ITC LTD. - 500875 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We write to advise, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the Company's representatives will be virtually attending the 'UBS India Consumer Reverse Roadshow 2023' on 15th February, 2023. ITC LTD. - 500875 - Incorporation Of A New Step-Down Subsidiary
We have been advised by ITC Infotech India Limited, a wholly owned subsidiary ('WOS'), that they have incorporated a WOS in France under the name of 'ITC Infotech France SAS' ('ITC France') on 8th February, 2023. Consequently, ITC France has become a step-down wholly owned subsidiary of the Company with effect from the said date. ITC LTD. - 500875 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Further to our letter dated 3rd February, 2023, we enclose, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a copy of the Postal Ballot Notice dated 3rd February, 2023 along with the Explanatory Statement thereto, seeking approval of the Members for (a) entering into related party transactions with British American Tobacco (GLP) Limited, United Kingdom, during the financial year 2023-24, and (b) appointment of Mr. Peter Rajatilakan Chittaranjan as a Director of the Company, as set out in the said Notice. ITC LTD. - 500875 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI / HO / MIRSD / MIRSD_RTAMB / P / CIR / 2022 / 8 dated 25th January, 2022, please find enclosed a statement providing details of 'Letter of Confirmation' issued by the Company to its shareholders on 8th February, 2023 in lieu of Duplicate Share Certificates. Dream run continues for ITC stock
Thumbs up. Despite a sharp run-up of over 80% in the last one year, analysts still see more headroom ITC LTD. - 500875 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed details of Share Certificates for 9105 shares of Re.1/- each of the Company intimated as lost by the Shareholders on 6th February, 2023 and 7th February, 2023.
Buy ITC; target of Rs 450: ICICI Direct
ICICI Direct is bullish on ITC recommended buy rating on the stock with a target price of Rs 450 in its research report dated February 04, 2023. ITC LTD. - 500875 - Incorporation Of A New Step-Down Subsidiary
We have been advised by ITC Infotech India Limited, a wholly owned subsidiary ('WOS'), that they have incorporated a WOS in Malaysia under the name of 'ITC Infotech Malaysia SDN. BHD.' ('ITC Malaysia') on 3rd February, 2023. Consequently, ITC Malaysia has become a step-down wholly owned subsidiary of the Company with effect from the said date.
Rollercoaster week sees 11 BSE 500 stocks give double-digit returns, ITC among them
The government hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%. NCCD accounts for about 10% of overall taxes on cigarettes. Analysts expect the hike in the duty to give room for ITC to raise prices by about 1-3% across categories, which will subsequently drive its profitability. Q3FY23 Quarterly Result Announced for ITC Ltd.
Tobacco products firm ITC announced Q3FY23 results: Q3FY23: Board recommends an Interim Dividend of Rs 6.00 per share for the Financial Year ending Q4FY23. Strong growth momentum sustained across operating segments. Gross Revenue (ex- Agri-Business) up 17.5% YoY and EBITDA up 22.0% YoY. Reported Gross Revenue up 2.9%; the base quarter included wheat exports that were banned during the current year. Segment PBIT margin (ex- Agri Business) up ~130 bps YoY. Robust performance continues in FMCG – Others; Segment Revenue up 18.4% YoY, 1.5x of Q3FY20. Staples, Biscuits, Noodles, Snacks, Dairy, Beverages, and Soaps drive growth. Education & Stationery Products Business continues to witness strong traction. Segment EBITDA margin at 10.0%; up 90 bps YoY and 50 bps sequentially amidst elevated commodity prices. Continued volume recovery from illicit trade on the back of stability in taxes on cigarettes and deterrent actions by enforcement agencies Cigarettes Segment Revenue up 16.7% YoY; Segment PBIT up 16.9% YoY Market standing continues to be reinforced through focused portfolio/market interventions and agile execution. Stellar performance in the Hotels Business; Segment Revenue up 50.5% YoY and at appx. 1.3x of Q3FY20. RevPAR is well ahead of pre-pandemic levels. Segment EBITDA at 224 crore (up 107 crore YoY and 67 crore over Q3FY20) Segment EBITDA margin at 31.5% (+680 bps YoY and +310 bps Vs. Q3FY20) driven by higher RevPAR and structural cost interventions. Restrictions imposed on wheat & rice exports impact Agri-Business Segment Revenue; Segment PBIT up 32.6% driven by strong growth in leaf tobacco exports and value-added agri products. Value-added spices processing facility equipped with state-of-the-art technology commissioned in Guntur during the quarter. Paperboards, Paper and Packaging Segment continues to deliver strong performance; Segment Revenue up 12.7% YoY while Segment PBIT up 35.2% YoY The segment margin improvement was driven by higher realisations and strategic interventions (in-house pulp manufacturing, pro-active capacity expansion in value-added products, Digital) Capacity utilisation of the recently commissioned unit in Nadiad, Gujarat scaled up. Result PDF