ITC Limited is a multinational conglomerate company dealing in several consumer goods, IT, agro, paper, packaging, hotels and paperboards. It comprises of various brands that provide various consumer goods such as cigars, cigarettes, incense sticks, frozen food, and beverages, chocolate, ready to eat meals, coffee, noodles, biscuits, spices, personal care products, gums, snacks, confectionary, dairy, staples, safety matches and stationary.
Incorporated in 1910 on 24th August under the primary name of Imperial Tobacco Company of India Ltd, ITC through its evolution of ownership and being Indianised later changed its name to India Tobacco Company Ltd. This event in 1970 was soon followed by 1974 when it was finally changed to I.T.C. Ltd.
About Company Information:
Primarily ITC’s cigarette business found a brand new backup in the year 1925 and was now engaged in Packaging and Printing business. Decades later in 1975, it went on to launch its first Hotel business by acquiring a property in Chennai and renaming it as ITC-Welcomgroup Hotel Chola. Later in the year 1979, it entered the Paperboards business. The company then promoted ITC Bhadrachalam Paperboards Ltd. 6 years later with as a joint venture it opened up Surya Tobacco Company which was then an Indo-Nepal and British undertaking.
Then came the year 1990 when ITC started trading in paper manufacturing and turned out to be a chief supplier in the tissue paper business supplied to the cigarette industry. It was also the very same year that the company entered the agro-based market for the export of agricultural commodities. Another decade later, in 2002, it took a bold leap into the flourishing IT sector. The same year ITC also engaged in men and women’s wear through the Wills Sports Range.
In 2003 it followed its course of premium notebooks, launched back in 2002 and started promoting the Classmate range of notebooks and commodities to students. The Snacks brand Bingo, which was the rapidly growing snacks business allied with ITC back in 2007. Within a 2-3 year gap, in 2009-2010 new variants of already existing brands of cigarettes like Gold Flake and Navy Cut Filter Kings and new ones like duke filter were launched by the company.
Rusell Credit Ltd, a company incorporated in Australia had 2, 26, 06, 065 of its ordinary shares acquired by ITC Ltd in 2012. There were two more wins for the company in the following years. In 2015, on 23rd February, it turned out to be the highest successful bidder to acquire Park Hyatt Hotel located at 263-C Arossim, Cansaulim, Goa and concerned properties. The next win was on 9th October 2016 when it bought total equity share capital for a whopping Rs 121 crore belonging to Technico Agri Sciences Limited, India.
Now the company has emerged to be the most elegant packaging house in the country and as the market leader in the paperboards business. It has turned out to be India’s largest exporter in this division and has developed a consumer base in the country like no other for stationary and paperboards business under the brand name of Classmate.
The ITC Ltd, Equity Shares/stocks are listed on the National Stock Exchange of India Limited (the "NSE") and BSE Limited (the "BSE", together with the NSE, the "Stock Exchanges") and also in Luxembourg Stock Exchange, London Stock Exchange.
The Key Dates to be noted for ITC Limited is:
March - The Year Ending Month
July - The AGM Date (Month)
May - Book Closure Date (Month)
As of June 2019 - ITC Limited, Management Team:
A K Rajput Senior Vice President, Corporate Affairs
Arun Duggal Non-Executive Director
David Robert Simpson Non-Executive Director
Hemant Bhargava Non-Executive Director
John Pulinthanam Non-Executive Director
Meera Shankar Non-Executive Director
N Arif Executive VP & Head
Nakul Anand Executive Director
Nirupama Rao Non-Executive Director
Rajendra Kumar Singhi Executive Vice President & Co. Secretary
Rajendra Kumar Singhi Secretary
Rajiv Tandon Executive Director & CFO
Sahibzada Syed Habib-ur-Rehman Non-Executive Director
Sanjiv Puri Chairman & Managing Director
Shilabhadra Banerjee Non-Executive Director
Sumant Bhargavan Executive Director
Sunil Behari Mathur Non-Executive Director
V Kulkarni Chief Operating Officer
How ITC Ltd, is categorised as the Tobacco Sector, and Cigarette Industry :
The Tobacco sector comprises those of industries that are engaged in the growth, arrangement for sale, purchases and shipment, advertisement, and distribution of tobacco and tobacco-related merchandise. Tobacco sector is considered to be a global sector; tobacco can be grown in any warm, humid environment, which means it can be grown on all continents except Antarctica. Quality tobacco stocks have brought in significant returns for investors.
ITC Limited is categorised as the Cigarette industry, Tobacco Sector. The companies under the Cigarette Industry have sustained their earnings growth by cutting expenses, asking income abroad and making M&A deals. These significant factors have brought enough cash into these businesses to grant investors attractive dividend yields and growing stock prices. These reliable high yield stocks can make high investments for dividend investors.
ITC Limited, Competitors and Sector Peers:
Godfrey Philips India Ltd. GODPHI
Golden Tobacco Ltd. GTCIND
NTC Industries Ltd. RDBIND
VST Industries Ltd. VSTIND
ITC Limited, Contact Information:
Widening the net: How e-invoicing is boosting GST complianceThe Economic TimesNewsBotApr 9 10:26 AM
Consumer goods stocks back in vogue as partial lockdowns returnThe Economic TimesNewsBotApr 5 10:06 AM
Conscious attempt to copy another's packaging does not constitute passing off: HCThe Economic TimesNewsBotApr 1 9:46 AM
NCLT approves amalgamation of Sunrise Foods with ITC, says companyThe Economic TimesNewsBotMar 28 9:56 AM
Avoiding sin stocks? Why not look at their ESG parametersThe Economic TimesNewsBotMar 23 3:06 AM
Buy ITC, target price Rs 245: Yes SecuritiesThe Economic TimesNewsBotMar 22 11:21 AM
Beer giant AB InBev appoints Vineet Sharma as VP- marketing and new business development for South AsiaThe Economic TimesNewsBotMar 18 10:51 AM
Morgan Stanley ‘overweight’ on ITC, believes future growth not priced inThe Economic TimesNewsBotMar 17 11:31 AM
Market Movers: Why ITC bucked weak trend; 94 stocks blink sellThe Economic TimesNewsBotMar 17 4:21 AM
Buy ITC, target price Rs 238: ICICI DirectThe Economic Times