During the quarter under review, the company’s standalone profit surged 17.6% year-on-year (YoY) to ₹4,902.74 crore as against ₹4,169.38 crore in the same period last year.
ITC will hold a stake of about 40% in the new entity and the balance shareholding of about 60% to be held directly by the company's shareholders
The FMCG major has joined the league of biggies such as RIL, TCS, HDFC Bank, ICICI Bank, HUL, and Infosys to become the seventh-most valued firm on BSE.
The ITC board recommended a final dividend of ₹6.75 and a special dividend of ₹2.75 per equity share.
ICRA expects premium hotel occupancy at around 70-72% in FY24, after recovering to 68-70% in FY23.
How legacy FMCG companies staged a comeback in their battle with new-age brands by investing in data-led strategies, acquisitions and premium product portfolio.
The company has launched a listening engine, Sixth Sense, which tells what people are talking about. It listens to social conversations and picks up not just consumption trends but also concerns.
Shares of cigarette-to-hotel conglomerate gained as much as 6.3% in early trade to hit a fresh record high of ₹384.4 even after the government raised duty on cigarettes by 16%.
The cigarette-to-hotel conglomerate will buy Yoga Bar parent in one or more tranches over a time period of about three to four years.
Only 11% of the atta sold is branded. Just 5% of rice is branded, while 95% of sugar and 92% of pulses are sold loose
