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BAT set to divest up to 3.5% stake in ITC through block trade transaction
British multinational BAT PLC is set to sell up to a 3.5 percent stake in India’s ITC Ltd to institutional investors through a block...
ITC’s emphasis on premium products propels personal care business, doubles sales contribution to 38%
Premium products in the personal care business at ITC have seen a significant surge in contribution to sales, doubling in the last four years...
ITC mulls 47% stake acquisition in Prataap Snacks, eyes market share growth
ITC is currently evaluating the acquisition of a 47% stake previously held by Peak XV Partners (formerly Sequoia Capital) in the publicly traded Prataap...
Healthy snack brands see explosive growth amidst health-conscious consumer trend
The burgeoning popularity of health-conscious consumers and the influence of social media personalities are driving explosive growth in healthy snack brands. Nevertheless, expanding these...
FMCG firms maintain steady growth with single-digit volume increase and improved margins in December quarter
During the December quarter, Fast-moving consumer goods (FMCG) firms experienced single-digit volume growth and enhanced margins across various segments. This positive trend was facilitated...
ITC sees untapped market potential for YiPPee! Noodles, aims for further growth in the North region
ITC, a diversified conglomerate, believes that there is additional potential to increase the market share of its Noodles segment under the YiPPee! brand in...
ITC Q3 net profit surges 6.5% to INR 5,400.52 Crore; revenue records 2.43% growth
Diversified entity ITC Ltd on Monday reported a 6.51% surge in its consolidated net profit for the December 2023 quarter, totaling INR 5,400.51 crore....
ITC ramps up cloud kitchen operations, targets major Indian cities
ITC plans to scale up the cloud kitchen business it has been piloting in Bengaluru. The conglomerate, renowned for offering North Indian lunch and...
Bata India faces INR 60 Crore tax notice over GST discrepancies
Footwear major Bata India has been served a notice by the State Tax Officer, Anna Salai Assessment Circle, Chennai, with an amount of INR...
ITC aims for double-digit market share in smoothies and milkshakes, expanding reach beyond airports
ITC Ltd, a prominent player in the Fast-Moving Consumer Goods (FMCG) sector, anticipates achieving a double-digit market share in the smoothies and milkshake beverage...
ITC sets sights on major hotel expansion with 50% room inventory boost by 2027
Conglomerate ITC is eyeing a significant 50% jump in room inventory over the next five years.During its institutional investors and financial analysts day on...
ITC’s FMCG business soars with 14% CAGR over 3 years, Aashirvaad brand hits INR 8,000 Crores in consumer spends
Over the past three years, the FMCG segment of the diversified conglomerate ITC has seen substantial growth, with a compounded annual growth rate of...