ITC
Food
ITC's diversification strategy bearing fruits
IANS -
Over the years, ITC Ltd has transformed itself into an umbrella group that offers a diversified product mix.
Its position in the FMCG business is on a growth curve under the leadership of Sanjiv Puri, who is taking forward the...
Food
ITC's July-September consolidated net profit down 18 pc
IANS -
FMCG-to-hospitality major ITC Ltd on Friday reported an 18.23 percent fall in its consolidated net profit at Rs 3,413.44 crore.
During the same period last year, the company had reported a consolidated net profit of Rs 4,174.69 crore.
Its revenue from...
Food
ITC to focus on eastern market for its dairy business
Diversified conglomerate ITC will focus on the eastern regional markets of the country for its new dairy business vertical, a company official said on Thursday.
According to a PTI report: The company is now offering its dairy products in the...
Food
ITC's Savlon to become a Rs 1,000 crore brand
IANS -
Highlighting Savlon as an example of creating value from acquisitions, the ITC said on Wednesday that Savlon is on course to become a Rs 1,000 crore brand.
Sameer Satpathy, CEO, ITC's Personal Care Products Business, said that going by the...
Food
ITC plans to merge three subsidiaries with itself, board meeting in a week
Diversified business entity ITC on Friday said it is considering merger of its three wholly-owned subsidiaries - Sunrise Foods, Hobbits International Foods and Sunrise Sheetgrah - with itself. A board meeting of the company has been convened for this...
Food
FMCG stocks on a roll as household binge during lockdown drives valuations
IANS -
Stocks of fast-moving consumer goods (FMCG) companies are on a roll since the lockdown in March as increased consumption at home and lesser disruption in demand compared to other sectors have boosted valuations.
The FMCG Index grew 32 percent from...
Food
ITC acquires Sunrise Foods for Rs 2,150 crore
Diversified business entity ITC Ltd on Monday announced acquisition of spices manufacturer Sunrise Foods Private Ltd (SFPL) in an all-cash deal valued at Rs 2,150 crore.
According to the company, it has acquired shares of SFPL at an "upfront consideration...
Food
ITC’s profit after tax falls 25 pc to Rs 2,567.07 crore in Q1
Diversified group ITC Ltd on Friday reported a 25 percent decline in consolidated profit after tax at Rs 2,567.07 crore for the first quarter ended June 30 amid challenges of the coronavirus pandemic. The company had posted a consolidated...
Food
Intermittent lockdowns in several states disrupt FMCG firms' momentum, July output
FMCG companies, which saw sales recovering to pre-COVID-19 levels in June, are uncertain if the same momentum could be maintained in July due to intermittent and localised lockdowns in several parts of the country which have impacted manufacturing and...
Food
ITC, Godrej, Dabur, Emami report robust sales in rural areas
Leading FMCG players such as ITC, Godrej, Dabur, Emami and Marico are witnessing robust sales in rural and semi-urban markets, bolstering hopes of a speedy recovery from the impact of the COVID-19 crisis.
According to a PTI report: Interestingly, the...
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Indus Valley Cosmetics to Invest ₹40 Crores in R&D
The brand aims to enhance the visibility of its flagship product ‘Organic Gel Hair Colour’ through nationwide advertising and...
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