ITC

Leading footwear and performance apparel brand Woodland has forayed into the personal care segment by introducing a range of deodorants. The deodorants, catering to both men and women, are part of the spring and summer 2021 collection, Woodland said in a statement."We...

Pandemic-induced acceleration in consumption of bakery items has attracted food majors to venture into the "sweet and convenient" sub-category of packaged cake segment. At present, the industry estimates the sub-segment's revenue generation capacity of over Rs 2,500 crore per annum. In...

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...

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...

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...

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...

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...

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...

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...

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...