Delhi state government, Arora asked the major cigarette companies to put a stop to the cat-and-mouse routine. In official letters and face-to-face meetings, he told them India's tobacco control laws barred such public advertising and promotion of cigarettes. Early last year, Arora said, he met with a Philip Morris director for corporate affairs in India, a man named R. Venkatesh, and told him the signs were an unequivocal violation of Indian law.
REUTERS - The BSE Sensex fell 1.1 percent, posting its biggest daily percentage drop this year and retreating from a record high in the previous session, as ITC Ltd slumped after the government raised ...
Shares in India's tobacco firms slumped on Tuesday, with market leader ITC Ltd recording its biggest daily percentage drop in more than two years, after the country hiked taxes on cigarettes in a surprise move. The tax increase was achieved through the imposition of a special duty, and prompted analysts to downgrade stocks of tobacco companies. The move was seen signalling a tougher government stance towards the tobacco sector at a time of growing scrutiny of the health hazards of smoking.
Indian shares ended higher on Monday as consumer goods makers such as ITC Ltd surged on hopes the newly implemented goods and services tax would reduce retail prices and boost sales. The broader NSE Nifty ...
Mumbai, July 3 (IANS) Stocks of FMCG rose to hit record high on Monday, with ITC, which is the largest contributor to the index, witnessing the highest momentum. The S&P BSE FMCG index touched a fresh ...
REUTERS - Diversified consumer company ITC Ltd posted a 12 percent growth in March-quarter profit as its biggest segment, cigarettes, witnessed growth in sales. Profit rose to 26.69 billion rupees in the ...
REUTERS - Indian shares closed marginally higher on Monday, with consumer stocks leading the gains as sentiment remained upbeat after the government finalised rates for the upcoming Goods and Services ...