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Food Processing > Tobacco > ITC Limited | | ITC Limited |  | ITC was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited. As the Company's ownership progressively Indianised, the name of the Company was changed from Imperial Tobacco Company of India Limited to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974. In recognition of the Company's multi-business portfolio encompassing a wide range of businesses - Fast Moving Consumer Goods comprising Foods, Personal Care, Cigarettes and Cigars, Branded Apparel, Education and Stationery Products, Incense Sticks and Safety Matches, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business and Information Technology - the full stops in the Company's name were removed effective September 18, 2001. The Company now stands rechristened 'ITC Limited,'where ‘ITC’ is today no longer an acronym or an initialised form.
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| Contact Details |
| Contact Address: | ITC
No.37
J.L.Nehru Road
Kolkata, WB, 700071
Phone : +91-33-22889371
Fax : +91-33-22881417
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| (1) Business Reviews for ITC Limited |
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| Mayank Gupta wrote on 16-Jul-2012 |
| This is Mayank Gupta. I am looking out to take a distributorship/dealership in Uttar Pradesh region for leaf tobacco and other tobacco product. I am into this business since last 10 years and now i am looking for some more reputed brands of tobacco for the future growth . Henceforth, I wanted to know if any company is inviting for the same or not. If yes then plz contact "Mayank on 9721170771".
With Regards.
Mayank(9721170771) |
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| News |
ITC may buy stake in Coffee Day; to vie with Coca-Cola
Posted on 21st August 2019 |
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Months after the global beverage company Coca-Cola showed interest in buying stake in Cafe Coffee Day, Indian tobacco major ITC Ltd may also fight for a stake in CCD’s parent company Coffee Day Enterprises Ltd. ITC, Asia’s most valuable cigarette maker, is looking to diversify from the company’s main selling product — tobacco — and has been given access to review Coffee Day’s assets and financials so that it can contemplate on picking stake, Bloomberg reported citing unidentified sources. If ITC goes ahead with the deal, it will be able to reduce its dependence on the cigarette business. Read More |
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ITC's cigarette volume growth slows down in June quarter
Posted on 6th August 2019 |
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The overall slump in consumption has impacted cigarette sales of ITC Ltd. The diversified business conglomerate has reported around 3% volume growth in the April-June quarter, against 7-8% in the past three consecutive quarters. This growth slowed despite no hike in cigarette taxes for two years now. Read More |
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No light from ITC June quarter results for investors
Posted on 5th August 2019 |
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Cigarette-to-soap maker, ITC’s June quarter results were not particularly encouraging. The cigarette business, which is ITC’s mainstay, disappointed. Varun Lohchab, analyst at Jefferies India Pvt. Ltd, points out that “ITC’s Q1FY20 missed slightly operationally as cigarette volumes grew 3% year-on-year (versus our 4% expectation)." Read More |
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ITC net profit up 12.6% at Rs 3,174 crore in June quarter
Posted on 3rd August 2019 |
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Largely in line with market expectations, ITC on Friday reported a handsome 12.6% year-on-year increase in its standalone net profit to Rs 3,173.94 crore for the first quarter ended June 30, with its gross revenue soaring 6% y-o-y during the period. The diversified conglomerate had posted a net profit of Rs 2,818.68 crore in the corresponding quarter a year ago. Read More |
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ITC chief Sanjiv Puri rejects possibility of business demerger
Posted on 13th July 2019 |
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Turning down any possibility of a demerger of its different businesses, ITC chairman Sanjiv Puri on Friday said the present structure of the diversified conglomerate “makes sense” as it was “creating synergies out of diversities”. Addressing shareholders during the cigarette-to-hotel-to-FMCG major’s 108th annual general meeting in Kolkata, Puri said, “The whole philosophy of ITC has been to create value out of the businesses within the system. Read More |
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